Miami Beach Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $372,450
    2% ( $7,500 ) vs Dec 2013
  • Median Sales Price
    $385,000
    1% ( $5,000 ) vs Dec 2013
  • Median Foreclosure Sales Price
    $240,000
    6% ( $15,000 ) vs Dec 2013
  • Foreclosures 4,076
    Homes for Sale 928
    Recently Sold 4,298

Market Summary

There are currently 4,076 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 928.

In January, the number of properties that received a foreclosure filing in Miami Beach, FL was 9% higher than the previous month and 33% lower than the same time last year.

Home sales for December 2014 were down 100% compared with the previous month, and down 100% compared with a year ago. The median sales price of a non-distressed home was $385,000. The median sales price of a foreclosure home was $240,000, or 38% lower than non-distressed home sales.

Sales Prices - Miami Beach, FL




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$240,000 (Median Foreclosure Sales Price) $255,000 (Median Foreclosure Sales Price) $269,400 (Median Foreclosure Sales Price) $266,500 (Median Foreclosure Sales Price) $250,000 (Median Foreclosure Sales Price) $233,700 (Median Foreclosure Sales Price) $385,000 (Median Sales Price) $390,000 (Median Sales Price) $390,000 (Median Sales Price) $400,000 (Median Sales Price) $400,000 (Median Sales Price) $406,000 (Median Sales Price) $240,000 (Median Foreclosure Sales Price) $255,000 (Median Foreclosure Sales Price) $269,400 (Median Foreclosure Sales Price) $266,500 (Median Foreclosure Sales Price) $250,000 (Median Foreclosure Sales Price) $233,700 (Median Foreclosure Sales Price) $385,000 (Median Sales Price) $390,000 (Median Sales Price) $390,000 (Median Sales Price) $400,000 (Median Sales Price) $400,000 (Median Sales Price) $406,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Miami
747
76.9
% (y-o-y)
$232,000
3.3
% (y-o-y)
38.9%
43.0
% (y-o-y)
Fort Lauderdale
334
83.8
% (y-o-y)
$169,900
6.2
% (y-o-y)
22.1%
30.0
% (y-o-y)
West Palm Beach
237
76.3
% (y-o-y)
$145,000
9.4
% (y-o-y)
23.1%
24.5
% (y-o-y)
Pompano Beach
185
82.0
% (y-o-y)
$148,500
3.5
% (y-o-y)
17.2%
26.9
% (y-o-y)
Hollywood
183
82.0
% (y-o-y)
$190,000
6.4
% (y-o-y)
19.9%
21.6
% (y-o-y)
Hialeah
130
66.8
% (y-o-y)
$160,000
6.7
% (y-o-y)
9.1%
17.5
% (y-o-y)
Lake Worth
110
78.5
% (y-o-y)
$137,000
9.6
% (y-o-y)
15.8%
12.0
% (y-o-y)
Homestead
103
70.1
% (y-o-y)
$123,000
11.8
% (y-o-y)
7.0%
13.0
% (y-o-y)
Boca Raton
91
83.8
% (y-o-y)
$254,530
10.7
% (y-o-y)
21.1%
11.3
% (y-o-y)
Boynton Beach
70
84.1
% (y-o-y)
$190,000
12.4
% (y-o-y)
22.9%
26.0
% (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: 5.20%
Percentage of vacant homes: 34.52%