Miami, FL 33170 Real Estate Market Report

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.

Market Metrics

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.

Rental Market

Property Taxes

Liquidity & Velocity

Market Trends & Context

Key Findings

1. The primary indicator of recent market value is the median sold price of 559,900, which reflects completed transactions and suggests current achievable pricing for SFR and condominium properties in the area; use 559,900 as the anchor when underwriting offers or setting realistic seller expectations.
2. There is notable pricing friction between asking and achieved prices: the median listing price is 565,000 versus the median sold price of 559,900, which may indicate modest seller optimism and suggests sellers should consider pricing or concession strategies to accelerate transactions; monitor this spread when advising clients.
3. Liquidity is slow based on the long median days on market of 331, which implies slower sales velocity and that buyers have increased time to negotiate — price reductions or flexible terms are more likely to move deals to closing in the current environment.
4. Market-level trends show a flat price year-over-year trend, a neutral market temperature, rent pressure down, and moderate interest rate pressure; together these signals suggest a rebalancing market where buyer negotiating power is increasing and pricing stability is the prevailing condition.

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.