Miami Beach Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $394,000
    7% ( $25,000 ) vs Feb 2014
  • Median Sales Price
    $380,000
    3% ( $10,000 ) vs Feb 2014
  • Median Foreclosure Sales Price
    $257,700
    1% ( $2,700 ) vs Feb 2014
  • Foreclosures 3,733
    Homes for Sale 1,164
    Recently Sold 3,620

Market Summary

There are currently 3,733 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 1,164.

In March, the number of properties that received a foreclosure filing in Miami Beach, FL was 52% higher than the previous month and 42% lower than the same time last year.

Home sales for February 2015 were down 36% compared with the previous month, and down 33% compared with a year ago. The median sales price of a non-distressed home was $380,000. The median sales price of a foreclosure home was $257,700, or 32% lower than non-distressed home sales.

Sales Prices - Miami Beach, FL




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$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) $268,700 (Median Foreclosure 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) $395,000 (Median 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) $268,700 (Median Foreclosure 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) $395,000 (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
1,845
24.2
% (y-o-y)
$229,100
2.7
% (y-o-y)
30.2%
37.7
% (y-o-y)
Fort Lauderdale
1,296
20.3
% (y-o-y)
$175,000
9.4
% (y-o-y)
25.7%
26.3
% (y-o-y)
Pompano Beach
681
27.6
% (y-o-y)
$149,000
4.9
% (y-o-y)
16.1%
22.5
% (y-o-y)
Hollywood
621
27.0
% (y-o-y)
$190,000
8.6
% (y-o-y)
20.3%
17.2
% (y-o-y)
West Palm Beach
617
20.4
% (y-o-y)
$141,000
12.8
% (y-o-y)
17.1%
26.4
% (y-o-y)
Boca Raton
335
24.7
% (y-o-y)
$243,538
5.9
% (y-o-y)
8.2%
9.4
% (y-o-y)
Lake Worth
290
25.1
% (y-o-y)
$135,000
5.5
% (y-o-y)
11.1%
14.1
% (y-o-y)
Delray Beach
243
19.8
% (y-o-y)
$138,000
8.7
% (y-o-y)
9.9%
9.8
% (y-o-y)
Hialeah
240
25.9
% (y-o-y)
$160,000
6.3
% (y-o-y)
10.8%
24.3
% (y-o-y)
Boynton Beach
235
23.7
% (y-o-y)
$169,500
2.7
% (y-o-y)
27.3%
23.7
% (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: 3.90%
Percentage of vacant homes: 34.52%