33134
Miami, Florida

Miami's 33134 ZIP code shows a median sale price of $1,120,000 as of February 2026, reflecting a substantial 13.5% year-over-year gain despite an extended 94-day average time on market. Only 6% of homes are trading above list price, indicating buyers maintain negotiating leverage even as prices climb. The market exhibits characteristics of slower absorption paired with continued price appreciation, a pattern that suggests selective buyer activity rather than broad-based demand.

This environment favors patient buyers with strong financing who can afford the $1.1 million entry point and are willing to negotiate through the three-month selling cycle. Sellers who purchased before the recent 13.5% appreciation window can still extract equity gains, though the 94-day marketing period and minimal above-list transactions mean pricing discipline is essential. Investors seeking immediate flip opportunities face headwinds given the extended timeline and limited bidding competition.

The PropIQ intelligence score of 65 signals caution, suggesting current price momentum may not sustain at 13.5% annual rates given the inventory absorption dynamics. The 94-day marketing period—substantially above rapid-market benchmarks—bears monitoring for further extension, which would indicate weakening demand at current price levels. Buyers should watch for increased price reduction activity, while sellers may face a narrowing window to capitalize on the trailing twelve-month appreciation before market equilibrium resets.