Miami, FL 33196 Real Estate Market Report

ZIP Code: 33196
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of April 2026, the real estate market in Miami, FL (ZIP: 33196) is characterized by a median sold price of $608,000, reflecting a stable environment for single-family homes. The neighborhood has increased up since 2023, indicating a positive trend in property values. The median listing price stands at $660,000, suggesting a notable gap between seller expectations and actual market transactions, which may create pricing friction for potential buyers.

Market activity appears to be moderated by elevated inventory levels, with a median days on market of 317 days, indicating slower sales velocity. This extended time frame may suggest that buyers are taking a more cautious approach, influenced by moderate interest rate pressure. Overall, the market temperature is assessed as neutral, reflecting a balance between supply and demand, although the excess supply relative to sales activity could lead to further adjustments in pricing dynamics.

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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. $608,000 median sold price indicates a stable market with recent price appreciation up.

2. The $660,000 median listing price suggests potential pricing friction as it exceeds the median sold price.

3. 317 days on market reflects slower sales velocity, indicating a cautious buyer sentiment.

4. The market temperature is neutral, suggesting a balanced environment between supply and demand.

5. Elevated inventory levels may lead to adjustments in pricing dynamics as buyers navigate the current market 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.