Real Estate Market Update for Miami, FL
Welcome to March's Market Update. Lets take a look at residential real-estate activity in your area during the month of February. The number of active listings was up 1% from one year earlier, and down 2% from the previous month. Even so, buyers still enjoyed a greater selection of homes today than they did one year ago. As you can see, the median listing price for the month was just under 450-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 15%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 300-thousand dollars. The number of units sold decreased 29% year-over-year, and decreased 19% 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: 448,982
  • Median Age: 41.01 yr
  • Median Commute Time: 27 mins
  • Educational Climate*: 3
  • Sales Tax: 0%
  • Population Density: 12,511/sq mi
  • Population Change Since 2000: 24%
  • Closest Airport: Miami International
  • Closest College: University Of Miami-miller School Of Med
  • Closest Jr. College: Everest Institute-hialeah
  • Median Household Income: $44,290
  • Annual Residential Turnover: 0%
  • Median Home Sales Price: $360,000
  • Closest Major Sports Team: Miami Marlins
  • Change Avg. Household Income Since 2000: 91.71%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Miami, FL
Median Age: 41.01 Married: 28% Number of Households: 183,227 Households with Children: 39,961
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 School Rating
      Iprep Academy North 13.7 mi Public 6-12 4
      Mater Gardens Academy 13.9 mi Public PRESCHOOL-5 4
      Highly Inquisitive & Versatile (hive) Preparatory School 14.1 mi Public K-8 5
      Mater Academy Lakes Middle School 14.1 mi Public 6-8 4
      Aventura Waterways K-8 Center 14.8 mi Public K-8 4
      Bob Graham Education Center 15.0 mi Public PRESCHOOL-8 4
      Don Soffer Aventura High School 15.2 mi Public 9-9 4
      N Dade Center For Modern Language 15.6 mi Public K-5 4
      Aventura City Of Excellence School 16.5 mi Public K-8 5
      Hialeah Gardens Elementary School 17.0 mi Public K-5 4
      Norman S. Edelcup/sunny Isles Beach K-8 17.3 mi Public K-8 4
      Jose Marti Mast 6-12 Academy 17.9 mi Public 6-12 5
      Marine Academy Of Science And Technoly - Mast @ Fiu 18.2 mi Public 9-12 5
      Mater Performing Arts & Entertainment Academy 18.4 mi Public 9-12 4
      Doctors Charter School Of Miami Shores 18.6 mi Public 6-12 4
      Ruth K. Broad Bay Harbor K-8 Center 20.3 mi Public PRESCHOOL-8 5
      Mater Academy Miami Beach 21.4 mi Public PRESCHOOL-8 4
      Downtown Doral Charter Upper School 21.5 mi Public 6-10 4
      Downtown Doral Charter Elementary School 21.7 mi Public PRESCHOOL-5 5
      Academy For International Education Upper Charter School 22.3 mi Public 6-12 4
      Design & Architecture Senior High School 23.2 mi Public 9-12 5
      Just Arts And Management Charter Middle School 23.4 mi Public 6-8 5
      Doral Academy 23.4 mi Public K-5 5
      Doral Academy Charter High School 23.5 mi Public 9-12 5
      Doral Performing Arts & Entertainment Academy 23.5 mi Public 9-12 5
      Doral Academy Charter Middle School 23.5 mi Public 6-8 5
      Doral Academy Of Technology 23.5 mi Public 6-12 5
      Renaissance Elementary Charter School 23.9 mi Public K-5 4
      Miami Arts Charter School 24.0 mi Public 6-12 4
      Mater Academy At Mount Sinai 24.3 mi Public K-5 4
      North Beach Elementary School 24.6 mi Public PRESCHOOL-5 5
      Miami Dade Online Academy 24.8 mi Public K-12 4
      I Preparatory Academy 24.8 mi Public PRESCHOOL-12 5
      Pinecrest North Preparatory (fontainebleau Campus) 24.9 mi Public K-8 4
      Pinecrest Academy (north Campus) 25.3 mi Public K-8 5
      Miami Children's Museum Charter School 25.4 mi Public K-5 4
      Law Enforcement Officers Memorial High School 25.5 mi Public 9-12 4
      Young Womens Preparatory Academy 25.6 mi Public 6-12 5
      Mater East Academy Middle School 25.6 mi Public 6-8 4
      New World School Of The Arts 25.6 mi Public 9-12 4
      Bridgeprep Academy Interamerican East Campus 25.7 mi Public K-5 5
