Real Estate Market Update for 33157 (Miami, FL)
Welcome to November'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 33% from one year earlier, and down 17% 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 just over 310-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 12%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was 220-thousand dollars. The number of units sold decreased 26% year-over-year, and decreased 32% 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 33157 (Miami, FL)
Area Information for 33157 (Miami, FL)
  • Population: 65,983
  • Median Age: 38.04 yr
  • Median Commute Time: 29.22 mins
  • Educational Climate*: 3
  • Sales Tax: 7%
  • Population Density: 4,452/sq mi
  • Population Change Since 2000: 7.88%
  • Closest Airport: Miami International
  • Closest College: Miami-dade College-kendall Campus
  • Closest Jr. College: College Of Business-technology-kandell
  • Median Household Income: $62,819
  • Annual Residential Turnover: 18.19%
  • Median Years in Residence: 2.98 yr
  • Median Home Sales Price: $125,000
  • Closest Major Sports Team: Marlins
  • Change Avg. Household Income Since 2000: 32%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 33157 (Miami, FL)
Median Age: 38.04 Married: 32% Number of Households: 21,746 Households with Children: 9,395
Community:
    • 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 33157 (Miami, FL)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Winhold Montessori Schools 0.3 mi Private PRESCHOOL-K 0 0
      Perrine Sda Elementary School 0.4 mi Private PRESCHOOL-8 0 5
      Christ Fellowship Academy 0.6 mi Private PRESCHOOL-6 0 5
      Our Lady Of The Holy Rosary-st Richard School 0.7 mi Catholic PRESCHOOL-8 0 0
      Palmetto Bay Academy 0.7 mi Private 6-12 0 4
      Dr. Henry E. Perrine Academy Of The Arts 0.7 mi Public K-5 4 4
      The Carrie Brazer Center For Autism 0.8 mi Private 1-12 0 4
      Little Wonders Learning Academy & Daycare 0.8 mi Private PRESCHOOL-K 0 0
      Robert Russa Moton Elementary School 0.9 mi Public PRESCHOOL-5 1 4
      Homestead Assembly Christian Academy 0.9 mi Private K-12 0 0
      Carpe Diem Academia 1.0 mi Private K-12 0 5
      Whispering Pines Elementary School 1.2 mi Public PRESCHOOL-5 3-5 4
      Ethel F. Beckford/richmond Elementary School 1.2 mi Public PRESCHOOL-5 1 2
      Palmer Trinity School 1.3 mi Private 6-12 0 3
      Cutler Bay Academy Of Advanced Studies, Cutler Ridge Campus 1.3 mi Public 6-8 1 3
      Atlantic Southeastern Academy 1.5 mi Private 9-12 0 0
      Southwood Middle School 1.5 mi Public 6-8 4 4
      Bel-aire Elementary School 1.5 mi Public PRESCHOOL-5 2 4
      Balere Language Academy 1.7 mi Public K-7 0 3
      Waldorf International School 1.7 mi Private PRESCHOOL-8 0 4
      Coral Reef Senior High School 1.8 mi Public 9-12 4-5 4
      Pine Lake Elementary School 1.8 mi Public PRESCHOOL-5 2-5 4
      Colonial Drive Elementary School 1.8 mi Public PRESCHOOL-5 2 3
      Beyond Expectations Academy 1.9 mi Private 1-11 0 0
      Children's Hour Day School 1.9 mi Private PRESCHOOL-K 0 0
      Coral Reef Elementary School 2.0 mi Public PRESCHOOL-5 5 4
      Kids Learning Center Of South Dade 2.5 mi Private PRESCHOOL-3 0 3
      Miami Southridge Senior High School 2.5 mi Public 9-12 1 3
      Westminster Christian School 2.9 mi Private PRESCHOOL-12 0 4
      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: GreatSchools.org and Onboard Informatics © 2014
      Local Weather for 33157 (Miami, FL)
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 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.