Real Estate Market Update for 33168 (Miami, FL)
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Welcome to March's Market Update,. Let's take a look at residential real-estate activity in your area during the month of March. The number of active listings was down 38% from one year earlier, and down 13% 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 120-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 11%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just over 90-thousand dollars. The number of units sold increased 36% year-over-year, and increased 7% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. 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.
Map Information for 33168 (Miami, FL)
Area Information for 33168 (Miami, FL)
  • Population: 26,382
  • Median Age: 34.93 yr
  • Median Commute Time: 29.31 mins
  • Educational Climate*: 2
  • Sales Tax: 6.905%
  • Population Density: 7,168/sq mi
  • Population Change Since 2000: 5.53%
  • Closest Airport: Miami International
  • Closest College: Barry University
  • Closest Jr. College: Ati College Of Health
  • Median Household Income: $42,926
  • Annual Residential Turnover: 19.17%
  • Median Years in Residence: 2.8 yr
  • Median Home Sales Price: $70,000
  • Closest Major Sports Team: Marlins
  • Change Avg. Household Income Since 2000: 31%
* Scale from 1-5** Index where 100 is the national average
Demographic Data for 33168 (Miami, FL)
Median Age: 34.93 Married: 24% Number of Households: 6,958 Households with Children: 3,218
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 33168 (Miami, FL)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Saint James Catholic School 0.2 mi Catholic 1-8 0 5
      American Worldwide Academy 0.3 mi Private 9-12 0 0
      Miami Union Academy 0.3 mi Private PRESCHOOL-12 0 4
      Keystone National High School (virtual) 0.5 mi Private 9-12 0 0
      Northwest Christian Academy 0.6 mi Private PRESCHOOL-12 0 3
      Lively Stones For Jesus School Of The Future 0.6 mi Private 6-6 0 0
      Benjamin Franklin K-8 Center 0.7 mi Public PRESCHOOL-8 1 3
      Gratigny Elementary School 0.9 mi Public PRESCHOOL-6 1 3
      Hubert O. Sibley K-8 Center 0.9 mi Public PRESCHOOL-8 1 4
      Doctors Charter School Of Miami Shores 0.9 mi Public 6-11 5 4
      Thomas Jefferson Middle School 1.2 mi Public 6-8 1 3
      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 33168 (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.