Miami, FL 33177 Real Estate Market Report

ZIP Code: 33177
Report Date: February 2026
Market Temperature: COLD
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: 33177) reflects a median sold price of $582,000, indicating a recalibration in market values. Notably, the market has experienced a downward trend in pricing, which may suggest a shift in buyer sentiment and overall demand dynamics. The neighborhood has decreased 8% since 2022, highlighting a significant adjustment in property valuations over the past year.

Transaction activity appears to be moderate, with 207 median days on market, indicating slower sales velocity and potential pricing friction. The current inventory conditions show elevated levels, with excess supply relative to sales activity, which may further influence buyer negotiations and market dynamics. Despite these trends, the premium segments continue to attract strong demand, particularly from high-end wealth migration, which supports certain price points within the market.

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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

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Market Trends & Context

Understanding Market Temperature

A Cold market indicates weak buyer demand relative to available inventory, typically characterized by declining or flat prices, extended days on market, and elevated inventory levels 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 33177 area average around 5.50% to 6.18% as of February 2026, which is notably lower than the 6.85% average seen one year prior.

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 $582,000 reflects a recalibration in market values, having decreased 8% since 2022.

2. With 207 median days on market, the market is experiencing slower sales velocity, indicating potential pricing friction for sellers.

3. Elevated inventory levels suggest excess supply relative to sales activity, which may create opportunities for buyers to negotiate better terms.

4. The median market rent stands at $2,530, indicating a softening rental market that may benefit renters in the area.

5. Current interest rate pressure is moderate, with 30-year fixed mortgage rates averaging between 5.50% and 6.18%, which is an improvement from the previous year's rates.

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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.