33122
Miami, Florida

Miami's 33122 ZIP code posted a median sale price of $1,986,500 as of February 2026, reflecting a substantial 13.5% year-over-year increase in a luxury-tier segment. Properties are averaging 83.5 days on market, indicating measured absorption rather than the rapid turnover seen in heated buyer competition. Notably, zero homes have closed above asking price, signaling that sellers hold limited pricing power despite the double-digit annual appreciation, creating a disconnect between historical momentum and current transaction dynamics.

This environment favors patient buyers with substantial capital who can negotiate at or below list price given the 0% above-ask close rate. Sellers who purchased before the recent appreciation cycle can still capture meaningful gains from the 13.5% annual increase, but must price realistically given the 83-day marketing period. Investors seeking immediate cash flow or quick flips face headwinds, as the extended days-on-market metric suggests buyers are conducting thorough due diligence rather than making urgency-driven offers in this price range.

The PropIQ score of 55/100 indicates transitional market conditions where recent price gains may not sustain at current velocity. With no above-list sales and inventory sitting for nearly three months, buyer leverage is increasing while seller expectations remain anchored to last year's appreciation. Monitor absorption rates and any expansion beyond 90 days on market, which would confirm a shift toward buyer control and potential price moderation in coming quarters.