Miami, FL 33157 Real Estate Market Report

ZIP Code: 33157
Report Date: June 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

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.

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Key Findings

1. The primary market value signal is the median sold price of $620,000, which reflects completed transactions and indicates recent neighborhood market value (representative recent sale) rather than asking expectations.

2. Pricing friction is evident: the median listing price of $750,000 sits above the median sold price, which suggests sellers are listing above what buyers are paying and may result in concessions or negotiated price reductions down.

3. Liquidity is slow: the median days on market of 229 indicates extended time-to-contract and a slower sales velocity, which may increase negotiating leverage for buyers and prolong holding costs for sellers.

4. Market fundamentals show elevated affordability pressure: the median price per square foot of $402 combined with a median market rent of $2,600 occurs alongside rent year-over-year trend down and elevated interest rate pressure elevated, suggesting cap rate compression is not supported by stronger rental growth and financing costs remain a headwind.

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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 33157 Real Estate Market Report

ZIP Code: 33157
Report Date: June 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

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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.

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Key Findings

1. The neighborhood’s primary market signal is the median sold price of $304,000, which represents the representative recent sale level and should guide valuation more than asking prices; use sold transactions for pricing decisions given listing/sold dispersion.

2. There is a notable gap between the median listing price of $182,000 and the median sold price of $304,000, which may indicate pricing friction between seller expectations and completed transactions and suggests caution when setting list prices.

3. Market velocity is slow as indicated by the median days on market of 317, which corresponds to slower sales velocity and may require longer marketing periods or more competitive pricing to achieve timely closings.

4. Macro and income-side pressures are evident: price year-over-year trend is reported as down and rent year-over-year trend is reported as down, while interest rate pressure is elevated; these combined signals suggest softening demand and constrained affordability, so buyers may have negotiating leverage and investors should stress-test financing assumptions.

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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.