Miami, FL 33175 Real Estate Market Report

ZIP Code: 33175
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of February 2026, the real estate market in Miami, FL (ZIP: 33175) is characterized by a median sold price of $694,000, reflecting the actual transaction values in the area. This figure serves as a crucial indicator of market activity, particularly as the broader market stabilizes after a cooling period. The neighborhood has experienced a general trend toward balance, although localized price declines are noted, contrasting with overall price appreciation in other areas of Miami.

Market liquidity appears to be impacted by 207 median days on market, indicating slower sales velocity and a potential adjustment period for buyers and sellers. The current inventory conditions suggest elevated inventory levels, with excess supply relative to sales activity, which may indicate pricing friction as sellers adjust expectations in a shifting market environment. Overall, the market temperature remains neutral, suggesting a balanced state but with caution warranted due to longer selling times and softening rental markets across the metro area.

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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 market average around 5.87% to 6.50% compared to the 2025 average of 6.66%, presenting a cost opportunity for recent borrowers.

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 $694,000 indicates a significant gap from the median listing price of $899,997.50, suggesting potential pricing friction as sellers may need to adjust expectations.

2. With 207 median days on market, the area is experiencing slower sales velocity, which may impact buyer urgency and negotiation dynamics.

3. The median market rent stands at $3,050, reflecting a down trend in rental markets, which could influence buyer sentiment toward purchasing versus renting.

4. Current interest rate pressure is classified as elevated, which may deter some potential buyers and affect overall market activity.

5. The market temperature remains neutral, indicating a balanced state but with caution advised due to the elevated inventory levels relative to sales.

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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.