Miami, FL 33177 Real Estate Market Report

ZIP Code: 33177
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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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 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 Miami, FL, are averaging 6.4% compared to the 5.9% average seen earlier in 2026, indicating that property owners who secured loans earlier this year locked in more favorable terms.

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. Median sold price $588,000 is the best current indicator of market value and recent transactions in 33177; this level, combined with a higher asking context where the median listing price $610,400 exceeds the median sold price, suggests pricing friction between seller expectations and completed sales, which may be keeping some listings on market longer.

2. Median days on market 260 points to materially slower sales velocity than seasonal norms and may indicate increased time required to transact; this slower pace, together with a neutral market temperature, suggests balanced-to-cooling liquidity rather than a rapid turnaround environment.

3. Median price per square foot $360 establishes local value density for SFR and condo stock and should be used as the primary comparator for price adjustments; given the prolonged median days on market, sellers considering competitiveness may need to align list pricing and condition to this per-square-foot benchmark.

4. Median market rent $2,800 and a rent year-over-year trend of up indicate improving rental income fundamentals, while elevated interest rate pressure and a noted 30-year fixed average of 6.4% compared to earlier 5.9% suggests financing cost headwinds; investors should weigh stronger rent dynamics against higher borrowing costs when assessing buy-and-hold opportunities.

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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.

Miami, FL 33177 Real Estate Market Report

ZIP Code: 33177
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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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 Miami, FL, are averaging 6.4% compared to the 5.9% average seen earlier in 2026, indicating that property owners who secured loans earlier this year locked in more favorable terms.

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 neighborhood's primary market value indicator, the median sold price, is $570,000, which anchors recent transaction pricing and, given the price year-over-year trend is down, suggests modest softening in comparable sale values rather than rapid depreciation.

2. Liquidity signals point to slower sales velocity: the median days on market is 358, which indicates longer holding periods and moderate pricing friction that may require sellers to be more patient or adjust expectations to achieve transactions.

3. Supply conditions in the analyzed sample appear as a relatively constrained active supply, which, combined with a neutral market temperature (neutral), suggests a balanced market where pricing power is muted and negotiated outcomes may favor careful valuation and marketing strategies.

4. Rental and financing context supports investor interest but raises caution: the median market rent is $1,400 and rent year-over-year trend is up, while interest rate pressure is elevated (current 30-year fixed rates averaging 6.4% versus 5.9% earlier in 2026), suggesting rents are strengthening but financing costs are higher for new buyers or refinancers.

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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.