33160
Miami, Florida
Miami 33160 needs watching.
The 33160 ZIP code in Miami, Florida has a median sale price of $450K, down -28.0% year-over-year. Homes spend an average of 168 days on market, with 2% of homes selling above list price.
Folio's PropIQ™ score of 41 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 33160.
ZIP code 33160 is experiencing significant market correction, with the median sale price at $450,000 representing a steep 28% year-over-year decline. Homes are sitting on the market for an average of 168 days, more than five months, indicating weak buyer demand and challenging liquidity conditions. Only 2% of properties are selling above asking price, confirming that sellers hold minimal negotiating leverage in current transactions.
This environment strongly favors patient cash buyers and bargain-focused investors who can absorb the extended timeline. The 28% price reduction creates entry opportunities for those who missed previous cycles, while the 168-day average DOM allows for extended due diligence and aggressive negotiation below list price. Sellers face unfavorable conditions and should avoid listing unless relocation or financial circumstances require immediate sale.
The PropIQ score of 41 signals continued caution, suggesting price discovery remains incomplete and further softening is possible before stabilization occurs. Buyers should monitor whether days-on-market begins decreasing and above-list sales exceed 10% before assuming a bottom has formed. Current data points indicate this remains a declining market where waiting typically favors purchasers over premature entry.
What is the median home price in 33160 Miami?
The median sale price in 33160 is $450K, down -28.0% year-over-year as of 2026-02-28.
How long do homes stay on the market in Miami 33160?
Homes in 33160 Miami spend an average of 168 days on market before going under contract.
Is Miami 33160 a good place to invest in real estate?
Folio's PropIQ™ score for 33160 is 41/100 — a Caution signal. 2% of homes sold above asking.
What does a PropIQ™ score of 41 mean for 33160?
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 41 = Caution in 33160 Miami, Florida.