Miami, FL 33168 Real Estate Market Report

ZIP Code: 33168
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The median sold price in Miami, FL 33168 is currently $475,000, reflecting a modest adjustment in market value. This indicates a market that has decreased slightly in recent months, as the overall trend shows a slight decrease in this ZIP code. The market is experiencing a shift towards more neutral conditions, with elevated inventory levels impacting transaction velocity. The current median listing price stands at $580,000, suggesting a notable gap between seller expectations and actual market performance, which may indicate pricing friction as sellers adjust to the evolving market dynamics.

Transaction activity is characterized by a median of 297 days on market, indicating slower sales velocity and a potential need for price adjustments to attract buyers. The market temperature is currently classified as neutral, which suggests a balanced environment where supply and demand are relatively aligned, albeit with elevated inventory levels relative to sales activity. This context may lead to opportunities for buyers who are navigating a market that is adjusting to higher interest rates and affordability challenges.

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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

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.

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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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Miami, FL 33168 are averaging 6.46%, which is 0.24% higher than the average of 6.22% recorded a year ago.

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

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Key Findings

1. The median sold price of $475,000 indicates a slight decrease in market value, suggesting softening conditions.

2. With a median days on market of 297, the market is experiencing slower sales velocity and potential pricing adjustments.

3. The median listing price of $580,000 shows a significant gap compared to the sold price, indicating pricing friction in the market.

4. Current market conditions are classified as neutral, reflecting a balanced supply and demand dynamic.

5. Elevated interest rate pressure is impacting affordability, with current mortgage rates averaging 6.46%, which is higher than last year's average.

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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.