Homestead Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $138,500
    3% ( $3,500 ) vs Aug 2013
  • Median Sales Price
    $125,000
    3% ( $4,200 ) vs Aug 2013
  • Median Foreclosure Sales Price
    $109,600
    0% ( $300 ) vs Aug 2013
  • Foreclosures 3,013
    Homes for Sale 313
    Recently Sold 3,000

Market Summary

There are currently 3,013 properties in Homestead, FL that are in some stage of foreclosure (default, auction or bank owned) while the number of homes listed for sale on RealtyTrac is 313.

In September, the number of properties that received a foreclosure filing in Homestead, FL was 16% lower than the previous month and 6% lower than the same time last year.

Home sales for August 2014 were down 35% compared with the previous month, and down 1% compared with a year ago. The median sales price of a non-distressed home was $125,000. The median sales price of a foreclosure home was $109,600, or 12% lower than non-distressed home sales.

Sales Prices - Homestead, FL




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$109,600 (Median Foreclosure Sales Price) $109,300 (Median Foreclosure Sales Price) $110,000 (Median Foreclosure Sales Price) $106,200 (Median Foreclosure Sales Price) $105,750 (Median Foreclosure Sales Price) $100,500 (Median Foreclosure Sales Price) $125,000 (Median Sales Price) $120,800 (Median Sales Price) $119,000 (Median Sales Price) $118,000 (Median Sales Price) $114,000 (Median Sales Price) $108,000 (Median Sales Price) $109,600 (Median Foreclosure Sales Price) $109,300 (Median Foreclosure Sales Price) $110,000 (Median Foreclosure Sales Price) $106,200 (Median Foreclosure Sales Price) $105,750 (Median Foreclosure Sales Price) $100,500 (Median Foreclosure Sales Price) $125,000 (Median Sales Price) $120,800 (Median Sales Price) $119,000 (Median Sales Price) $118,000 (Median Sales Price) $114,000 (Median Sales Price) $108,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Miami
2,317
39.6
% (y-o-y)
$240,000
3.0
% (y-o-y)
37.5%
50.6
% (y-o-y)
Fort Lauderdale
1,681
21.4
% (y-o-y)
$183,150
11.0
% (y-o-y)
26.8%
35.7
% (y-o-y)
Pompano Beach
897
21.5
% (y-o-y)
$162,750
8.5
% (y-o-y)
26.3%
31.3
% (y-o-y)
Hollywood
841
19.9
% (y-o-y)
$189,900
11.4
% (y-o-y)
17.0%
23.7
% (y-o-y)
Boca Raton
488
37.8
% (y-o-y)
$265,000
10.4
% (y-o-y)
17.7%
31.3
% (y-o-y)
Hialeah
348
28.0
% (y-o-y)
$157,000
9.0
% (y-o-y)
14.0%
35.3
% (y-o-y)
Miami Beach
315
52.7
% (y-o-y)
$400,000
23.1
% (y-o-y)
37.5%
42.7
% (y-o-y)
Deerfield Beach
164
1.2
% (y-o-y)
$120,000
4.3
% (y-o-y)
Data not available
North Miami Beach
156
36.8
% (y-o-y)
$320,000
15.5
% (y-o-y)
36.7%
46.2
% (y-o-y)
Opa Locka
131
35.1
% (y-o-y)
$113,000
15.3
% (y-o-y)
20.2%
28.6
% (y-o-y)

Local Info For Homestead

Population:
55,090
Cost of Living Index: 118.68
Crime Index: 202.83     Rating: C- View crime details
Schools: 39    Average School Rating: C- View individual school rating
Household Median Income: $37,901
Unemployment: 6.70%
Percentage of vacant homes: 18.24%