Miami, FL Real Estate Market

Sellers in 33132 should set realistic expectations, as the market is cool with a competition score of just 16 and homes spending a median of 94 days on market. Pricing competitively at or near the median of $600,000 will be essential to attracting buyers in a market with 911 active listings.

Buyers have a clear advantage in 33132, where the cool market score of 16 and 94 median days on market mean there is time to evaluate options without intense competition. With 911 active listings and a median price of $600,000, buyers have meaningful selection and real negotiating leverage.

Investors should note that the median rent in 33132 is $3,500 per month, with 866 rental units currently active, indicating a substantial rental pool in this Miami market. A 2-bedroom home sells for $790,000 while renting for $4,500 per month, so investors should model cash flow carefully against the current 30-year mortgage rate of 6.37%.

The current 30-year fixed mortgage rate of 6.37% meaningfully impacts affordability at a median sale price of $600,000 in this market. Buyers who qualify for the 15-year fixed rate at 5.72% can reduce total interest paid significantly, though the higher monthly payments require careful budgeting at this price point.