Miami, FL 33170 Real Estate Market Report

ZIP Code: 33170
Report Date: April 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) stands at $625,000, reflecting a stable market with modest price appreciation. The market has shown an upward trend in sold prices, which is indicative of a healthy demand relative to the available supply. The overall market temperature is neutral, suggesting a balanced environment for both buyers and sellers, with no significant pressure on pricing in either direction.

Transaction activity appears moderate, with 299 days as the median days on market, indicating a slower sales velocity. This extended time frame may suggest a degree of pricing friction, as properties are taking longer to sell. Elevated inventory levels relative to sales activity may also contribute to this trend, although the market remains stable overall, with a median listing price of $621,950 suggesting seller expectations are aligned with current market realities.

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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

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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 Miami, FL are averaging 6.59% compared to 6.34% a year ago, representing a 0.25% increase.

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 is $625,000, indicating a stable market with potential for modest appreciation.

2. With a median days on market of 299, the market is experiencing slower sales velocity, which may suggest pricing friction.

3. The median listing price of $621,950 is closely aligned with the median sold price, indicating balanced seller expectations.

4. The market temperature is neutral, reflecting a balanced environment for buyers and sellers without significant pressure in either direction.

5. The median market rent has increased to $2,530, indicating strong demand in the rental market despite the overall neutral sales environment.

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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.