MEDIAN SALE PRICE
$1.05M
▲ 7.7% YoY
MEDIAN $/SF
$969
per sqft
ACTIVE INVENTORY
17
for sale
DAYS ON MARKET
196
▼ 137 days YoY
MONTHS OF SUPPLY
11.3
active ÷ 12mo sales pace
MARKET PULSE
0.18
Buyer's market
Price cuts (trailing 30d): 3 · 17.6% of active · maturing to a full 30-day share
MEDIAN SALE PRICE OVER TIME
MARKET PULSE
33040
BUYER'S ADVANTAGE
Today 0.18 · Miami-Dade County 0.16
MARKET SUMMARY · 12 MONTHS
| Median sale price | $1.05M | |
| Median $/SF | $969 | |
| Median days on market | 196 | |
| Total sales (12mo) | 2 | |
| New listings (12mo) | 3 | |
| Sold ÷ list price | 92.8% | |
| Sold below list | 100% | |
| Sale-to-just-value COUNTY | — | 1.28× |
| Owner-occupied COUNTY | — | 56.8% |
TIER HEALTH
Price-tier breakdown is published only for markets with 30+ active for-sale listings, so each tier's median clears the min-sample threshold (§2.2b · §7.4). This market reports at the summary level above.
WHAT LISTING SITES CAN'T SEE PUBLIC RECORDS · RECORDED DEEDS
56.8%
Owner-occupied (homestead) COUNTY
1.28×
Sale-to-just-value ratio COUNTY
37.8%
Homes sold, 10-yr COUNTY
+0.9%
Appreciation YTD · $/SF COUNTY CLOSED SALES
Appreciation YTD compares the median price per square foot of closed sales so far this year against the same period last year. Price per square foot rather than median price, because a median price moves with which homes sold — over this span South Beach ran +1.9% on median price but −4.3% per square foot. Effective tax rate: modeling in progress — the county roll carries no millage field, so we show “—” rather than an estimate.
TOP NBHDS · MEDIAN PRICE
| No sub-markets with data yet |
FASTEST SELLING · DOM
| No sub-markets with days-on-market yet |
ZIP PERFORMANCE · $/SF
| No sub-markets with $/SF yet |
RENTAL MARKET for-lease · separate from the for-sale figures above
$2,200/mo
Median asking rent
4
Active rentals
—
New listings (30d)
76
Median days on market
MARKET NARRATIVE
The for-sale market in 33040, Miami-Dade County, is carrying 17 active listings this week at a median list price of $1,799,000. Fresh supply arrived over the past month — 2 new listings — against 3 pending sales, putting the market pulse at 0.18, a buyer's market. Homes are taking a median of 168 days on market. For context, Miami-Dade County runs at a 0.16 pulse. If inventory keeps outpacing contracts, buyers gain room to negotiate.
Generated from this week's snapshot · every figure cited appears on this page
FREQUENTLY ASKED · 33040
How much do homes cost in 33040?
The median sale price in 33040 is $1.05M over the trailing 90 days, and the median list price is $1,799,000.
Is 33040 a buyer's or seller's market?
33040 is currently a buyer's market. Its market pulse — pending sales divided by active listings — is 0.18; readings at or above 0.60 favor sellers and below 0.40 favor buyers.
How many homes are for sale in 33040?
There are 17 active for-sale listings in 33040 as of snapshot 2026-W39, updated weekly.
How long do homes take to sell in 33040?
Homes in 33040 spend a median of 196 days on market.
What is the price per square foot in 33040?
The median list price per square foot in 33040 is $969.
What share of 33040 homes are owner-occupied?
About 56.8% of homes in surrounding Miami-Dade County are owner-occupied (homestead), per public property records — the county-level figure is shown because homestead data isn't published at the neighborhood level.
How often do homes sell in 33040?
About 37.8% of homes in surrounding Miami-Dade County have changed hands over the past decade — roughly 3.8% per year — based on qualified arm's-length sales in public deed records. The county figure is shown because deed-level turnover isn't computed at the neighborhood level.
How long do homeowners typically own in 33040?
Homeownership in Miami-Dade County skews long-term: only about 38% of homes had a qualified sale in the past decade, so roughly 62% of owners have held 10+ years, per public deed records.
Are home prices in 33040 rising or falling?
The median sale price in 33040 is $1.05M, up 7.7% year over year. Figures compare the trailing 90 days to the same period a year earlier.
How much housing inventory does 33040 have?
33040 has about 11.3 months of supply — active for-sale listings divided by the average monthly pace of closed sales over the trailing 12 months. Below roughly six months typically favors sellers; above it favors buyers.
Every figure above appears elsewhere on this page · snapshot 2026-W39.