33012
Miami, Florida

ZIP code 33012 shows cooling momentum with a median sale price of $355,000, down 3.4% year-over-year as of February 2026. Homes are averaging 73 days on market, suggesting moderate buyer hesitation compared to peak-market velocities. Only 11% of properties are selling above list price, indicating limited bidding competition and a shift toward buyer leverage in negotiations. This deceleration marks a clear departure from the appreciation patterns that characterized Miami's pandemic-era surge.

Price-sensitive buyers gain tactical advantage in this environment, particularly those willing to negotiate during the extended 73-day marketing window. The 3.4% price decline creates entry points for primary residence purchasers who were previously priced out, though investor returns face compression given the negative price trajectory. Sellers with equity buffers and flexible timelines can still transact near $355,000, but those requiring quick exits or carrying recent purchases may encounter margin pressure.

The PropIQ score of 55 signals caution rather than crisis, suggesting stabilization rather than freefall but warranting close monitoring of days-on-market trends. If DOM extends beyond 80 days while the 11% above-list metric deteriorates further, price discovery could shift another 2-3% downward. Inventory absorption rates and mortgage rate movements through Q2 2026 will determine whether this represents temporary correction or sustained revaluation.