North Miami, FL 33168 Real Estate Market Report

ZIP Code: 33168
Report Date: May 2026
Market Temperature: COLD
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

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.

---

Market Trends & Context

Understanding Market Temperature

A Cold market indicates weak buyer demand relative to available inventory, typically characterized by declining or flat prices, extended days on market, and elevated inventory levels relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in North Miami, FL, are averaging 6.37%, reflecting the prevailing market environment for property owners in this area as of May 2026.

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 value is reflected by the median sold price of $475,000, which, combined with the price year-over-year trend being down, indicates realized transaction values are soft relative to asking; this makes the median sold price the most reliable indicator of current market value and recent liquidity.

2. Slower sales velocity is evident from the median days on market of 317, consistent with a cold market temperature and suggesting longer listing periods and increased time-to-contract for typical SFR and condominium transactions.

3. There is clear pricing friction between seller expectations and closed transactions: the median listing price of $590,000 sits well above the median sold price of $475,000, which—together with elevated inventory relative to sales activity—may indicate sellers need to align pricing to clear inventory.

4. Rental and financing context favors buy-side cashflow but constrains purchase affordability: the median market rent is $2,600 and rent trends are up, while elevated interest rate pressure and current 30-year fixed mortgage rates averaging 6.37% may dampen purchase demand despite strengthening rental dynamics.

---

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.