Miami Beach Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $369,000
    1% ( $3,450 ) vs Jan 2014
  • Median Sales Price
    $370,000
    1% ( $5,000 ) vs Jan 2014
  • Median Foreclosure Sales Price
    $255,000
    6% ( $13,950 ) vs Jan 2014
  • Foreclosures 3,933
    Homes for Sale 1,023
    Recently Sold 3,919

Market Summary

There are currently 3,933 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 1,023.

In February, the number of properties that received a foreclosure filing in Miami Beach, FL was 36% lower than the previous month and 52% lower than the same time last year.

Home sales for January 2015 were down 5% compared with the previous month, and down 20% 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 $255,000, or 31% lower than non-distressed home sales.

Sales Prices - Miami Beach, FL




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$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) $250,000 (Median Foreclosure 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) $400,000 (Median 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) $250,000 (Median Foreclosure 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) $400,000 (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
1,990
24.2
% (y-o-y)
$229,100
0.4
% (y-o-y)
32.3%
39.1
% (y-o-y)
Fort Lauderdale
1,319
12.0
% (y-o-y)
$175,000
9.4
% (y-o-y)
21.1%
26.3
% (y-o-y)
Pompano Beach
707
17.9
% (y-o-y)
$150,050
4.6
% (y-o-y)
17.6%
23.3
% (y-o-y)
West Palm Beach
693
23.8
% (y-o-y)
$144,000
10.8
% (y-o-y)
21.4%
26.9
% (y-o-y)
Hollywood
674
17.6
% (y-o-y)
$185,000
4.4
% (y-o-y)
15.7%
19.4
% (y-o-y)
Boca Raton
408
15.9
% (y-o-y)
$249,950
6.8
% (y-o-y)
16.1%
16.7
% (y-o-y)
Lake Worth
369
10.2
% (y-o-y)
$137,329
9.1
% (y-o-y)
6.8%
12.6
% (y-o-y)
Boynton Beach
319
14.7
% (y-o-y)
$167,500
0.2
% (y-o-y)
18.2%
26.4
% (y-o-y)
Delray Beach
265
13.7
% (y-o-y)
$144,509
17.0
% (y-o-y)
13.5%
10.9
% (y-o-y)
Hialeah
236
26.9
% (y-o-y)
$170,000
17.2
% (y-o-y)
10.9%
17.2
% (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%