Miami Beach Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $450,000
    2% ( $9,000 ) vs Apr 2015
  • Median Sales Price
    $370,000
    4% ( $15,000 ) vs Apr 2015
  • Median Foreclosure Sales Price
    $243,900
    15% ( $43,200 ) vs Apr 2015
  • Foreclosures 2,482
    Homes for Sale 2,721
    Recently Sold 3,861

Market Summary

There are currently 2,482 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 2,721.

In May, the number of properties that received a foreclosure filing in Miami Beach, FL was 4% higher than the previous month and 42% lower than the same time last year.

Home sales for April 2016 were up 7% compared with the previous month, and up 352% compared with a year ago. The median sales price of a non-distressed home was $370,000. The median sales price of a foreclosure home was $243,900, or 34% lower than non-distressed home sales.

Sales Prices - Miami Beach, FL




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$243,900 (Median Foreclosure Sales Price) $287,100 (Median Foreclosure Sales Price) $226,000 (Median Foreclosure Sales Price) $230,500 (Median Foreclosure Sales Price) $226,250 (Median Foreclosure Sales Price) $252,950 (Median Foreclosure Sales Price) $370,000 (Median Sales Price) $385,000 (Median Sales Price) $391,900 (Median Sales Price) $365,000 (Median Sales Price) $349,500 (Median Sales Price) $382,000 (Median 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) $226,250 (Median Foreclosure Sales Price) $252,950 (Median Foreclosure Sales Price) $370,000 (Median Sales Price) $385,000 (Median Sales Price) $391,900 (Median Sales Price) $365,000 (Median Sales Price) $349,500 (Median Sales Price) $382,000 (Median Sales Price)
Interested in more detailed data or historic trends back to 2005?
RealtyTrac can supply you with this data through reports or a data license. Contact us now!

Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Miami
2,583
108.1
% (y-o-y)
$253,000
8.1
% (y-o-y)
34.2%
33.0
% (y-o-y)
Fort Lauderdale
1,982
115.2
% (y-o-y)
$200,000
21.2
% (y-o-y)
29.0%
24.2
% (y-o-y)
Pompano Beach
1,055
99.8
% (y-o-y)
$170,000
9.7
% (y-o-y)
16.9%
21.3
% (y-o-y)
Hollywood
941
74.9
% (y-o-y)
$222,500
10.7
% (y-o-y)
14.6%
26.3
% (y-o-y)
West Palm Beach
855
60.1
% (y-o-y)
$145,000
13.7
% (y-o-y)
12.6%
19.8
% (y-o-y)
Boca Raton
624
97.5
% (y-o-y)
$279,450
11.8
% (y-o-y)
23.2%
20.6
% (y-o-y)
Lake Worth
488
71.2
% (y-o-y)
$157,450
17.5
% (y-o-y)
5.5%
12.8
% (y-o-y)
Boynton Beach
429
52.7
% (y-o-y)
$205,000
24.3
% (y-o-y)
26.5%
23.6
% (y-o-y)
Delray Beach
402
74.0
% (y-o-y)
$148,250
8.4
% (y-o-y)
Data not available
Homestead
356
119.8
% (y-o-y)
$157,000
20.8
% (y-o-y)
19.4%
17.6
% (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: 4.10%
Percentage of vacant homes: 34.52%

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