Miami, FL 33186 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

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. $503,000 median sold price is the primary indicator of recent market value and transaction activity in ZIP 33186, and recent trend data shows prices are up, suggesting modest appreciation rather than sharp movement.
2. There is a notable spread between the median listing price of $597,500 and the median sold price of $503,000, which may indicate pricing friction and greater room for buyer negotiation as sellers’ expectations outpace recent transaction prices.
3. The median days on market of 244 points to slower sales velocity and suggests moderate liquidity pressure; combined with a neutral market temperature, this appears to be a more balanced environment with elevated inventory relative to sales activity.
4. Local unit economics show a median price per square foot of $344 alongside a median market rent of $2,900, while rent trends are down; interest rate pressure is assessed as moderate, and current mortgage context notes that Current 30-year fixed mortgage rates in Miami, FL, are approximately 6.5% compared to the 5.6% average seen earlier in 2026, indicating that property owners who secured loans during that period currently hold a favorable interest rate.

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.