      International Studies Charter High School 25.8 mi Public 6-12 5
      International Studies Charter Middle School 25.8 mi Public 6-8 5
      Ada Merritt K-8 Center 25.8 mi Public K-8 5
      Marjory Stoneman Douglas Elementary School 25.8 mi Public PRESCHOOL-5 4
      Wesley Matthews Elementary School 27.0 mi Public PRESCHOOL-5 4
      Pinecrest Glades Preparatory Academy Middle High School 27.1 mi Public 6-12 4
      Somerset Gables Academy 27.1 mi Public K-5 4
      Miami Arts Studio 6-12 At Zelda Glazer 28.1 mi Public 6-12 5
      Academir Charter School West 28.1 mi Public K-5 5
      Coconut Grove Elementary School 28.2 mi Public PRESCHOOL-5 5
      George Washington Carver Middle School 28.2 mi Public 6-8 5
      Pinecrest Cove Academy 28.3 mi Public K-8 5
      Mast Academy 28.6 mi Public 6-12 5
      Henry S. West Laboratory School 28.6 mi Public K-8 5
      Pinecrest Academy Charter Middle School 29.1 mi Public 6-8 4
      Pinecrest Preparatory Academy Charter High School 29.1 mi Public 9-12 4
      Ethel Koger Beckham Elementary School 29.3 mi Public PRESCHOOL-8 5
      Bent Tree Elementary School 29.3 mi Public PRESCHOOL-5 4
      Somerset Academy Elementary School South Miami Campus 29.4 mi Public K-5 5
      Somerset Academy Charter Middle School South Miami Campus 29.4 mi Public 6-8 5
      International Studies Preparatory Academy 29.5 mi Public 9-12 5
      Sunset Elementary School 29.7 mi Public PRESCHOOL-5 5
      Academir Charter School Middle 29.7 mi Public 6-8 4
      Jane S. Roberts K-8 Center 29.9 mi Public PRESCHOOL-8 4
      True North Classical Academy 29.9 mi Public K-8 5
      True North Classical Academy High School 29.9 mi Public 9-12 5
      Dr. Manuel C. Barreiro Elementary School 30.1 mi Public PRESCHOOL-5 4
      Somerset Palms Academy 30.3 mi Public K-8 4
      Archimedean Middle Conservatory 30.4 mi Public 6-8 5
      Archimedean Academy 30.4 mi Public K-5 5
      Archimedean Upper Conservatory Charter School 30.4 mi Public 9-12 5
      John A. Ferguson Senior High School 30.4 mi Public 9-12 4
      Terra Environmental Research Institute 30.8 mi Public 9-12 5
      Somerset Academy Bay - Middle School 31.4 mi Public 6-8 5
      Pinecrest Academy (south Campus) 31.5 mi Public PRESCHOOL-5 4
      Pinecrest Elementary School 31.6 mi Public PRESCHOOL-5 5
      Dante B. Fascell Elementary School 31.6 mi Public PRESCHOOL-5 4
      Isaac: Integrated Science And Asian Culture Academy 31.9 mi Public K-5 5
      Calusa Elementary School 32.0 mi Public PRESCHOOL-5 5
      Oliver Hoover Elementary School 32.2 mi Public PRESCHOOL-5 4
      Claude Pepper Elementary School 32.4 mi Public PRESCHOOL-5 4
      William H. Lehman Elementary School 32.5 mi Public PRESCHOOL-5 4
      Somerset Preparatory Academy Sunset 32.6 mi Public K-5 5
      Ben Gamla Charter School 32.6 mi Public K-8 4
      Kendall Square K-8 Center 33.0 mi Public K-8 4
      Palmetto Elementary School 33.1 mi Public PRESCHOOL-5 5
      Coral Reef Elementary School 34.8 mi Public PRESCHOOL-5 5
      Biotech@richmond Heights 9-12 High School 34.9 mi Public 9-12 4
      Coral Reef Senior High School 35.0 mi Public 9-12 5
      Southwood Middle School 35.5 mi Public 6-8 4
      Jack David Gordon Elementary School 35.6 mi Public PRESCHOOL-5 4
      Norma Butler Bossard Elementary School 35.8 mi Public PRESCHOOL-5 4
      Herbert A. Ammons Middle School 37.5 mi Public 6-8 5
      Somerset Academy Charter Middle School 37.7 mi Public 6-8 4
      Academir Charter School Preparatory 38.1 mi Public K-5 4
      Cutler Bay Senior High School 38.9 mi Public 9-12 5
      Mater Academy Cutler Bay High School 39.5 mi Public 9-12 4
      Mater Academy Cutler Bay Elementary 39.5 mi Public K-5 4
      Mater Academy Cutler Bay Middle School 39.5 mi Public 6-8 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.
      Local Weather for Miami, FL
        Data powered by Attom Data Solutions. Copyright© 2022. Information 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.
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