Miami, FL 33177 Real Estate Market Report

ZIP Code: 33177
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

---

Executive Overview

As of February 2026, the real estate market in Miami, FL (ZIP: 33177) is characterized by a median sold price of $583,000, reflecting a market that has experienced a slight downward trend in home values. This indicates a shift towards a more balanced market where buyers may find opportunities to negotiate below list prices. The neighborhood has decreased 8% since 2022, highlighting the ongoing adjustments in pricing as the market stabilizes amidst elevated interest rates and changing buyer sentiment.

Transaction activity appears moderate, with 199 days as the median days on market, suggesting slower sales velocity and a potential excess supply relative to sales activity. The median listing price stands at $637,450, which creates a notable pricing gap that may signal seller expectations not aligning with current market realities. Overall, the market temperature is classified as neutral, indicating a balanced environment where both buyers and sellers are adjusting to the evolving landscape.

---

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

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.

---

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.

false

---

Liquidity & Velocity

---

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 area average around 5.8% to 6.28% in February 2026, which is slightly higher than recent lows near 5.69% seen just days ago.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

---

Key Findings

1. The median sold price of $583,000 suggests a market adjusting to buyer preferences and economic conditions.

2. With a median days on market of 199, sales velocity appears slower, indicating potential weak buyer engagement.

3. The median listing price of $637,450 reflects elevated seller expectations compared to current market realities.

4. Year-over-year trends show a down trajectory in both home prices and rental rates, suggesting a softening market.

5. Elevated interest rates are contributing to pressure on sales volume, impacting overall market liquidity.

---

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.