Miami, FL 33175 Real Estate Market Report

ZIP Code: 33175
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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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 33175 area average 6.3%, reflecting the prevailing market environment for property owners in this region.

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. $690,000 is the median sold price and represents the clearest indicator of realized market value and recent transaction activity in 33175; this level, combined with a 295 median days on market, suggests slower sales velocity and that recent transactions have taken materially longer to close than typical fast-moving markets.

2. There is a pronounced gap between $899,000 median listing price and the median sold price, which may indicate pricing friction and seller expectations above realized values rather than market acceptance at asking prices.

3. down price year-over-year trend combined with a neutral market temperature implies the area is stabilizing after softening: expect cautious buyer negotiation and balanced conditions rather than aggressive upward pressure on prices.

4. $2,850 median market rent and a $421 median price per square foot continue to support investment and rental demand fundamentals, but elevated interest-rate pressure (noted at 6.3% for current 30-year fixed rates) represents a headwind; owners and investors should plan for higher financing costs when modeling cash flow and acquisition scenarios.

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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.

Miami, FL 33175 Real Estate Market Report

ZIP Code: 33175
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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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

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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 33175 area average 6.3%, reflecting the prevailing market environment for property owners in this region.

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 primary market value indicator is the median sold price of $299,950, which represents the most recent completed transactions and suggests current realized values for SFR and condo properties in 33175; with a long median days on market of 358, these sales reflect slower sales velocity and more time for buyers to negotiate than in tighter markets (slower transaction velocity).

2. There is a meaningful gap between the median listing price of $269,000 and the median sold price of $299,950, which may indicate listing strategies are misaligned with recent sale prices or selective seller acceptance—this pricing friction appears alongside the reported neutral market temperature, suggesting a balanced market rather than one-sided pressure.

3. Local market dynamics show prices are trending down year-over-year while rents are trending up, and the median market rent of $2,250 supports continued rental demand; investors should weigh softening sale prices against strengthening rent fundamentals (rent growth).

4. Elevated external cost pressures are present: interest rate pressure is described as elevated and local 30‑year fixed mortgage rates average 6.3%, which—coupled with the extended median days on market of 358—may suppress transaction volume and increase buyer negotiation leverage while keeping the broader market characterization balanced/neutral.

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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.