Real Estate Market Update for Miami, FL
Welcome to October'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 25% from one year earlier, and down 8% 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 320-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 5%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just over 200-thousand dollars. The number of units sold decreased 14% year-over-year, and decreased 14% 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 Miami, FL
Area Information for Miami, FL
  • Population: 415,346
  • Median Age: 38.33 yr
  • Median Commute Time: 22.97 mins
  • Educational Climate*: 3
  • Sales Tax: 6.905%
  • Population Density: 11,579/sq mi
  • Population Change Since 2000: 14.83%
  • Closest Airport: Miami International
  • Closest College: University Of Miami-miller School Of Med
  • Closest Jr. College: Ati Career Training Center
  • Median Household Income: $31,550
  • Annual Residential Turnover: 22.93%
  • Median Years in Residence: 2.23 yr
  • Median Home Sales Price: $206,000
  • Closest Major Sports Team: Marlins
  • Change Avg. Household Income Since 2000: 33%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Miami, FL
Median Age: 38.33 Married: 23% Number of Households: 166,356 Households with Children: 45,978
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 Miami, FL

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Belen Jesuit Prep School 1.0 mi Catholic 6-12 0 5
      Wesley Matthews Elementary School 1.5 mi Public PRESCHOOL-5 4 4
      Gladeview Christian School 1.8 mi Private PRESCHOOL-8 0 5
      Highpoint Academy 2.3 mi Catholic PRESCHOOL-8 0 5
      Ethel Koger Beckham Elementary School 2.8 mi Public PRESCHOOL-5 5 4
      Hollywood Education Literacy Project Miami 3.2 mi Private K-12 0 0
      Lamar Louise Curry Middle School 3.4 mi Public 6-8 4 4
      Pinecrest Academy Middle School (north Campus) 3.5 mi Public K-6 5 0
      Doral Academy Of Technology 3.5 mi Public K-8 5 0
      Doral Performing Arts & Entertainment Academy 3.7 mi Public 6-8 5 0
      Pinecrest Cove Academy 3.7 mi Public - 4-5 5
      Coral Park Elementary School 4.0 mi Public PRESCHOOL-5 5 4
      Little Village Day Care And Learning Center 4.2 mi Private PRESCHOOL-K 0 5
      Isaac: Integrated Science And Asian Culture Academy 4.7 mi Public K-8 5 0
      American High School Academy 5.4 mi Private 9-12 0 5
      Kendale Elementary School 6.2 mi Public PRESCHOOL-5 4-5 4
      Christina M. Eve Elementary School 6.5 mi Public PRESCHOOL-5 4-5 4
      School For Advanced Studies - South 6.7 mi Public 11-12 0 4
      William H. Lehman Elementary School 6.9 mi Public PRESCHOOL-5 4-5 4
      Coral Villa Christian Academy 7.2 mi Private PRESCHOOL-1 0 4
      The Heritage School 7.2 mi Private PRESCHOOL-8 0 4
      Wagner Montessori School 7.7 mi Private PRESCHOOL-1 0 4
      Fairlawn Elementary School 7.7 mi Public PRESCHOOL-5 3-5 4
      Cattoira Montessori School 7.9 mi Private PRESCHOOL-5 0 4
      Sunrise School Of Miami 8.2 mi Private K-8 0 5
      Children's Resources 8.3 mi Private PRESCHOOL-5 0 5
      David Fairchild Elementary School 8.3 mi Public PRESCHOOL-5 4-5 5
      St. Philip's Episcopal School 8.7 mi Private PRESCHOOL-5 0 5
      Somerset Academy Charter Middle School South Miami Campus 8.7 mi Public 6-8 4-5 0
      Somerset Academy Elementary School South Miami Campus 8.7 mi Public PRESCHOOL-8 5 5
      Miami Springs Adventist School 8.8 mi Private PRESCHOOL-8 0 5
      The French American School Of Miami 8.9 mi Private PRESCHOOL-5 0 5
      Norma Butler Bossard Elementary School 9.2 mi Public PRESCHOOL-5 4 4
      Mater Performing Arts & Entertainment Academy 9.3 mi Public 6-12 5 0
      Temple Beth Am Day School 9.3 mi Private PRESCHOOL-5 0 5
      Somerset Gables Academy 9.4 mi Public K-5 5 5
      La Scuola 9.4 mi Private PRESCHOOL-5 0 4
      Snow White & The Seven Dwarfs School 9.4 mi Catholic PRESCHOOL-5 0 5
      Academy For International Education Charter School 9.5 mi Public - 3 5
