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Club Row Downtown Downtown Miami (Downtown) Edgewater (Wynwood) Media and Entertainment District Miami Central Business District (Central Business District) Miami Government District (Government Center) Miami Jewelry District (Jewelry District) Midtown Park West Performing Arts District Port of Miami (Dodge Island)

MIAMI, FL 33132

Real Estate Market Report  ·  Miami-Dade County
Buyer's Market
March 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 33132

Club Row · Downtown · Downtown Miami (Downtown) · Edgewater (Wynwood) · Media and Entertainment District · Miami Central Business District (Central Business District) · Miami Government District (Government Center) · Miami Jewelry District (Jewelry District) · Midtown · Park West · Performing Arts District · Port of Miami (Dodge Island)

Market Analysis

Data as of March 2026. Source: Realtor.com.

The MIAMI, FL real estate market (33132) currently shows 823 active listings, with 59 pending sales. Homes are averaging 110 days on the market before going under contract.

Inventory has increased compared to last year, with 14 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 110 days on market compared to 97 days last year.

The median listing price has fallen 8.8% year-over-year, from $685,000 to $625,000.

Whether you are buying or selling in MIAMI, FL, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 17,136  ·  Density: 4,378.2/mi²  ·  Median household income: $101,518

Typical home value: $533,266  ·  Homeownership: 24.8%

Market Overview

Active Listings
823
⇧ 1.7% vs 809 last year
Pending
59
7% pending ratio
Median Price
$625,000
⇩ 8.8% vs $685,000 last year
Average Price
$1,288,704
⇧ 4.3% vs $1,235,007 last year
Days on Market
110
⇧ 13.4% vs 97 days last year

Price Per Square Foot

Median $/sqft
$736
⇧ 2.6% vs $717/sqft last year
Median Home Size
916 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 823 this year vs 809 last year
  • Days on market: 110 now vs 97 last year

Median & Average Pricing

Year over Year
  • Median: $625,000 (-8.8% YoY)
  • Average: $1,288,704 (+4.3% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 7.9 miles — 6,093 listings ($13,246,848,434 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
33132Miami, FL 331320.0 mi824$1,067,025,616$630,000$1,294,934
33139Miami Beach, FL 331391.5 mi1,370$3,626,700,990$549,000$2,647,227
33130Miami, FL 331301.9 mi569$540,560,811$649,675$950,019
33109Miami Beach, FL 331092.3 mi62$1,034,314,628$11,965,000$16,682,494
33137Miami, FL 331372.7 mi702$1,153,078,524$844,475$1,642,562
33140Miami Beach, FL 331403.5 mi667$2,009,004,667$850,000$3,012,001
33135Miami, FL 331353.9 mi89$81,778,896$821,500$918,864
33145Miami, FL 331454.1 mi165$162,067,950$850,000$982,230
33133Miami, FL 331335.4 mi427$1,547,103,411$1,999,000$3,623,193
33141Miami Beach, FL 331415.5 mi720$1,247,425,200$549,222$1,732,535
33134Miami, FL 331346.3 mi267$482,718,111$1,218,613$1,807,933
33146Miami, FL 331467.3 mi89$244,893,646$1,809,475$2,751,614
33126Miami, FL 331267.9 mi142$50,175,984$300,000$353,352

Frequently Asked Questions

How many homes are for sale in MIAMI, FL 33132?

As of March 2026, there are 823 active listings in MIAMI, FL (zip code 33132), compared to 809 the prior year.

What is the median home price in MIAMI, FL 33132?

The median listing price in MIAMI, FL 33132 is $625,000 as of March 2026, a 8.8% decrease from $685,000 the prior year.

How long do homes stay on the market in MIAMI, FL?

Homes in MIAMI, FL 33132 spend an average of 110 days on the market before going under contract, compared to 97 days the prior year.

Is it a seller's or buyer's market in MIAMI, FL 33132?

Based on current inventory and days-on-market data as of March 2026, MIAMI, FL 33132 is currently a Buyer's Market. Inventory has increased compared to last year, with 14 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 110 days on market compared to 97 days last year.

How much can I save on real estate commission in MIAMI, FL?

With SELL123.com's maximum 3% commission, sellers in MIAMI, FL 33132 save an estimated $12,500 compared to a typical 5% commission on the median listing price of $625,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.