Homestead Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $144,900
    2% ( $2,900 ) vs Oct 2013
  • Median Sales Price
    $120,000
    0% ( $0 ) vs Oct 2013
  • Median Foreclosure Sales Price
    $115,000
    5% ( $5,200 ) vs Oct 2013
  • Foreclosures 2,841
    Homes for Sale 267
    Recently Sold 2,983

Market Summary

There are currently 2,841 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 267.

In November, the number of properties that received a foreclosure filing in Homestead, FL was 2% lower than the previous month and 29% lower than the same time last year.

Home sales for October 2014 were up 11% compared with the previous month, and up 91% compared with a year ago. The median sales price of a non-distressed home was $120,000. The median sales price of a foreclosure home was $115,000, or 4% lower than non-distressed home sales.

Sales Prices - Homestead, FL




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$115,000 (Median Foreclosure Sales Price) $109,800 (Median Foreclosure 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) $120,000 (Median Sales Price) $120,000 (Median Sales Price) $125,000 (Median Sales Price) $120,800 (Median Sales Price) $119,000 (Median Sales Price) $118,000 (Median Sales Price) $115,000 (Median Foreclosure Sales Price) $109,800 (Median Foreclosure 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) $120,000 (Median Sales Price) $120,000 (Median Sales Price) $125,000 (Median Sales Price) $120,800 (Median Sales Price) $119,000 (Median Sales Price) $118,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Miami
3,051
28.7
% (y-o-y)
$240,000
3.4
% (y-o-y)
37.8%
46.1
% (y-o-y)
Fort Lauderdale
1,823
3.9
% (y-o-y)
$177,000
7.3
% (y-o-y)
24.9%
35.2
% (y-o-y)
Pompano Beach
975
6.3
% (y-o-y)
$158,250
6.6
% (y-o-y)
20.9%
31.6
% (y-o-y)
Hollywood
909
3.8
% (y-o-y)
$185,000
4.5
% (y-o-y)
12.4%
23.7
% (y-o-y)
Boca Raton
597
25.9
% (y-o-y)
$254,530
10.7
% (y-o-y)
19.5%
20.1
% (y-o-y)
Miami Beach
501
48.7
% (y-o-y)
$390,000
18.2
% (y-o-y)
31.1%
42.4
% (y-o-y)
Hialeah
361
23.2
% (y-o-y)
$158,750
9.5
% (y-o-y)
10.6%
31.0
% (y-o-y)
North Miami Beach
198
45.6
% (y-o-y)
$320,000
14.3
% (y-o-y)
13.2%
33.9
% (y-o-y)
Deerfield Beach
187
35.5
% (y-o-y)
$120,000
3.0
% (y-o-y)
Data not available
Opa Locka
169
44.4
% (y-o-y)
$110,000
12.0
% (y-o-y)
17.9%
19.3
% (y-o-y)

Local Info For Homestead

Population:
55,090
Cost of Living Index: 118.68
Crime Index: 144.44     Rating: C+ View crime details
Schools: 39    Average School Rating: C- View individual school rating
Household Median Income: $37,901
Unemployment: 6.00%
Percentage of vacant homes: 18.24%