The Downtown Miami zip code area 33132 currently has 1059 active listings with 126 median days on the market. The median listing price is $474,370. After a precipitous drop in November 2018, median sold prices continue their steady climb; however, rising inventory levels could be signalling another price adjustment for this area.
Housing Market Trends – Sold vs Listed
Understand the difference between “listing prices” (what sellers are asking for) and “sold prices” (what buyers are willing to pay). By comparing these price trends, you’ll have a good idea of where the market is heading. The median listing and sold property prices are calculated based on the market activity each month.
Housing Inventory Trends
The number of active listings in MIAMI (33132) increased by 118.1% from the previous month. The median number of days active properties have been listed is 126. This is much longer than the national average. The number of sales in April dropped by 41.7% from the previous month.
MIAMI (33132) has a high % of unoccupied properties. It is 14.9% more than the national average. This can drive sales prices down. The percent of owner occupied properties in MIAMI (33132) is 40.39% below the national average. The percent of rental properties in MIAMI (33132) is 28.29% above the national average which is typical for urban areas.
Downtown Miami’s zip code area 33132 includes the north part of the Historic District, the Performing Arts District and Edgewater east of Midtown. It covers 1.69 square miles with approximately 11,000 full-time residents (as of the 2010 census).
Miami listings last updated Jun 8, 2019 7:27 a.m. Some sales are not immediately available from public records. As they become available, the data are updated.Neighborhood and sold information provided by Onboard Informatics © 2019 Onboard informatics. Information deemed reliable but not guaranteed.