33137
$899,000median sale price
The 33137 zip code, located in Bay Harbor Islands, FL, is currently classified as a buyer's market. The median sale price stands at $899,000, representing a +12.4% change year over year. Homes in this area spend an average of 155 days on the market before going under contract. There are currently 514 active listings in the area, which influences how much negotiating power buyers and sellers have.
Understanding zip-code-level data is essential for making informed real estate decisions. City-wide averages can mask significant variation between neighborhoods, and the 33137 market may perform differently from surrounding areas depending on local school quality, proximity to employment centers, and housing stock characteristics. The metrics below are sourced from Redfin transaction data, Zillow home value estimates, and U.S. Census Bureau demographic statistics.
Homes sold
105
Last 12 weeks
Days on market
155
Average pace
Active listings
514
Sale-to-list
94.5%
Below asking
Market trends
Market analysis for 33137
The 33137 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a buyer's market, homes are selling at approximately 94.5% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 33137 have increased +12.4% compared to last year, suggesting continued demand and potential for further appreciation. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 33137 stands at $664,079, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $3,517 per month. This gives a price-to-rent ratio of approximately 15.7, which sits in a moderate range where the buy-versus-rent decision depends heavily on individual financial circumstances and time horizon. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Community profile
Population
25,283
Median income
$71,348/yr
Median age
34.3 years
Owner-occupied
2630.0%
College grads
5090.0%
Avg commute
29.3 min
Living in 33137
Zip code 33137 is home to approximately 25,283 residents. The median household income is $71,348 per year, which shapes the types of homes and amenities available in the area. With a median age of 34.3 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 2630.0% of housing units are owner-occupied, indicating a stable, ownership-oriented community where residents have a vested interest in maintaining property values and neighborhood quality.
About 5090.0% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 29.3 minutes, which is close to the national average. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 33137.
Frequently asked questions about 33137
What is the median home price in 33137?
The current median sale price in 33137 is $899,000, based on recent Redfin transaction data. Prices have changed +12.4% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 33137 a buyer's or seller's market?
The 33137 zip code is currently classified as a buyer's market. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population and demographics of 33137?
Zip code 33137 has a population of approximately 25,283 residents. The median household income is $71,348 per year. About 2630.0% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 33137?
Properties Incorporated provides comprehensive data for 33137 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 33137 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
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