33182
Miami, Florida

Miami's 33182 ZIP code shows a cooling market with a median sale price of $640,000, down 1.5% year-over-year as of February 2026. Homes are spending an average of 57.5 days on market, indicating slower absorption than the frenzied pace of previous years. Only 17% of properties are selling above list price, a significant contraction from peak competition levels and a clear signal that buyer urgency has diminished in this Fontainebleau-area market.

This environment favors patient buyers with financing already secured who can negotiate without facing bidding wars on 83% of listings. The 57.5-day market time creates room for inspection contingencies and price discussions that were impossible during tighter inventory periods. Sellers with equity cushions can still transact at $640,000 median levels, but those requiring quick exits or carrying recent purchase prices face margin compression from the 1.5% annual decline.

The PropIQ score of 60 signals caution rather than crisis, suggesting stabilization rather than freefall but warranting close monitoring of days-on-market trends. If DOM extends beyond 65 days in coming months or the percentage selling above list drops below 15%, further price softening becomes probable. Buyers should track new listing volume and price reduction frequency as leading indicators before committing capital to this transitional market phase.