33109
Miami, Florida
Miami 33109 needs watching.
The 33109 ZIP code in Miami, Florida has a median sale price of $5.58M, down -41.3% year-over-year. Homes spend an average of 77 days on market, with 0% of homes selling above list price.
Folio's PropIQ™ score of 41 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 33109.
Miami's 33109 ZIP code shows significant price contraction with a median sale price of $5.575 million, down 41.3% year-over-year as of February 2026. Homes are averaging 77 days on market, indicating extended selling timelines in this ultra-luxury segment. Zero properties sold above list price during the measured period, confirming strong buyer leverage and suggesting sellers must meet market-adjusted pricing to secure transactions.
This environment favors cash-heavy buyers with patience to negotiate in the luxury sector. The 41.3% price decline creates entry points for investors willing to hold through market uncertainty, particularly those targeting Miami Beach properties that historically traded above current levels. Sellers face difficult conditions and should avoid listing unless willing to accept substantial discounts from 2024-2025 valuations.
The PropIQ score of 41/100 signals continued caution, suggesting further price discovery may be necessary before stabilization. With 77-day absorption rates and zero above-ask sales, the data indicates insufficient demand at current price points. Monitoring quarterly sales velocity and tracking whether days-on-market contracts below 60 days will signal when buyer confidence returns to this luxury coastal segment.
What is the median home price in 33109 Miami?
The median sale price in 33109 is $5.58M, down -41.3% year-over-year as of 2026-02-28.
How long do homes stay on the market in Miami 33109?
Homes in 33109 Miami spend an average of 77 days on market before going under contract.
Is Miami 33109 a good place to invest in real estate?
Folio's PropIQ™ score for 33109 is 41/100 — a Caution signal. 0% of homes sold above asking.
What does a PropIQ™ score of 41 mean for 33109?
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 41 = Caution in 33109 Miami, Florida.