Miami Beach Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $449,000
    1% ( $5,000 ) vs Jun 2015
  • Median Sales Price
    $387,750
    11% ( $37,750 ) vs Jun 2015
  • Median Foreclosure Sales Price
    $249,000
    4% ( $11,000 ) vs Jun 2015
  • Foreclosures 2,546
    Homes for Sale 2,739
    Recently Sold 2,784

Market Summary

There are currently 2,546 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 2,739.

In July, the number of properties that received a foreclosure filing in Miami Beach, FL was 17% lower than the previous month and 54% lower than the same time last year.

Home sales for June 2016 were down 26% compared with the previous month, and down 58% compared with a year ago. The median sales price of a non-distressed home was $387,750. The median sales price of a foreclosure home was $249,000, or 36% lower than non-distressed home sales.

Sales Prices - Miami Beach, FL




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$249,000 (Median Foreclosure Sales Price) $260,000 (Median Foreclosure Sales Price) $243,900 (Median Foreclosure Sales Price) $287,100 (Median Foreclosure Sales Price) $226,000 (Median Foreclosure Sales Price) $230,500 (Median Foreclosure Sales Price) $387,750 (Median Sales Price) $350,000 (Median Sales Price) $370,000 (Median Sales Price) $385,000 (Median Sales Price) $391,900 (Median Sales Price) $365,000 (Median Sales Price) $249,000 (Median Foreclosure Sales Price) $260,000 (Median Foreclosure Sales Price) $243,900 (Median Foreclosure Sales Price) $287,100 (Median Foreclosure Sales Price) $226,000 (Median Foreclosure Sales Price) $230,500 (Median Foreclosure Sales Price) $387,750 (Median Sales Price) $350,000 (Median Sales Price) $370,000 (Median Sales Price) $385,000 (Median Sales Price) $391,900 (Median Sales Price) $365,000 (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
1,062
44.1
% (y-o-y)
$252,500
1.0
% (y-o-y)
32.7%
37.9
% (y-o-y)
Fort Lauderdale
485
58.3
% (y-o-y)
$215,000
16.8
% (y-o-y)
30.2%
29.7
% (y-o-y)
West Palm Beach
313
42.8
% (y-o-y)
$157,000
8.3
% (y-o-y)
20.4%
32.1
% (y-o-y)
Hollywood
257
60.6
% (y-o-y)
$230,000
9.3
% (y-o-y)
10.5%
26.6
% (y-o-y)
Pompano Beach
248
58.4
% (y-o-y)
$190,000
10.4
% (y-o-y)
19.3%
28.5
% (y-o-y)
Lake Worth
213
26.8
% (y-o-y)
$178,400
16.6
% (y-o-y)
10.3%
24.8
% (y-o-y)
Homestead
197
12.1
% (y-o-y)
$167,500
19.6
% (y-o-y)
18.7%
24.9
% (y-o-y)
Boca Raton
175
53.3
% (y-o-y)
$300,650
5.5
% (y-o-y)
28.5%
21.4
% (y-o-y)
Hialeah
134
51.3
% (y-o-y)
$202,550
12.1
% (y-o-y)
17.0%
24.7
% (y-o-y)
Boynton Beach
105
61.4
% (y-o-y)
$210,000
13.5
% (y-o-y)
15.7%
24.1
% (y-o-y)

Local Info For Miami Beach

Population:
87,585
Cost of Living Index: 134.93
Crime Index: 206.12     Rating: C- View crime details
Schools: 8    Average School Rating: B View individual school rating
Household Median Income: $43,538
Unemployment: 3.90%
Percentage of vacant homes: 34.52%

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