Miami, FL 33179 Real Estate Market Report

ZIP Code: 33179
Report Date: March 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 (ZIP: 33179) stands at $567,500, reflecting the actual market transactions and providing a clearer picture of the current market dynamics. With a median listing price of $699,000, there is a notable gap between seller expectations and buyer willingness, which may indicate pricing friction in the market. Homes are currently taking a median of 363 days on market, suggesting a slower sales velocity and a potential shift towards a more balanced market as inventory levels remain elevated relative to sales activity.

Overall, the market temperature is classified as neutral, indicating a transition from previous hot conditions. While some segments may be experiencing price declines, the broader area shows a mix of pricing signals. Elevated interest rate pressure, with current mortgage rates averaging between 6.11% and 6.30%, continues to impact buyer sentiment, contributing to the slower transaction volume observed in recent months.

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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 the Miami market average around 6.11% to 6.30% as of mid-March 2026, which is approximately 0.34% to 0.55% lower than rates seen one year prior in 2025.

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 $567,500 indicates a significant gap with the median listing price of $699,000, suggesting potential pricing friction in the market.

2. With homes taking a median of 363 days on market, the market is experiencing slower sales velocity compared to previous periods.

3. Current mortgage rates are between 6.11% and 6.30%, reflecting elevated interest rate pressure that may be affecting buyer activity.

4. The market temperature is neutral, indicating a balanced market with mixed signals regarding pricing and sales activity.

5. Rental rates have shown a year-over-year trend of down stabilization, indicating a potential easing in rental demand.

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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.