North Miami, FL 33167 Real Estate Market Report

ZIP Code: 33167
Report Date: March 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of March 2026, the North Miami market (ZIP: 33167) reflects a median sold price of $488,500, indicating a significant shift in market dynamics. The neighborhood has decreased 8% since 2022, suggesting a cooling trend in buyer activity and overall market value. This decline in sold prices, coupled with a median listing price of $534,999, points to a notable pricing gap that may create challenges for sellers in achieving their expectations.

The current market environment is characterized by elevated inventory levels and a median days on market of 311, indicating slower sales velocity and a potential shift toward a more buyer-favored balance. With elevated interest rate pressure and a neutral market temperature, the conditions suggest that buyers may have more leverage in negotiations, while sellers may need to adjust their pricing strategies to align with current market realities.

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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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the North Miami FL market average around 5.96% APR, which is 0.92% lower than the average rate of 6.88% seen one year ago.

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 $488,500 reflects a 8% decrease since 2022, indicating a softening market.

2. With a median listing price of $534,999, the pricing gap suggests potential pricing friction for sellers.

3. The median days on market of 311 indicates slower sales velocity and prolonged listing periods.

4. Current elevated inventory levels relative to sales activity may lead to excess supply in the market.

5. The median market rent stands at $2,530, reflecting a downward trend in rental prices compared to previous periods.

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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.