33184
Miami, Florida

Miami's 33184 ZIP code shows a median sale price of $606,000 as of February 2026, reflecting modest appreciation of 1.3% year-over-year. Homes are averaging 66 days on market, indicating a measured pace that contrasts sharply with the pandemic-era frenzy. Only 8% of properties are selling above list price, confirming that bidding wars have largely evaporated and sellers hold limited pricing power in current conditions.

This environment favors patient buyers with financing secured and flexibility on timing. The 66-day market absorption period provides room for thorough due diligence and negotiation leverage, particularly since 92% of sales close at or below asking price. Sellers with equity positions established before 2022 can still extract gains, but those who purchased at peak valuations face compressed margins. Investors seeking cash flow should scrutinize cap rates carefully given the marginal price growth.

The PropIQ score of 65 signals caution rather than distress, suggesting stability without momentum. The 1.3% appreciation barely outpaces inflation, indicating price discovery remains incomplete in this post-correction phase. Monitor days-on-market trends and the percentage selling above list; if these metrics deteriorate further over the next quarter, expect additional price softening before any sustained recovery materializes.