Real Estate Market Update for 33138 (Miami, FL)

Video: Real Estate Community Tour for 33138 (Miami, FL)

See Real estate community tour for 33138 (Miami, FL)
Welcome to December's Market Update. Let’s take a look at residential real-estate activity in your area during the month of November. The number of active listings was down 9% from one year earlier, and down 3% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was 560-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 11%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 470-thousand dollars. The number of units sold decreased 27% year-over-year, and decreased 33% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for 33138 (Miami, FL)
Area Information for 33138 (Miami, FL)
  • Population: 29,984
  • Median Age: 41.84 yr
  • Median Commute Time: 30 mins
  • Educational Climate*: 3
  • Sales Tax: 6%
  • Population Density: 7,110/sq mi
  • Population Change Since 2000: 3.53%
  • Closest Airport: Miami International
  • Closest College: Barry University
  • Closest Jr. College: Ati College Of Health
  • Median Household Income: $47,330
  • Annual Residential Turnover: 19%
  • Median Home Sales Price: $318,850
  • Closest Major Sports Team: Miami Heat
  • Change Avg. Household Income Since 2000: 50.23%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 33138 (Miami, FL)
Median Age: 41.84 Married: 28% Number of Households: 12,676 Households with Children: 3,140
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 33138 (Miami, FL)

      School Name Distance Type Grades School Rating Parent Rating
      The French-american School Of Miami 0.1 mi Private - 0 0
      Phyllis R. Miller Elementary School 0.3 mi Public PRESCHOOL-5 2 3
      Miami Shores Presbyterian Church School 0.5 mi Private PRESCHOOL-5 0 1
      Stars Learning Day Care Iii 0.7 mi Private - 0 0
      Miami Shores Community Church School 0.8 mi Private PRESCHOOL-5 0 0
      Bola Childcare And Learning Center 0.8 mi Private - 0 0
      Yvonne Learning Center 1.0 mi Private PRESCHOOL-12 0 0
      Miami Shores Elementary School 1.1 mi Public PRESCHOOL-5 2 0
      St Rose Of Lima School 1.2 mi Catholic PRESCHOOL-8 0 0
      Abc Learning Center 1.2 mi Private - 0 0
      Morningside K-8 Academy 1.3 mi Public PRESCHOOL-8 2 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2016. School Performance data by School Review data by
      Local Weather for 33138 (Miami, FL)
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.