Miami, FL 33177 Real Estate Market Report

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

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Executive Overview

The median sold price in Miami, FL (ZIP: 33177) is $579,999.5, reflecting a recalibration in the local real estate market. This downward trend in home values suggests a decrease in market activity, with the overall market temperature being classified as cold. The market appears to be experiencing longer selling times, with properties averaging 257 days on market, indicating a shift towards a more buyer-friendly environment.

Despite the cooling in home values, the local economy shows resilience, with growth in consumer spending and the tech sector. The median listing price stands at $595,000, which indicates a notable gap between seller expectations and actual market transactions. This pricing friction may suggest that sellers need to adjust their expectations in light of the current market dynamics.

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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 Miami, FL 33177 are averaging 6.38%, which is 0.29% lower than the average rate of 6.67% observed a year ago.

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. $579,999.5 is the median sold price, indicating a decrease in home values.

2. The 257 days on market reflects a slower sales velocity, suggesting longer wait times for sellers.

3. The median listing price of $595,000 creates a pricing friction compared to the median sold price.

4. Market temperature is classified as cold, indicating weak demand relative to supply.

5. The median market rent is $2,530, which has shown an up trend year-over-year.

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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.