33135
Miami, Florida

ZIP code 33135 in Miami shows measured appreciation with a median sale price of $607,500, up 2.1% year-over-year, trailing both inflation and broader Miami metrics. Homes are averaging 98 days on market, indicating softened buyer urgency compared to the sub-60-day turnover seen in competitive segments. Only 6% of properties are closing above asking price, signaling that bidding wars have largely evaporated and sellers hold limited pricing power in current negotiations.

This environment favors patient buyers willing to negotiate, particularly those targeting primary residences with financing contingencies that would have been rejected in tighter conditions. The 98-day marketing period provides adequate time for thorough due diligence without pressure. Sellers with equity cushions and flexible timelines can still exit successfully, but those requiring quick sales or testing premium pricing face measurable headwinds given the single-digit above-ask close rate.

The PropIQ score of 61 signals caution rather than distress, suggesting stabilization at modest growth rates rather than correction. Key monitoring points include days-on-market trajectory—further extension beyond 100 days would indicate demand deterioration—and the percentage of listings accepting price reductions. The 2.1% appreciation rate may compress if inventory accumulates faster than absorption, particularly if mortgage rates remain elevated through Q2 2026.