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.
Show Transcript

Map Information for Miami, FL

Area Information for Miami, FL
  • Population: 450,829
  • Median Age: 40.58 yr
  • Median Commute Time: 27 mins
  • Educational Climate*: 3
  • Sales Tax: 0%
  • Population Density: 12,568/sq mi
  • Population Change Since 2000: 24.61%
  • Closest Airport: Miami International
  • Closest College: University Of Miami-miller School Of Med
  • Closest Jr. College: Everest Institute-hialeah
  • Median Household Income: $39,267
  • Annual Residential Turnover: 0%
  • Median Home Sales Price: $360,000
  • Closest Major Sports Team: Miami Marlins
  • Change Avg. Household Income Since 2000: 73.94%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Miami, FL
Median Age: 40.58 Married: 28% Number of Households: 183,359 Households with Children: 41,131
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 Parent Rating
      American Senior High School 13.4 mi Public 9-12 1 3
      Miami Norland Senior High School 13.6 mi Public 9-12 1 4
      Miami Carol City Senior High School 13.6 mi Public 9-12 1 4
      Dr Michael M. Krop Senior High School 13.7 mi Public 9-12 3 4
      Mater Academy Lakes High School 14.1 mi Public 6-12 4 4
      Miami Lakes Middle School 14.9 mi Public 6-8 4 4
      Miami Lakes Educational Center 14.9 mi Public 9-12 4 4
      Bob Graham Education Center 15.1 mi Public PRESCHOOL-8 4 0
      Monsignor Edward Pace High School 15.4 mi Catholic 9-12 0 4
      The Samuel Scheck Hillel Community Day School 15.8 mi Private PRESCHOOL-12 0 0
      North Miami Beach Senior High School 16.3 mi Public 9-12 1 3
      Hialeah-miami Lakes Senior High School 16.4 mi Public 9-12 2 3
      Beth Jacob High School 16.4 mi Private 6-12 0 0
      Aventura City Of Excellence School 16.4 mi Public K-8 5 0
      Cg Bethel High School 16.8 mi Public 9-12 0 0
      Northwest Christian Academy 17.1 mi Private PRESCHOOL-12 0 0
      Horeb Christian School 17.2 mi Private PRESCHOOL-12 0 0
      Hialeah Gardens Senior High School 17.7 mi Public 9-12 3 4
      Keystone National High School (virtual) 17.8 mi Private 9-12 0 0
      Miami Union Academy 17.9 mi Private PRESCHOOL-12 0 0
      Jose Marti Mast 6-12 Academy 17.9 mi Public 6-12 5 4
      Alonzo And Tracy Mourning Senior High Biscayne Bay Campus 18.0 mi Public 9-12 3 3
      School For Advanced Studies North 18.1 mi Public 11-12 0 3
      North Miami Senior High School 18.1 mi Public 9-12 1 3
      Marine Academy Of Science And Technoly - Mast @ Fiu 18.2 mi Public 9-12 5 0
      David Lawrence Jr. K-8 Center 18.2 mi Public PRESCHOOL-8 2 3
      Mater Academy Charter High 18.4 mi Public 9-12 4 4
      Mater Academy Charter Middle 18.4 mi Public 6-8 4 3
      Mater Academy 18.7 mi Public 3-5 4 4
      William H. Turner Technical Arts High School 19.0 mi Public 9-12 3 4
      Westland Hialeah Senior High School 19.0 mi Public 9-12 2 3
      Miami Central Senior High School 19.4 mi Public 9-12 1 3
      Ronald W. Reagan/doral Senior High School 19.8 mi Public 9-12 3 3
      Academy For Community Education (ace) 20.2 mi Public 9-12 0 3
      Horace Mann Middle School 20.2 mi Public 6-8 1 4
      Imater Academy 20.3 mi Public K-5 3 0
      Ruth K. Broad Bay Harbor K-8 Center 20.3 mi Public PRESCHOOL-8 5 0
      Champagnat Catholic School Of Hialeah 20.4 mi Catholic 6-12 0 0
      The Glory Of God Christian School 20.8 mi Private K-12 0 0
      Miami Springs Senior High School 20.9 mi Public 9-12 2 3
      Miami Northwestern Senior High School 21.1 mi Public 9-12 1 4
      Miami Edison Senior High School 21.7 mi Public 9-12 1 3
      Miami Springs Middle School 22.0 mi Public 6-8 1 4
      Ebenezer Christian Academy 23.1 mi Private K-12 0 0
