33149
Miami, Florida
Miami 33149 needs watching.
The 33149 ZIP code in Miami, Florida has a median sale price of $1.67M, up +14.0% year-over-year. Homes spend an average of 118 days on market, with 5% of homes selling above list price.
Folio's PropIQ™ score of 61 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 33149.
The 33149 Miami market shows a median sale price of $1,667,250 with a robust 14.0% year-over-year appreciation, indicating sustained demand in this luxury coastal segment. However, momentum indicators reveal friction: homes are averaging 117.5 days on market, well above the sub-60-day benchmark typical of balanced luxury markets. Only 5% of transactions close above list price, suggesting sellers maintain pricing power but face extended negotiation periods before achieving premium exits.
This environment favors patient sellers with holding capacity and no urgency to liquidate, as the 14.0% annual gain compensates for the four-month marketing timeline. Buyers gain negotiating leverage from the 117.5-day absorption rate, with 95% of closings at or below ask providing room for structured offers and contingencies. Speculative investors face headwinds given the extended liquidity cycle, while owner-occupiers can capitalize on diminished bidding war intensity despite continued price appreciation.
The PropIQ score of 61 signals caution, reflecting the divergence between strong price growth and weakening velocity metrics that often precedes market recalibration. The 117.5-day inventory cycle combined with minimal above-ask closings suggests demand is softening faster than pricing has adjusted. Monitoring the trajectory of days-on-market and the percentage of price reductions among active listings will provide early indicators of whether appreciation sustains or corrects toward historical mean reversion.
What is the median home price in 33149 Miami?
The median sale price in 33149 is $1.67M, up +14.0% year-over-year as of 2026-02-28.
How long do homes stay on the market in Miami 33149?
Homes in 33149 Miami spend an average of 118 days on market before going under contract.
Is Miami 33149 a good place to invest in real estate?
Folio's PropIQ™ score for 33149 is 61/100 — a Caution signal. 5% of homes sold above asking.
What does a PropIQ™ score of 61 mean for 33149?
PropIQ™ is Folio's proprietary market score combining price momentum, days-on-market velocity, inventory absorption, and investment signals into a 0–100 number. Score of 61 = Caution in 33149 Miami, Florida.