33133
Miami, Florida

Miami's 33133 ZIP code recorded a $1.7 million median sale price as of February 2026, marking a substantial 21.6% year-over-year increase that outpaces most South Florida submarkets. Properties are averaging 113 days on market, indicating moderating demand despite the price appreciation. Only 4% of homes are selling above list price, a significant shift from the competitive bidding environment that characterized 2024-2025, suggesting buyers now have marginally improved negotiating position in this price tier.

This market currently favors patient buyers with significant capital reserves who can absorb the extended 113-day marketing period while avoiding bidding wars. Sellers who purchased before 2024 can still capitalize on the 21.6% annual gain, though the 4% above-list metric indicates they should set realistic pricing expectations. The sub-$2 million luxury segment benefits most, as the median price point attracts both domestic upgraders and international buyers seeking Miami exposure without ultra-luxury premiums.

The PropIQ score of 51 signals caution, suggesting the 21.6% price surge may be reaching unsustainable levels given the lengthening days on market and minimal over-list activity. Watch for inventory accumulation in Q2 2026, as the divergence between rapid price appreciation and slower absorption typically precedes correction or stagnation. Buyers should monitor month-over-month price changes rather than the trailing annual figure to identify when momentum definitively shifts.