Miami, FL 33186 Real Estate Market Report

ZIP Code: 33186
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: 33186) is currently $599,000, reflecting a market that has seen a down trend in pricing. This indicates a 8% decrease since 2022, suggesting a shift in buyer sentiment and market dynamics. The overall inventory conditions show elevated levels, with sales activity moderating, leading to longer selling times with a median of 207 days on market. This extended duration may indicate a cooling market where buyers are taking more time to make decisions, resulting in a more balanced environment compared to previous years of rapid appreciation.

In this current landscape, the median listing price stands at $650,000, which creates a notable gap between asking prices and sold prices. This discrepancy may reflect seller expectations that are not fully aligned with current market realities. The market temperature is classified as neutral, indicating a balance between supply and demand, although the elevated inventory levels suggest that buyers have more options available, potentially leading to further price adjustments in the near future.

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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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the Miami area around 5.94% to 6.18% are slightly lower than the early 2026 average of 6.18% to 6.375%, presenting a small cost opportunity for property owners.

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. $599,000 is the median sold price, indicating a down trend in pricing since 2022.

2. The median days on market is 207, suggesting slower sales velocity and extended selling times.

3. With a median listing price of $650,000, there is a significant pricing gap that may create pricing friction for sellers.

4. The market temperature is neutral, reflecting a balance between buyer demand and available inventory.

5. The median market rent is $3,130, which remains flat year-over-year, indicating stable rental conditions.

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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.