Miami, FL 33176 Real Estate Market Report

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

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

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.

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

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

Key Findings

1. The primary indicator of market value is the median sold price, which is 685,370; this level, when viewed alongside a median listing price of 1,290,000, suggests a meaningful gap between asking and realized prices that may indicate pricing friction or seller overreach in some segments.
2. Liquidity appears muted given a median days on market of 232, which points to slower sales velocity and longer holding periods; with elevated inventory relative to sales activity, sellers may need to price competitively or offer concessions to achieve timely closings.
3. Price momentum is positive citywide with the price year-over-year trend reported as up, while the rental market shows moderation with a median market rent of 2,200 and a rent year-over-year trend of down; investors should weigh softer rent growth against rising sale prices before underwriting acquisitions.
4. Financing conditions are a headwind: interest rate pressure is elevated and local 30-year fixed rates average approximately 6.46%, which may suppress buyer purchasing power and extend time-to-contract; consider structuring deals with flexible financing contingencies or pricing buffers to maintain marketability.

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.