      Design & Architecture Senior High School 23.2 mi Public 9-12 5 4
      Doral Academy Charter High School 23.5 mi Public 9-12 5 3
      Doral Performing Arts & Entertainment Academy 23.5 mi Public 6-8 5 3
      Young Men's Preparatory Academy 23.6 mi Public 6-12 3 4
      Miami Arts Charter School 24.0 mi Public 6-12 4 4
      La Progresiva Presbyterian School 24.8 mi Private PRESCHOOL-12 0 0
      I Preparatory Academy 24.8 mi Public PRESCHOOL-12 5 3
      Booker T. Washington Senior High School 24.9 mi Public 9-12 1 4
      Sports Leadership And Management (slam) Charter Middle School 25.1 mi Public 6-12 2 3
      Miami Christian School 25.3 mi Private PRESCHOOL-12 0 0
      Miami Senior High School 25.4 mi Public 9-12 3 3
      Law Enforcement Officers Memorial High School 25.5 mi Public 9-12 4 4
      Young Womens Preparatory Academy 25.6 mi Public 6-12 5 4
      Sports Leadership Of Miami Charter High School 25.6 mi Public 9-12 3 0
      New World School Of The Arts 25.6 mi Public 9-12 5 4
      School For Advanced Studies-wolfson 25.6 mi Public 11-12 0 4
      International Studies Charter High School 25.8 mi Public 6-12 5 4
      Miami Coral Park Senior High School 26.2 mi Public 9-12 2 3
      Belen Jesuit Prep School 26.2 mi Catholic 6-12 0 4
      Coral Way K-8 Center 26.8 mi Public PRESCHOOL-8 4 0
      Saint Brendan High School 27.1 mi Catholic 9-12 0 3
      Christopher Columbus High School 27.1 mi Catholic 9-12 0 5
      Immaculata-la Salle High School 27.5 mi Catholic 9-12 0 4
      Coral Gables Senior High School 27.7 mi Public 9-12 3 3
      Florida Christian School 27.9 mi Private PRESCHOOL-12 0 0
      George Washington Carver Middle School 28.2 mi Public 6-8 5 5
      Southwest Miami Senior High School 28.5 mi Public 9-12 2 4
      Ransom Everglades School Upper 28.5 mi Private 9-12 0 4
      Mast Academy 28.6 mi Public 6-12 5 4
      Gulliver Preparatory School - Miller Drive Campus 28.8 mi Private 9-12 0 4
      Pinecrest Preparatory Academy 28.9 mi Public K-5 5 0
      Pinecrest Preparatory Academy Charter High School 29.1 mi Public 9-12 4 4
      International Studies Preparatory Academy 29.5 mi Public 9-12 5 4
      Westwood Christian School 29.5 mi Private K-12 0 0
      Ludlam Elementary School 29.8 mi Public PRESCHOOL-5 4 4
      Lamar Louise Curry Middle School 29.8 mi Public 6-8 4 4
      American High School Academy 30.0 mi Private 9-12 0 0
      Calusa Preparatory School 30.4 mi Private K-12 0 0
      John A. Ferguson Senior High School 30.4 mi Public 9-12 4 3
      Gulliver Preparatory School 30.7 mi Private 9-12 0 0
      Terra Environmental Research Institute 30.8 mi Public 9-12 5 4
      School For Advanced Studies - South 32.1 mi Public 11-12 5 4
      Miami Killian Senior High School 32.1 mi Public 9-12 2 3
      Devon Aire K-8 Center 32.5 mi Public PRESCHOOL-8 4 2
      Felix Varela Senior High School 32.6 mi Public 9-12 2 3
      Miami Palmetto Senior High School 32.7 mi Public 9-12 4 3
      Archbishop Coleman F. Carroll High 33.5 mi Catholic 9-12 0 4
      Westminster Christian School 34.8 mi Private PRESCHOOL-12 0 0
      Coral Reef Elementary School 34.8 mi Public PRESCHOOL-5 5 0
      Coral Reef Senior High School 35.0 mi Public 9-12 5 4
      Southwood Middle School 35.5 mi Public 6-8 4 4
      Palmer Trinity School 36.9 mi Private 6-12 0 5
      Herbert A. Ammons Middle School 37.5 mi Public 6-8 5 0
      Miami Southridge Senior High School 38.0 mi Public 9-12 1 3
      Cutler Bay Senior High School 38.9 mi Public 9-12 5 5
      Palm Glades Preparatory Academy High School 40.1 mi Public 9-12 1 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© 2020. 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.
        CHOOSE YOUR LANGUAGE