Miami Beach Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $379,900
    1% ( $5,100 ) vs Apr 2014
  • Median Sales Price
    $389,250
    0% ( $1,550 ) vs Apr 2014
  • Median Foreclosure Sales Price
    $248,150
    5% ( $13,550 ) vs Apr 2014
  • Foreclosures 2,805
    Homes for Sale 2,099
    Recently Sold 2,473

Market Summary

There are currently 2,805 properties in Miami Beach, FL that are in some stage of foreclosure (default, auction or bank owned) while the number of homes listed for sale on RealtyTrac is 2,099.

In May, the number of properties that received a foreclosure filing in Miami Beach, FL was 25% higher than the previous month and 18% higher than the same time last year.

Home sales for April 2015 were up 16% compared with the previous month, and down 80% compared with a year ago. The median sales price of a non-distressed home was $389,250. The median sales price of a foreclosure home was $248,150, or 36% lower than non-distressed home sales.

Sales Prices - Miami Beach, FL




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$248,150 (Median Foreclosure Sales Price) $261,700 (Median Foreclosure Sales Price) $257,700 (Median Foreclosure Sales Price) $255,000 (Median Foreclosure Sales Price) $241,050 (Median Foreclosure Sales Price) $257,500 (Median Foreclosure Sales Price) $389,250 (Median Sales Price) $390,800 (Median Sales Price) $380,000 (Median Sales Price) $370,000 (Median Sales Price) $375,000 (Median Sales Price) $380,000 (Median Sales Price) $248,150 (Median Foreclosure Sales Price) $261,700 (Median Foreclosure Sales Price) $257,700 (Median Foreclosure Sales Price) $255,000 (Median Foreclosure Sales Price) $241,050 (Median Foreclosure Sales Price) $257,500 (Median Foreclosure Sales Price) $389,250 (Median Sales Price) $390,800 (Median Sales Price) $380,000 (Median Sales Price) $370,000 (Median Sales Price) $375,000 (Median Sales Price) $380,000 (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
Miami
1,234
62.0
% (y-o-y)
$234,000
1.7
% (y-o-y)
33.1%
39.7
% (y-o-y)
Fort Lauderdale
921
53.4
% (y-o-y)
$165,000
1.9
% (y-o-y)
24.2%
29.0
% (y-o-y)
West Palm Beach
615
43.6
% (y-o-y)
$150,000
16.6
% (y-o-y)
22.6%
21.8
% (y-o-y)
Hollywood
538
46.5
% (y-o-y)
$201,000
14.9
% (y-o-y)
26.3%
17.1
% (y-o-y)
Pompano Beach
528
53.2
% (y-o-y)
$155,000
11.3
% (y-o-y)
21.3%
18.7
% (y-o-y)
Boca Raton
316
53.9
% (y-o-y)
$250,000
0.2
% (y-o-y)
20.6%
6.8
% (y-o-y)
Lake Worth
285
50.6
% (y-o-y)
$134,000
11.7
% (y-o-y)
12.8%
9.2
% (y-o-y)
Boynton Beach
281
44.0
% (y-o-y)
$163,000
5.2
% (y-o-y)
22.7%
10.0
% (y-o-y)
Delray Beach
231
45.6
% (y-o-y)
$136,750
16.4
% (y-o-y)
22.5%
1.3
% (y-o-y)
Homestead
162
50.9
% (y-o-y)
$130,000
14.0
% (y-o-y)
17.0%
7.0
% (y-o-y)

Local Info For Miami Beach

Population:
87,585
Cost of Living Index: 134.93
Crime Index: 181.29     Rating: C View crime details
Schools: 8    Average School Rating: B View individual school rating
Household Median Income: $43,538
Unemployment: 4.40%
Percentage of vacant homes: 34.52%