      St. Thomas Episcopal Parish School 9.6 mi Private PRESCHOOL-5 0 5
      Faith Lutheran School 9.8 mi Private PRESCHOOL-8 0 5
      Hialeah Gardens Elementary School 9.8 mi Public PRESCHOOL-5 3-5 4
      South Hialeah Elementary School 9.9 mi Public PRESCHOOL-5 2-5 5
      Coral Gables Preparatory Academy 10.0 mi Public PRESCHOOL-8 4-5 4
      George W. Carver Elementary School 10.0 mi Public K-5 3 4
      Rem Learning Center 10.1 mi Private PRESCHOOL-K 0 5
      City Of Hialeah Education Academy 10.3 mi Public 6-12 2-5 5
      Carpe Diem Academia 10.7 mi Private K-12 0 5
      Three Flags Academy 10.8 mi Private PRESCHOOL-2 0 5
      Ransom Everglades School 10.9 mi Private 6-12 0 5
      Herbert A. Ammons Middle School 11.1 mi Public 6-8 5 5
      Our Lady Of Lourdes Pre School 11.1 mi Private PRESCHOOL-2 0 4
      Jose Marti School 1 11.1 mi Private PRESCHOOL-3 0 5
      Flamingo Elementary School 11.2 mi Public PRESCHOOL-5 2-5 4
      International Studies Charter Middle School 11.2 mi Public 6-8 4-5 5
      Christ Fellowship Academy 11.3 mi Private PRESCHOOL-6 0 5
      Lorah Park Elementary School 11.4 mi Public PRESCHOOL-5 1 4
      Perrine Sda Elementary School 11.4 mi Private PRESCHOOL-8 0 5
      Somerset Academy Charter Middle School (country Palms) 11.5 mi Public 6-8 5 0
      Somerset Academy Charter 11.5 mi Public PRESCHOOL-5 4-5 5
      North Hialeah Christian School 11.5 mi Private PRESCHOOL-8 0 5
      Little Angels Christian School 11.6 mi Private PRESCHOOL-1 0 0
      Early Beginnings Academy Civic Center 12.5 mi Public PRESCHOOL-2 0 5
      Debbie School 12.7 mi Private PRESCHOOL-2 0 5
      Gordon Schools Of Beth David 13.0 mi Private PRESCHOOL-5 0 5
      Mater Academy East Charter High School 13.4 mi Public 9-12 3 5
      Theodore R. And Thelma A. Gibson Charter School 13.4 mi Public K-8 1 5
      Mother Of Our Redeemer Catholic School 13.5 mi Catholic PRESCHOOL-8 0 5
      School For Advanced Studies North 13.5 mi Public 11-12 0 5
      New World School Of The Arts 14.0 mi Public 9-12 5 5
      Primary Learning Center 14.3 mi Public PRESCHOOL-4 4 5
      Children S Rainbow Day School 14.4 mi Private PRESCHOOL-8 0 5
      Design & Architecture Senior High School 14.5 mi Public 9-12 5 4
      Archbishop Curley Notre Dame High School 14.6 mi Catholic 9-12 0 5
      Emmanuel Kindergarten & Daycare 15.5 mi Private PRESCHOOL-K 0 5
      Mast Academy 15.6 mi Public 8-12 5 4
      N Dade Center For Modern Language 15.8 mi Public 1-5 5 5
      St James Catholic School 15.9 mi Catholic PRESCHOOL-8 0 5
      St Christophers Montessori 16.3 mi Private PRESCHOOL-5 0 5
      William A Kirlew Jr Academy 16.4 mi Private K-8 0 4
      Dr. Carlos J. Finlay Elementary School 16.9 mi Public PRESCHOOL-5 3-5 4
      Holy Cross Lutheran School 17.3 mi Private PRESCHOOL-8 0 5
      South Pointe Elementary School 17.3 mi Public PRESCHOOL-5 4-5 5
      Fisher Island Day School 17.3 mi Private PRESCHOOL-5 0 5
      Robert Renick Education Center 17.9 mi Public K-12 0 5
      Sierra Norwood Calvary Child Development Center 18.4 mi Private PRESCHOOL-3 0 4
      Neytz Hachochma 18.7 mi Private - 0 5
      Ben Gamla Charter School 19.0 mi Public K-8 4 5
      Sha'arei Bina Torah Academy For Girls 19.2 mi Private 6-12 0 5
      Allison Academy 19.5 mi Private 6-12 0 5
      Yeshiva Elementary 19.5 mi Private PRESCHOOL-6 0 5
      Andover Middle School 19.6 mi Public 6-8 2-5 5
      Jacobson Sinai Academy 20.8 mi Private PRESCHOOL-4 0 5
      St Lawrence Elementary School 20.9 mi Catholic K-8 0 5
      The Victory School 21.1 mi Private UNGRADE-UNGRADE 0 5
      Kesher Ld 21.1 mi Private 1-12 0 4
      Spirit Of Christ Child Development Center & Academy 21.2 mi Private PRESCHOOL-12 0 0
      Biscayne Academy 21.3 mi Private UNGRADE-UNGRADE 0 5
      Aventura City Of Excellence School 21.7 mi Public K-8 5 5
      Btay Solomon Schechter Day School 21.8 mi Private PRESCHOOL-8 0 5
      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 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.