Miami Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $325,000
    4% ( $14,000 ) vs Aug 2016
  • Median Sales Price
    $263,000
    0% ( $1,000 ) vs Aug 2016
  • Median Foreclosure Sales Price
    $109,100
    0% ( $0 ) vs Aug 2016
  • Foreclosures 9,711
    Homes for Sale 3,259
    Recently Sold 5,083

Market Summary

There are currently 9,711 properties in Miami, FL that are in some stage of foreclosure (default, auction or bank owned) while the number of homes listed for sale on RealtyTrac is 3,259.

In September, the number of properties that received a foreclosure filing in Miami, FL was 42% lower than the previous month and 38% lower than the same time last year.

Home sales for August 2017 were down 3% compared with the previous month, and down 64% compared with a year ago. The median sales price of a non-distressed home was $263,000. The median sales price of a foreclosure home was $109,100, or 59% lower than non-distressed home sales.

Sales Prices - Miami, FL




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$109,100 (Median Foreclosure Sales Price) $0 (Median Foreclosure Sales Price) $205,100 (Median Foreclosure Sales Price) $189,550 (Median Foreclosure Sales Price) $191,850 (Median Foreclosure Sales Price) $197,650 (Median Foreclosure Sales Price) $263,000 (Median Sales Price) $264,000 (Median Sales Price) $265,000 (Median Sales Price) $260,500 (Median Sales Price) $259,000 (Median Sales Price) $250,000 (Median Sales Price) $109,100 (Median Foreclosure Sales Price) $0 (Median Foreclosure Sales Price) $205,100 (Median Foreclosure Sales Price) $189,550 (Median Foreclosure Sales Price) $191,850 (Median Foreclosure Sales Price) $197,650 (Median Foreclosure Sales Price) $263,000 (Median Sales Price) $264,000 (Median Sales Price) $265,000 (Median Sales Price) $260,500 (Median Sales Price) $259,000 (Median Sales Price) $250,000 (Median Sales Price)
Interested in more detailed data or historic trends back to 2005?
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Fort Lauderdale
281
85.2
% (y-o-y)
$260,000
13.0
% (y-o-y)
Data not available
Hollywood
174
78.7
% (y-o-y)
$275,000
15.3
% (y-o-y)
Data not available
Pompano Beach
143
83.6
% (y-o-y)
$229,000
14.5
% (y-o-y)
Data not available
Homestead
134
60.9
% (y-o-y)
$191,000
7.9
% (y-o-y)
Data not available
Lake Worth
129
70.6
% (y-o-y)
$205,000
2.1
% (y-o-y)
Data not available
Boca Raton
122
77.0
% (y-o-y)
$327,250
2.3
% (y-o-y)
Data not available
Hialeah
89
70.6
% (y-o-y)
$235,000
2.2
% (y-o-y)
Data not available
Boynton Beach
88
75.8
% (y-o-y)
$225,000
2.3
% (y-o-y)
Data not available
Miami Beach
69
66.8
% (y-o-y)
$298,250
25.4
% (y-o-y)
Data not available
Delray Beach
66
78.0
% (y-o-y)
$211,000
20.6
% (y-o-y)
Data not available

Local Info For Miami

Population:
391,458
Cost of Living Index: 128.72
Crime Index: 232.69     Rating: C- View crime details
Schools: 284    Average School Rating: B- View individual school rating
Household Median Income: $29,621
Unemployment: 4.70%
Percentage of vacant homes: 18.12%

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