Miami, FL 33179 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 neighborhood's primary market indicator is the median sold price of 535,000, which represents the most reliable measure of realized value and recent transaction activity in the ZIP code.
2. There is a notable gap between the median listing price of 730,000 and the median sold price of 535,000, which may indicate pricing friction and elevated seller expectations relative to completed transactions; market conditions appear to favor buyers given the down price trend.
3. Market liquidity is slow: the median days on market is 327, suggesting cold market temperature and slower sales velocity despite steady local economic drivers.
4. External pressures are constraining buying power — interest rate pressure is elevated and local mortgage pricing shows a current 30-year fixed rate near 6.46%, while rent and price trends are both down, indicating caution for investors and owner-occupiers.

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.