33137
Miami, Florida

Miami's 33137 ZIP code shows a median sale price of $899,000 as of February 2026, marking a robust 12.4% year-over-year appreciation. However, inventory is moving slower than premium markets, with properties averaging 155 days on market. Only 2% of homes are selling above asking price, indicating limited bidding competition despite the double-digit price growth. This disconnect between price appreciation and sluggish absorption suggests sellers maintain pricing power while buyers exercise extended due diligence periods.

The 155-day marketing period favors patient buyers who can negotiate without competitive pressure, particularly those seeking properties in the $800,000-$1,000,000 range where inventory likely concentrates. Sellers who purchased before early 2025 have captured the 12.4% gain and face optimal exit conditions before momentum shifts. Investors should approach cautiously given the 51 PropIQ score, as the risk-reward profile doesn't support aggressive acquisition strategies when only 2% of transactions clear asking price despite substantial price growth.

The PropIQ score of 51 signals neutral-to-negative forward momentum, suggesting the 12.4% appreciation rate is unlikely to sustain through 2026. Extended days-on-market combined with minimal above-ask sales indicates demand softening while sellers defend elevated pricing. Monitor monthly sales velocity and price-cut frequency closely—if DOM extends beyond 180 days or list price reductions exceed 20% of active inventory, expect median prices to compress 5-8% by year-end.