Real Estate Market Update for 33161 (Miami, FL)

Video: Real Estate Community Tour for 33161 (Miami, FL)

See Real estate community tour for 33161 (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 October. The number of active listings was down 24% from one year earlier, and down 12% 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 under 290-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 61%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 210-thousand dollars. The number of units sold decreased 34% year-over-year, and increased 35% month-over-month. Despite a slight annual decrease, this upward monthly sales trend indicates positive momentum. 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 33161 (Miami, FL)
Area Information for 33161 (Miami, FL)
  • Population: 56,198
  • Median Age: 35.16 yr
  • Median Commute Time: 31 mins
  • Educational Climate*: 3
  • Sales Tax: 6%
  • Population Density: 10,277/sq mi
  • Population Change Since 2000: 3.98%
  • Closest Airport: Miami International
  • Closest College: Johnson And Wales University
  • Closest Jr. College: Everest Institute
  • Median Household Income: $35,792
  • Annual Residential Turnover: 15%
  • Median Home Sales Price: $145,000
  • Closest Major Sports Team: Miami Dolphins
  • Change Avg. Household Income Since 2000: 24.18%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 33161 (Miami, FL)
Median Age: 35.16 Married: 27% Number of Households: 17,759 Households with Children: 6,053
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 33161 (Miami, FL)

      School Name Distance Type Grades School Rating Parent Rating
      North Miami Senior High School 0.2 mi Public 9-12 1 3
      Montessori School Of North Miami 0.3 mi Private PRESCHOOL-6 0 0
      Advance Christian Academy 0.4 mi Private - 0 0
      Amazing Learning Academy 0.4 mi Private - 0 0
      Holy Cross Lutheran School 0.4 mi Private PRESCHOOL-8 0 0
      North Miami Middle School 0.5 mi Public 6-8 1 3
      Archcreek Elementary School 0.5 mi Public K-5 1 0
      North Miami Senior Adult Education 0.5 mi Public - 0 0
      W. J. Bryan Elementary School 0.6 mi Public PRESCHOOL-5 1 0
      Dr. Carlos J. Finlay Elementary School 0.7 mi Public PRESCHOOL-5 4 0
      Aspira Raul Arnaldo Martinez Charter School 0.7 mi Public 6-8 0 5
      Von Wedel Montessori School 0.9 mi Private PRESCHOOL-2 0 0
      Bethany Covenant School 1.0 mi Private 1-5 0 0
      North Miami Elementary School 1.1 mi Public PRESCHOOL-5 2 0
      Early Step Learning Center Head Start 1.1 mi Private - 0 0
      Linda Lentin K-8 Center 1.1 mi Public PRESCHOOL-8 1 0
      Holy Family Catholic School 1.1 mi Catholic PRESCHOOL-8 0 0
      Alberto's Dream Child Care And Learning Center 1.2 mi Private - 0 0
      Montessori Achievement Center For Learning Needs 1.3 mi Private - 0 0
      Montessori Achievement Center 1.3 mi Private 1-8 0 0
      Miami Country Day School 1.4 mi Private PRESCHOOL-12 0 0
      Miami Shores Montessori School 1.4 mi Private PRESCHOOL-3 0 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 SchoolDigger.com. School Review data by Niche.com.
      Local Weather for 33161 (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.