Miami, FL 33132 Real Estate Market Report

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

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

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

Property Taxes

Liquidity & Velocity

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. The neighborhood’s primary market indicator, the median sold price of $729,900, represents the most reliable signal of recent transaction value and suggests current comparable sales are settling below asking levels; use sold price for valuation when underwriting deals.
2. There is a meaningful spread between the median listing price of $750,000 and the median sold price of $729,900, which may indicate pricing friction and that sellers’ expectations remain slightly above realized sale outcomes.
3. Liquidity appears drawn out: the median days on market is 508, which points to slower sales velocity and suggests longer time-to-contract may be required for acceptable offers, even as transaction activity persists.
4. Market context is mixed—price momentum is reported as down year-over-year while rent growth is up, and the market temperature is characterized as neutral; together this suggests a stabilizing for-sale market with sustained rental demand and moderate interest rate pressure (30-year fixed ~6.4%), which buyers and investors should factor into hold vs. buy decisions.

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.