4-week rolling average · Data through March 12, 2026 · ZIP 33140
Miami Beach (33140) is showing a notable gap between the median list price of $825,400 and the median sale price of $3,900,000, suggesting that higher-end luxury properties are driving closed transactions well above the typical listing range. At $1,284.92 per square foot and an active inventory of 735 homes, the market leans cool with a temperature score of 29 and a median days on market of 80. This points to a deliberate, slower-paced market where buyers have options and sellers must price strategically.
| Beds | Sale Price | Rent |
|---|---|---|
| 1BR | $500K | $3K/mo |
| 2BR | $760K | $4K/mo |
| 3BR | $2.10M | $7K/mo |
| 4BR | $4.35M | $8K/mo |
| 5BR | $4.98M | — |
| 6BR | $4.95M | — |
| 7BR | $1.85M | — |
| 8BR | $2.50M | — |
With a median days on market of 80 and a cool market temperature score of 29, sellers should expect longer selling timelines and price their homes competitively from the start. The active inventory of 735 listings means buyers have plenty of choices, so presentation and accurate pricing at or near the $1,284.92 per square foot benchmark will be critical to standing out.
Buyers in Miami Beach (33140) are in a relatively favorable position, with 735 active listings and a median days on market of 80 giving them more time and leverage to negotiate. Prices vary significantly by bedroom count, ranging from $500,000 for a 1-bedroom to $4,980,000 for a 5-bedroom, so buyers should align their budget carefully with their space needs before making offers.
The median rent of $3,600 across 524 rental listings provides a baseline income potential, but investors should note that rental yields may be modest relative to sale prices, which reach $3,900,000 at the median closed transaction level. Smaller units may offer 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 than larger luxury properties.
The current 30-year mortgage rate of 6.00% and 15-year rate of 5.43% are key factors shaping affordability in a high-price market like Miami Beach, where even mid-range purchases can carry significant monthly obligations. Buyers who can qualify for the 15-year rate at 5.43% may find 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