Miami, FL 33176 Real Estate Market Report

ZIP Code: 33176
Report Date: May 2026
Market Temperature: NEUTRAL
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.

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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 neighborhood's primary market signal is the median sold price of $844,500, which serves as the representative recent sale and indicates transaction-level market value; this sits notably below the median listing price of $1,134,889, suggesting a meaningful gap between seller asking expectations and completed sale outcomes and pricing friction may persist.

2. Liquidity appears slower: the median days on market of 246 signals extended time-to-contract and suggests reduced sales velocity even as the market temperature remains neutral, which may indicate a balanced market rather than a one-sided advantage.

3. Supply context is showing relatively elevated active supply relative to sales activity in the analyzed sample, which may explain the gap between asking and sold levels; coupled with the market trend showing price year-over-year trend: down, sellers should expect negotiation pressure if pricing remains at listing levels.

4. Rents are strengthening and could support investor interest: the median market rent of $2,250 is on an upward trajectory (rent year-over-year trend: up), but elevated financing costs (interest rate pressure: elevated) may constrain new purchases—investors should model higher carrying costs and focus on properties where the rent profile and price per square foot (the median price per square foot of $445) justify acquisition under current rates.

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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.

Miami, FL 33176 Real Estate Market Report

ZIP Code: 33176
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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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

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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. Median sold price: $280,000 is the primary indicator of recent market value and reflects realized transactions in 33176; despite being the key transaction signal, the broader price year-over-year trend is down, suggesting recent softening rather than growth.

2. Median days on market: 407 points to materially slower sales velocity and may indicate increased pricing friction or longer negotiation periods; paired with a neutral market temperature, this suggests a balanced market that is taking longer to clear inventory.

3. Median listing price: $275,000 sits close to the median sold price, which may indicate limited gap between seller expectations and recent transaction prices, but the presence of elevated interest rate pressure remains a downside risk to buyer affordability and could prolong time-to-contract.

4. Median price per square foot: $294 and median market rent: $2,000 together show rental demand is supporting valuation fundamentals while rent year-over-year trend is up; investors should weigh slower sales velocity against improving rental income when considering acquisitions in this ZIP code.

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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.