33056
Miami, Florida
Miami 33056 needs watching.
The 33056 ZIP code in Miami, Florida has a median sale price of $492K, down -3.8% year-over-year. Homes spend an average of 85 days on market, with 18% of homes selling above list price.
Folio's PropIQ™ score of 60 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 33056.
ZIP 33056 shows contractionary conditions with a median sale price of $492,000, down 3.8% year-over-year as of February 2026. Homes are averaging 85 days on market, indicating slower absorption than Miami's pandemic-era peaks. Only 18% of properties are selling above list price, confirming diminished buyer urgency and a shift from the seller-dominated dynamics of previous years. This represents a normalization cycle after extended appreciation.
Price-sensitive buyers gain negotiating leverage in this environment, particularly those willing to wait through the 85-day average marketing period. The 82% of homes selling at or below list price creates room for offer strategies below asking. Sellers with flexible timelines can still transact near $492,000, but those requiring quick sales face pressure given the extended days on market. Investors seeking cash flow over appreciation may find better entry pricing than in 2024-2025.
The PropIQ score of 60 signals caution, suggesting further price weakness or extended timeline risks ahead. The 3.8% decline may not have completed its correction cycle, and days on market could extend beyond 85 if inventory increases. Monitoring month-over-month listing volume and the percentage selling below list price will indicate whether this market stabilizes or continues softening through Q2 2026.
What is the median home price in 33056 Miami?
The median sale price in 33056 is $492K, down -3.8% year-over-year as of 2026-02-28.
How long do homes stay on the market in Miami 33056?
Homes in 33056 Miami spend an average of 85 days on market before going under contract.
Is Miami 33056 a good place to invest in real estate?
Folio's PropIQ™ score for 33056 is 60/100 — a Caution signal. 18% of homes sold above asking.
What does a PropIQ™ score of 60 mean for 33056?
PropIQ™ is Folio's proprietary market score combining price momentum, days-on-market velocity, inventory absorption, and investment signals into a 0–100 number. Score of 60 = Caution in 33056 Miami, Florida.