33167
Miami, Florida

Miami's 33167 ZIP code shows a cooling market with a median sale price of $487,500, down 3.5% year-over-year as of February 2026. Homes are averaging 113 days on market, indicating extended selling timelines compared to the heated conditions of recent years. Only 13% of properties are commanding above-list prices, confirming reduced buyer urgency and a shift toward negotiation-favorable conditions for purchasers rather than the bidding wars that characterized previous periods.

This environment favors patient buyers with financing secured and flexibility on closing timelines, as the 113-day average DOM suggests room for price negotiations on properties lingering past 90 days. The 3.5% price decline creates entry points for first-time buyers previously priced out, though the sub-15% above-list metric indicates limited competition for well-priced inventory. Sellers face headwinds and should expect longer marketing periods unless pricing 5-8% below recent comps to generate activity within 60 days.

The PropIQ score of 51 signals caution, suggesting neither strong appreciation nor severe decline ahead, but rather continued sideways price action through mid-2026. Buyers should monitor whether days-on-market extends beyond 120, which would indicate further softening and potential for additional 2-4% price erosion. The sub-average intelligence score warrants watching inventory levels monthly, as any supply surge below current demand could push the market into buyer-dominant territory by Q3 2026.