4-week rolling average · Data through March 12, 2026 · ZIP 33140
Miami Beach (33140) shows a striking gap between the median list price of $799,000 and the median sale price of $3,900,000, signaling that luxury closings are heavily skewing results well above typical listing ranges. At $1,306.91 per square foot with 723 active listings and a competition score of just 13, this is a deliberate and slow-paced market where buyers hold meaningful leverage.
| Beds | Sale Price | Rent |
|---|---|---|
| 1BR | $500K | $3K/mo |
| 2BR | $760K | $4K/mo |
| 3BR | $2.10M | $7K/mo |
| 4BR | $4.40M | $9K/mo |
| 5BR | $4.75M | — |
| 6BR | $4.95M | — |
| 7BR | $1.55M | — |
| 8BR | $2.50M | — |
With a median days on market of 98 and 723 active listings giving buyers plenty of options, sellers in Miami Beach (33140) should price precisely from day one using the $1,306.91 per square foot benchmark as a guide. Extended timelines are the norm here, so patience and accurate pricing are essential to attracting serious offers.
Buyers in Miami Beach (33140) are well positioned, with 723 active listings and a median days on market of 98 providing ample time to evaluate options and negotiate favorable terms. Sale prices range widely by bedroom count, from $390,000 for a studio to $4,400,000 for a 4-bedroom, so aligning your budget carefully with your space needs before making an offer is critical.
The median rent of $3,700 across 501 rental listings offers a baseline income picture, though yields are modest relative to the $3,900,000 median sale price for closed transactions. Smaller units present more accessible entry points, with 1-bedroom rents at $3,100 against a $500,000 purchase price, offering a more favorable rent-to-price ratio compared to larger luxury properties.
The current 30-year mortgage rate of 6.37% adds significant monthly cost pressure in a high-price market like Miami Beach, where even mid-range purchases carry substantial financing obligations. Buyers who can qualify for the 15-year rate of 5.72% may capture meaningful interest savings over the life of the loan, though the higher monthly payments require strong income qualifications.
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Market intelligence by FarmPosts