33146
Miami, Florida

# Miami 33146 Market Report

The 33146 ZIP code records a median sale price of $1,570,000 as of February 2026, reflecting a 5.0% year-over-year appreciation in a luxury segment that continues to attract capital despite broader headwinds. Properties are averaging 87.5 days on market, nearly triple the 30-day benchmark typical of high-demand markets, signaling extended inventory absorption. Notably, zero homes are closing above list price, indicating buyers hold negotiating leverage and sellers must price at or below market to secure transactions.

This environment favors patient buyers with strong liquidity who can capitalize on the 87.5-day inventory sit time to conduct thorough due diligence and negotiate terms. Sellers facing timeline pressure should avoid this market, as the 0% above-ask close rate demonstrates no bidding competition exists. Investors seeking immediate appreciation should look elsewhere, though the 5.0% annual gain suggests stability for long-term holders willing to tolerate slower turnover in this price tier.

The PropIQ score of 55 signals caution, suggesting current momentum may not sustain without demand catalysts emerging in coming quarters. The combination of extended days-on-market and zero premium sales indicates inventory could accumulate if interest rates remain elevated or if the luxury buyer pool contracts. Monitor month-over-month listing volume and price reduction frequency as leading indicators of whether this market tightens or softens through mid-2026.