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) stands at $621,000, reflecting a robust local market despite broader trends indicating some softening. This price point suggests a stable demand for properties in the area, as it represents actual transactions rather than mere listing expectations. The market appears to be experiencing a neutral temperature, indicating a balance between buyer and seller activity, which may suggest a more cautious approach from both parties in the current economic climate.

Transaction velocity is notably slower, with homes spending an average of 278 days on the market. This extended period may indicate a shift towards a more balanced market, where elevated inventory levels are contributing to a slower sales pace. The current median listing price of $750,000 suggests that sellers may be facing challenges in aligning their expectations with buyer willingness, potentially leading to pricing friction as the market adjusts to these dynamics.

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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 6.1% compared to the 2026 forecast average of 5.7%, meaning property owners who originated loans recently locked in a slightly more favorable rate.

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. $621,000 is the median sold price, indicating stable demand in the local market.

2. Homes are taking an average of 278 days on market, reflecting slower sales velocity and potential pricing friction.

3. The median listing price of $750,000 suggests sellers may need to adjust expectations to align with buyer sentiment.

4. The market temperature is currently neutral, indicating a balanced environment for both buyers and sellers.

5. Elevated interest rate pressure is present, which may impact buyer affordability and overall market activity.

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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.