33156
Miami, Florida
Miami 33156 needs watching.
The 33156 ZIP code in Miami, Florida has a median sale price of $1.40M, down -17.5% year-over-year. Homes spend an average of 103 days on market, with 5% of homes selling above list price.
Folio's PropIQ™ score of 51 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 33156.
Miami's 33156 ZIP code shows significant price correction, with the median sale price reaching $1,395,000 after declining 17.5% year-over-year through February 2026. Market velocity has slowed considerably, with homes averaging 102.5 days on market and only 5% of properties selling above list price. This represents a marked shift from the previous seller-dominated conditions, as pricing power has clearly transferred to buyers navigating this luxury-tier segment.
The current metrics favor cash-positioned buyers and patient investors who can absorb the 102.5-day holding period while sellers remain in price discovery mode. The 17.5% annual decline creates entry points for purchasers who missed the 2021-2023 peak, particularly those seeking primary residences without timeline pressure. Sellers face challenging conditions unless priced 10-15% below recent comparables, given that 95% of transactions close at or below asking price.
The PropIQ score of 51 signals continued caution, suggesting stabilization has not yet occurred in this price band. The combination of triple-digit days-on-market and minimal above-ask sales indicates further downward price pressure through Q2 2026. Buyers should monitor month-over-month DOM trends and inventory levels, as improvement in either metric below current levels would signal an inflection point ahead of broader market recovery.
What is the median home price in 33156 Miami?
The median sale price in 33156 is $1.40M, down -17.5% year-over-year as of 2026-02-28.
How long do homes stay on the market in Miami 33156?
Homes in 33156 Miami spend an average of 103 days on market before going under contract.
Is Miami 33156 a good place to invest in real estate?
Folio's PropIQ™ score for 33156 is 51/100 — a Caution signal. 5% of homes sold above asking.
What does a PropIQ™ score of 51 mean for 33156?
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 51 = Caution in 33156 Miami, Florida.