4-week rolling average · Data through March 12, 2026 · ZIP 33132
Miami's 33132 zip code is running hot with a market temperature score of 85 and a median sale price of $765,000, which notably exceeds the median list price of $625,000, signaling strong buyer competition and frequent above-ask transactions. With only 17 median days on market and 933 active listings, demand is outpacing supply at a rapid pace. At $652.17 per square foot, pricing reflects the premium nature of this urban Miami market.
| Beds | Sale Price | Rent |
|---|---|---|
| 1BR | $495K | $3K/mo |
| 2BR | $790K | $5K/mo |
| 3BR | $1.50M | $8K/mo |
| 4BR | $5M | $9K/mo |
| 5BR | $4.70M | — |
| 6BR | $5.60M | — |
Sellers are in a strong position as homes are closing at $765,000 on average against a median list price of $625,000, suggesting buyers are willing to bid well above asking. With just 17 median days on market, well-priced listings are moving quickly and sellers can expect minimal time sitting on the market.
Buyers should be prepared to act fast and come in competitively, as the median sale price of $765,000 is running $140,000 above the median list price of $625,000 in this market. With 933 active listings available, there is some selection, but the hot market temperature of 85 out of 100 means competition remains fierce.
Investors will find a compelling rental market in 33132, where the median rent sits at $3,600 per month and 829 rental units are currently active, indicating strong renter demand. A 2-bedroom rental fetches $4,700 per month against a median 2-bedroom sale price of $790,000, which investors should model carefully against a 6% 30-year mortgage rate to evaluate cash flow potential.
The current 30-year fixed mortgage rate stands at 6% and the 15-year fixed rate is at 5.43%, which directly impacts affordability given Miami's median sale price of $765,000. Buyers who can qualify for the 15-year rate at 5.43% will save significantly on interest over the life of the loan, though the higher monthly payments require careful financial planning at this price point.
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Market intelligence by FarmPosts