33157
Miami, Florida

Miami's 33157 ZIP code records a median sale price of $710,000 as of February 2026, marking a 9.3% year-over-year increase that outpaces national averages but reflects deceleration from Miami's 2024-2025 peak growth rates. Properties remain on market for 84 days, substantially above the sub-60-day averages seen during the region's pandemic-era frenzy. Only 3% of homes sell above list price, indicating sellers no longer command bidding war premiums that characterized the previous cycle.

This environment favors patient buyers with financing secured and realistic price expectations, as the 84-day marketing period provides negotiation leverage absent in tighter markets. The 3% above-list figure means 97% of transactions close at or below ask, creating room for strategic offers on aging inventory. Sellers with equity from the 9.3% annual gain can still exit profitably, but those expecting 2021-2023 appreciation rates face extended timelines and likely concessions.

The PropIQ score of 55 signals caution rather than crisis, suggesting stabilization with downside risk if mortgage rates remain elevated or inventory continues accumulating. The 84-day absorption rate warrants monitoring—further extension beyond 90 days typically triggers price-cut cascades in Miami submarkets. Buyers should track new listing volume and seller concession trends monthly, as this moderate score historically precedes either re-acceleration or 5-10% corrections depending on credit conditions.