Miami, FL 33179 Real Estate Market Report

ZIP Code: 33179
Report Date: May 2026
Market Temperature: COLD
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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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 Cold market indicates weak buyer demand relative to available inventory, typically characterized by declining or flat prices, extended days on market, and elevated inventory levels relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the Miami 33179 market average approximately 6.25%, reflecting the prevailing interest rate environment for property owners in this area as of May 2026.

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. median sold price: 570,150 is the best indicator of recent market value in ZIP 33179 and, given it sits notably below the median listing price: 670,000, may indicate a persistent pricing gap where seller expectations exceed realized transaction prices and downward price pressure appears present.

2. median days on market: 370 reflects materially slower sales velocity and suggests cold market conditions that may prolong time-to-close and increase negotiation leverage for buyers.

3. Market-level signals show the market temperature: cold combined with a price year-over-year trend: down and interest rate pressure: elevated (current 30-year fixed mortgage rate ~6.25%), which together suggest cautious buyer behavior and potential near-term downward price risk; sellers should adjust expectations accordingly.

4. median market rent: 2,250 alongside a rent year-over-year trend: up indicates rental demand strength and rising rents, which may support buy-to-rent strategies or investor interest in select SFR and condominium opportunities despite softer for-sale dynamics.

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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.

Miami, FL 33179 Real Estate Market Report

ZIP Code: 33179
Report Date: May 2026
Market Temperature: COLD
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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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 Cold market indicates weak buyer demand relative to available inventory, typically characterized by declining or flat prices, extended days on market, and elevated inventory levels relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the Miami 33179 market average approximately 6.25%, reflecting the prevailing interest rate environment for property owners in this area as of May 2026.

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 neighborhood's primary market signal is the median sold price of 179,900, which indicates recent transaction-level value and, combined with a median days on market of 389, suggests slower sales velocity and extended time to close compared with typical rapid-turn markets.

2. There is a price disconnect between the median listing price of 194,500 and the median sold price of 179,900, which may indicate seller pricing optimism and creates pricing friction that buyers can use to negotiate toward transaction prices.

3. Market-level indicators show prices are trending down and the market temperature is cold, which together with elevated interest rate pressure and the long median days on market suggests caution for sellers and opportunity for patient buyers.

4. Rental and financing context matters: median market rent is 2,000 and current 30-year fixed mortgage rates average approximately 6.25%; with rents trending up and interest rate pressure elevated, investors should weigh rising rental income against higher financing costs when underwriting acquisitions.

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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.