Miami Beach Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $385,000
    2% ( $8,000 ) vs Mar 2014
  • Median Sales Price
    $390,800
    3% ( $10,800 ) vs Mar 2014
  • Median Foreclosure Sales Price
    $261,700
    2% ( $4,000 ) vs Mar 2014
  • Foreclosures 3,497
    Homes for Sale 2,127
    Recently Sold 3,011

Market Summary

There are currently 3,497 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 2,127.

In April, the number of properties that received a foreclosure filing in Miami Beach, FL was 9% lower than the previous month and 19% lower than the same time last year.

Home sales for March 2015 were down 69% compared with the previous month, and down 84% compared with a year ago. The median sales price of a non-distressed home was $390,800. The median sales price of a foreclosure home was $261,700, or 33% lower than non-distressed home sales.

Sales Prices - Miami Beach, FL




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$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) $270,000 (Median Foreclosure 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) $390,000 (Median 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) $270,000 (Median Foreclosure 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) $390,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Miami
1,115
61.0
% (y-o-y)
$230,000
3.6
% (y-o-y)
30.4%
37.6
% (y-o-y)
Fort Lauderdale
944
49.0
% (y-o-y)
$165,000
3.1
% (y-o-y)
24.2%
28.1
% (y-o-y)
Hollywood
515
43.3
% (y-o-y)
$187,500
8.2
% (y-o-y)
20.7%
17.3
% (y-o-y)
Pompano Beach
495
50.0
% (y-o-y)
$150,000
8.7
% (y-o-y)
20.0%
19.2
% (y-o-y)
West Palm Beach
373
61.2
% (y-o-y)
$136,500
10.6
% (y-o-y)
12.9%
24.1
% (y-o-y)
Hialeah
195
40.9
% (y-o-y)
$167,200
15.3
% (y-o-y)
16.7%
22.6
% (y-o-y)
Lake Worth
193
60.7
% (y-o-y)
$137,166
11.5
% (y-o-y)
14.4%
13.8
% (y-o-y)
Boca Raton
188
71.0
% (y-o-y)
$235,000
1.1
% (y-o-y)
19.7%
8.9
% (y-o-y)
Boynton Beach
167
56.8
% (y-o-y)
$170,000
9.7
% (y-o-y)
29.9%
17.1
% (y-o-y)
Homestead
143
79.5
% (y-o-y)
$125,000
15.7
% (y-o-y)
12.5%
6.9
% (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%