Miami, FL 33170 Real Estate Market Report

ZIP Code: 33170
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The median sold price in Miami, FL (ZIP: 33170) is $608,000, reflecting a market that has seen a slight decrease in overall pricing trends. This indicates a down trend in the market, as evidenced by the broader context of price adjustments across the region. The market is characterized by moderate transaction volume and elevated inventory levels, suggesting that buyers may have more options available, which could influence future pricing dynamics.

With a median listing price of $750,000, there is a notable gap between listing and sold prices, indicating potential pricing friction as sellers adjust expectations in response to market conditions. The median days on market stands at 272 days, highlighting a slower sales velocity, which may further contribute to buyer hesitancy amid economic uncertainty. Overall, the market appears to be in a neutral state, balancing between buyer demand and seller expectations.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the Miami FL 33170 area average around 5.50% to 5.88%, which is notably lower than the 6.87% average from one year ago in 2025, presenting a cost opportunity for refinancing.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The median sold price of $608,000 suggests a market experiencing down trends in pricing.

2. With a median listing price of $750,000, there is significant pricing friction, indicating potential adjustments may be necessary for sellers.

3. The median days on market of 272 days reflects a slower sales velocity, which may lead to increased buyer negotiation power.

4. Inventory levels are elevated, suggesting excess supply relative to sales activity, impacting market dynamics.

5. The market temperature is currently neutral, indicating a balanced environment between buyers and sellers.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.