Miami, FL 33132 Real Estate Market Report

ZIP Code: 33132
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: This ZIP code has limited single-family residential (SFR) inventory. Metrics are based primarily on other residential property types (e.g. condos/townhomes) as a proxy, so treat SFR conclusions as directional rather than precise.

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Executive Overview

As of April 2026, the real estate market in Miami, FL (ZIP: 33132) is characterized by a median sold price of $499,900, reflecting a stable market with modest appreciation. The market appears to have increased in value, although specific historical price change data is not available for reference. The median listing price stands at $719,900, indicating a significant gap between seller expectations and actual transaction prices, which may suggest pricing friction in the current market environment.

Transaction activity shows signs of moderation, with median days on market reaching 569 days, indicating slower sales velocity. The inventory conditions reveal elevated levels of supply relative to sales activity, which may contribute to a more balanced market. Overall, the market temperature is classified as neutral, suggesting that while there is some upward pressure on prices, the balance between supply and demand remains stable, providing a conducive environment for both buyers and sellers.

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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.

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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.

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Rental Market

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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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.

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Key Findings

1. The median sold price of $499,900 indicates a stable market with modest appreciation, although historical price change data is unavailable.

2. With a median days on market of 569, the market is experiencing slower sales velocity, suggesting potential pricing friction.

3. The median listing price of $719,900 shows a significant gap compared to the sold price, indicating seller expectations may be misaligned with current market realities.

4. Elevated inventory levels relative to sales activity suggest an excess supply, which may lead to a more balanced market environment.

5. The rental market is renter-friendly, with a median market rent of $2,880, indicating declining rents and supporting housing demand.

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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.