33129
Miami, Florida
Miami 33129 needs watching.
The 33129 ZIP code in Miami, Florida has a median sale price of $771K, down -9.4% year-over-year. Homes spend an average of 116 days on market, with 4% 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 33129.
ZIP code 33129 shows clear buyer advantage with a median sale price of $770,500, down 9.4% year-over-year as of February 2026. Properties are averaging 115.5 days on market, nearly double the pace of stronger Miami submarkets. Only 4% of homes are selling above list price, indicating minimal competition and weak seller pricing power. This price correction follows years of rapid appreciation in this Brickell-adjacent corridor, now facing inventory absorption challenges.
Buyers with patience and cash reserves are positioned to extract concessions in this environment. The 115-day marketing period provides leverage for inspection contingencies and price negotiations that were unavailable 18 months ago. Investors seeking rental yields rather than appreciation can acquire assets below 2025 peaks, while sellers face the difficult choice between accepting current pricing or waiting for market stabilization with carrying costs accumulating during the extended sale timeline.
The PropIQ score of 45 signals continued caution, suggesting the downward repricing may not be complete. With only 4% of transactions exceeding list price, competitive tension remains absent from this micromarket. Buyers should monitor month-over-month inventory levels and days-on-market trends through Q2 2026, as further DOM expansion above 120 days would indicate additional price discovery ahead. Sellers must decide whether spring inventory increases will compress pricing further.
What is the median home price in 33129 Miami?
The median sale price in 33129 is $771K, down -9.4% year-over-year as of 2026-02-28.
How long do homes stay on the market in Miami 33129?
Homes in 33129 Miami spend an average of 116 days on market before going under contract.
Is Miami 33129 a good place to invest in real estate?
Folio's PropIQ™ score for 33129 is 45/100 — a Caution signal. 4% of homes sold above asking.
What does a PropIQ™ score of 45 mean for 33129?
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 33129 Miami, Florida.