Miami, FL 33176 Real Estate Market Report

ZIP Code: 33176
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The real estate market in Miami, FL (ZIP: 33176) is currently characterized by a median sold price of $780,168, reflecting a stable market environment. Although the specific historical sold price change percentage is not available, the market shows signs of modest price appreciation, as indicated by the year-over-year trend being up. This suggests that the area is maintaining its appeal, likely due to its desirable lifestyle offerings and robust demand.

Transaction activity appears to be moderate, with median days on market recorded at 235 days, indicating a slower sales velocity. The current conditions reveal elevated inventory levels, suggesting that there is excess supply relative to sales activity. This balance may create opportunities for buyers, while sellers may need to adjust their expectations to align with market realities.

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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.

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Key Findings

1. The median listing price stands at $1,167,500, indicating a significant gap compared to the median sold price, which may suggest pricing friction in the market.

2. With a median days on market of 235 days, the market is experiencing slower sales velocity, which may indicate a need for sellers to reassess their pricing strategies.

3. The median market rent is recorded at $2,700, reflecting strong growth in the rental market, which could attract investors looking for rental opportunities in the area.

4. The market temperature is currently neutral, suggesting a balanced market where neither buyers nor sellers have a distinct advantage.

5. Overall, the price year-over-year trend is up, indicating a strengthening market despite the elevated inventory levels.

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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.