33116
Miami, Florida
Miami 33116 needs watching.
The 33116 ZIP code in Miami, Florida has a median sale price of $230K, down -15.2% year-over-year. Homes spend an average of 107 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 33116.
ZIP code 33116 shows significant price deterioration with a median sale price of $230,000, down 15.2% year-over-year as of February 2026. Homes are averaging 107 days on market, indicating weak buyer demand and substantial inventory absorption challenges. The market has shifted decisively to buyers, with zero homes selling above list price—a clear signal that sellers have lost pricing power and properties are trading at or below asking prices.
Price-sensitive first-time buyers gain maximum leverage in this environment, with extended negotiation windows given the 107-day marketing period. Cash investors seeking rental yields should analyze whether the 15.2% price decline has created defensible cap rates, though deteriorating fundamentals warrant caution. Sellers face unfavorable conditions and should consider delaying transactions unless circumstances force immediate liquidation at discounted valuations.
The PropIQ score of 41/100 signals elevated risk and suggests further downward pressure may persist. With no homes commanding premiums and extended days-on-market stretching beyond three months, price discovery remains incomplete. Monitor whether days-on-market stabilizes or continues expanding—acceleration beyond 120 days would indicate deeper distress, while contraction below 90 days could signal a bottoming process beginning.
What is the median home price in 33116 Miami?
The median sale price in 33116 is $230K, down -15.2% year-over-year as of 2026-02-28.
How long do homes stay on the market in Miami 33116?
Homes in 33116 Miami spend an average of 107 days on market before going under contract.
Is Miami 33116 a good place to invest in real estate?
Folio's PropIQ™ score for 33116 is 41/100 — a Caution signal. 0% of homes sold above asking.
What does a PropIQ™ score of 41 mean for 33116?
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 33116 Miami, Florida.