Miami, FL 33175 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

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.

Property Taxes

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.

Market Trends & Context

Key Findings

1. The most representative recent sale shows a $578,000 median sold price, which should be treated as the primary indicator of market value and recent transaction activity for SFR and condo types in this ZIP.
2. There is a large spread between the $999,983 median listing price and the $578,000 median sold price, which suggests pricing friction and that sellers may need to align expectations with realized transaction levels; monitor for further listing reductions as inventory adjusts.
3. With a 281 median days on market, sales velocity appears slower than typical hot-market norms and may indicate more negotiation room for buyers; this slower turnover, combined with a neutral market temperature, points to a balanced-to-slightly-warm market where neither side has a strong pricing advantage.
4. Market fundamentals show an up price year-over-year trend and up rent year-over-year trend, while interest rate pressure is moderate; this combination favors long-term holders and investors expecting continued rental demand, but suggests buyers should price in financing sensitivity in the near term.

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.