Miami, FL 33132 Real Estate Market Report
ZIP Code: 33132
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.
Market Overview
This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Market Metrics
Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Rental Market
Property Taxes
Liquidity & Velocity
Market Trends & Context
Understanding Market Temperature
A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.
Current Mortgage Rate Context
Market-level mortgage rate comparison for this area:
Current 30-year fixed mortgage rates in the 33132 area average 6.3% as of May 2026, reflecting a volatile market environment compared to earlier 2026 lows near 5.87%.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
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The primary market value indicator is the median sold price of 585,000, which anchors recent transaction activity and suggests realized pricing is below asking; this gap between the median listing price of 626,500 and the median sold price may indicate pricing friction between seller expectations and closed transactions.
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Liquidity appears slow given the median days on market of 517, which suggests longer marketing periods and slower sales velocity despite the marketTemperature being neutral — sellers should expect extended time to close and buyers may have more negotiation leverage.
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Price momentum is negative with the price year-over-year trend listed as down, while rent dynamics also show a downward signal with the rent year-over-year trend as down; paired with elevated interestRatePressure described as elevated, financing costs are a headwind for buyer purchasing power.
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Unit-level valuation context: the median price per square foot is 527 and the median market rent is 3,500, which together frame current valuation and rental income expectations; given the neutral marketTemperature and elevated interestRatePressure, investors should approach near-term acquisitions with caution and prioritize deals with clear cash-flow or strategic upside.
Notable Properties
The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold above market average
Sold above market average
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Sold below market average
Sold at market average
Miami, FL 33132 Real Estate Market Report
ZIP Code: 33132
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.
Market Overview
This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Market Metrics
Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Rental Market
Property Taxes
Liquidity & Velocity
Market Trends & Context
Understanding Market Temperature
A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.
Current Mortgage Rate Context
Market-level mortgage rate comparison for this area:
Current 30-year fixed mortgage rates in the 33132 area average 6.3% as of May 2026, reflecting a volatile market environment compared to earlier 2026 lows near 5.87%.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
-
The neighborhood's primary market value indicator is the median sold price of 585,000, which should be treated as the representative recent sale benchmark and suggests realized transaction values are below the median listing price of 626,500, indicating potential pricing friction between seller expectations and final sale outcomes.
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Liquidity appears muted: the median days on market is 517, which points to slower sales velocity and suggests that elevated listing-to-sale time may be exerting downward pressure on realized prices; this slower pace may indicate sellers need to be more price-flexible to transact.
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Price momentum shows a downturn: the price year-over-year trend is down while the market temperature is characterized as neutral, implying stabilization around lower price levels rather than a rapid market swing; sellers should be mindful of recent downward pressure when pricing.
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Financing and rental context are headwinds: interest rate pressure is listed as elevated and property rate commentary notes Current 30-year fixed mortgage rates in the 33132 area average 6.3% as of May 2026, while median market rent is 3,500 with rent year-over-year trend down, together suggesting constrained buyer purchasing power and modest softening in rent-driven investor returns.
Notable Properties
The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold above market average
Sold above market average
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Sold below market average
Sold at market average
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.3% rate, 1.7% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 5/1/2026
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