33106
Miami, Florida
Miami 33106 needs watching.
The 33106 ZIP code in Miami, Florida has a median sale price of $795K, down -47.0% year-over-year. Homes spend an average of 182 days on market, with 0% of homes selling above list price.
Folio's PropIQ™ score of 45 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 33106.
ZIP 33106 is experiencing severe market correction, with the median sale price dropping 47.0% year-over-year to $795,000 as of February 2026. Properties are sitting for an extended 182 days on market, more than triple the pace of balanced conditions. Most concerning, zero percent of homes are selling above list price, indicating buyers hold complete negotiating leverage and sellers are struggling to achieve valuations from the previous cycle.
This environment heavily favors cash-position buyers who can absorb the 182-day transaction timeline and negotiate aggressively in a market where no properties command premium pricing. Patient investors seeking entry points below replacement cost may find opportunities, though the 47% decline suggests continued downward pressure. Sellers face the weakest position in years and should avoid listing unless absolutely necessary, as current conditions virtually guarantee accepting below-ask offers.
The PropIQ score of 45/100 signals sustained caution ahead, suggesting the market has not found a floor despite the significant repricing already absorbed. With days-on-market elevated and zero competitive tension, expect continued price discovery through Q2 2026. Monitor month-over-month sale price stabilization and DOM reduction below 120 days as early indicators of equilibrium returning to this distressed segment.
What is the median home price in 33106 Miami?
The median sale price in 33106 is $795K, down -47.0% year-over-year as of 2026-02-28.
How long do homes stay on the market in Miami 33106?
Homes in 33106 Miami spend an average of 182 days on market before going under contract.
Is Miami 33106 a good place to invest in real estate?
Folio's PropIQ™ score for 33106 is 45/100 — a Caution signal. 0% of homes sold above asking.
What does a PropIQ™ score of 45 mean for 33106?
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 45 = Caution in 33106 Miami, Florida.