Miami Beach Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $330,000
    3% ( $9,950 ) vs Sep 2013
  • Median Sales Price
    $400,000
    0% ( $0 ) vs Sep 2013
  • Median Foreclosure Sales Price
    $265,000
    6% ( $15,000 ) vs Sep 2013
  • Foreclosures 4,512
    Homes for Sale 502
    Recently Sold 6,447

Market Summary

There are currently 4,512 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 502.

In October, the number of properties that received a foreclosure filing in Miami Beach, FL was 71% higher than the previous month and 6% higher than the same time last year.

Home sales for September 2014 were up 30% compared with the previous month, and down 18% compared with a year ago. The median sales price of a non-distressed home was $400,000. The median sales price of a foreclosure home was $265,000, or 34% lower than non-distressed home sales.

Sales Prices - Miami Beach, FL




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$265,000 (Median Foreclosure Sales Price) $250,000 (Median Foreclosure Sales Price) $233,700 (Median Foreclosure Sales Price) $213,000 (Median Foreclosure Sales Price) $200,000 (Median Foreclosure Sales Price) $189,950 (Median Foreclosure Sales Price) $400,000 (Median Sales Price) $400,000 (Median Sales Price) $406,000 (Median Sales Price) $384,000 (Median Sales Price) $370,000 (Median Sales Price) $350,000 (Median Sales Price) $265,000 (Median Foreclosure Sales Price) $250,000 (Median Foreclosure Sales Price) $233,700 (Median Foreclosure Sales Price) $213,000 (Median Foreclosure Sales Price) $200,000 (Median Foreclosure Sales Price) $189,950 (Median Foreclosure Sales Price) $400,000 (Median Sales Price) $400,000 (Median Sales Price) $406,000 (Median Sales Price) $384,000 (Median Sales Price) $370,000 (Median Sales Price) $350,000 (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
2,720
21.3
% (y-o-y)
$240,000
4.3
% (y-o-y)
37.0%
48.9
% (y-o-y)
Fort Lauderdale
1,648
19.8
% (y-o-y)
$181,500
6.8
% (y-o-y)
25.2%
37.1
% (y-o-y)
Pompano Beach
966
10.9
% (y-o-y)
$165,000
10.0
% (y-o-y)
23.8%
31.8
% (y-o-y)
West Palm Beach
855
24.3
% (y-o-y)
$145,000
20.8
% (y-o-y)
20.7%
26.2
% (y-o-y)
Hollywood
802
22.8
% (y-o-y)
$189,900
9.8
% (y-o-y)
13.8%
21.9
% (y-o-y)
Boca Raton
561
14.4
% (y-o-y)
$260,000
8.3
% (y-o-y)
15.1%
27.1
% (y-o-y)
Lake Worth
473
14.2
% (y-o-y)
$140,000
28.0
% (y-o-y)
10.9%
8.5
% (y-o-y)
Delray Beach
459
7.2
% (y-o-y)
$122,250
34.3
% (y-o-y)
Data not available
Boynton Beach
375
17.8
% (y-o-y)
$177,600
7.0
% (y-o-y)
24.3%
28.1
% (y-o-y)
Homestead
366
21.3
% (y-o-y)
$120,000
21.2
% (y-o-y)
8.5%
14.1
% (y-o-y)

Local Info For Miami Beach

Population:
87,585
Cost of Living Index: 134.93
Crime Index: 200.68     Rating: C- View crime details
Schools: 8    Average School Rating: B View individual school rating
Household Median Income: $43,538
Unemployment: 5.50%
Percentage of vacant homes: 34.52%