33177
Miami, Florida

Miami's 33177 ZIP code recorded a median sale price of $580,000 as of February 2026, marking a modest 3.0% year-over-year appreciation. Inventory is moving slowly, with properties averaging 103 days on market, significantly above the typical South Florida pace. Only 12% of homes are clearing above list price, indicating minimal competitive pressure and suggesting buyers hold negotiating leverage in this price segment.

This environment favors patient buyers with financing secured who can capitalize on the 103-day average DOM to conduct thorough due diligence and negotiate below-ask deals. The 12% above-list metric means 88% of transactions close at or below listing price, creating room for offer flexibility. Sellers facing timeline pressure are at a disadvantage, while investors seeking immediate cash flow should account for extended holding periods before acquisition.

The PropIQ score of 65 signals caution, reflecting vulnerability in price momentum and absorption rates that could deteriorate further if inventory accumulates. The 3.0% annual appreciation lags inflation-adjusted returns, suggesting capital appreciation alone may not justify investment without strong rental yields. Monitor new listing volume and days-on-market trends through Q2 2026—extension beyond 110 days would indicate price corrections are necessary to clear existing inventory.