North Miami Beach, 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 North Miami Beach stands at $546,500, reflecting a market that has shown signs of cooling. This price point suggests a shift away from previous seller dominance, as the neighborhood has decreased 8% since 2022. The current market dynamics indicate longer median days on market at 326 days, which may suggest slower sales velocity and a potential adjustment in buyer expectations.

With elevated inventory levels relative to sales activity, the market appears to be balancing, though affordability remains a concern due to elevated interest rates and rising insurance costs. The overall market temperature is classified as neutral, indicating a stable environment where pricing friction may persist as buyers and sellers adjust to the current economic landscape.

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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 North Miami Beach, FL, around 5.96% are slightly higher than the national average of 5.94% from late February 2026, but significantly lower than the 2023 peak of nearly 8%.

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 $546,500 indicates a decrease in market value, reflecting a shift in buyer sentiment.

2. With 326 days as the median days on market, properties are experiencing slower sales velocity, suggesting potential pricing adjustments.

3. The median listing price of $665,000 shows a significant gap compared to the sold price, indicating potential pricing friction in the market.

4. The median market rent of $2,582 is down, which may further impact buyer demand and investment interest.

5. Current interest rates around 5.96% are elevated, contributing to affordability challenges for potential buyers.

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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.