Miami Beach Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $450,000
    3% ( $15,000 ) vs May 2014
  • Median Sales Price
    $375,000
    4% ( $14,250 ) vs May 2014
  • Median Foreclosure Sales Price
    $241,400
    3% ( $6,750 ) vs May 2014
  • Foreclosures 2,736
    Homes for Sale 2,203
    Recently Sold 2,408

Market Summary

There are currently 2,736 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 2,203.

In June, the number of properties that received a foreclosure filing in Miami Beach, FL was 10% higher than the previous month and 2% higher than the same time last year.

Home sales for May 2015 were up 228% compared with the previous month, and down 46% compared with a year ago. The median sales price of a non-distressed home was $375,000. The median sales price of a foreclosure home was $241,400, or 36% lower than non-distressed home sales.

Sales Prices - Miami Beach, FL




Add this chart to your website.

$241,400 (Median Foreclosure Sales Price) $248,150 (Median Foreclosure Sales Price) $261,700 (Median Foreclosure Sales Price) $257,700 (Median Foreclosure Sales Price) $255,000 (Median Foreclosure Sales Price) $241,050 (Median Foreclosure Sales Price) $375,000 (Median Sales Price) $389,250 (Median Sales Price) $390,800 (Median Sales Price) $380,000 (Median Sales Price) $370,000 (Median Sales Price) $375,000 (Median Sales Price) $241,400 (Median Foreclosure Sales Price) $248,150 (Median Foreclosure Sales Price) $261,700 (Median Foreclosure Sales Price) $257,700 (Median Foreclosure Sales Price) $255,000 (Median Foreclosure Sales Price) $241,050 (Median Foreclosure Sales Price) $375,000 (Median Sales Price) $389,250 (Median Sales Price) $390,800 (Median Sales Price) $380,000 (Median Sales Price) $370,000 (Median Sales Price) $375,000 (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
2,276
21.5
% (y-o-y)
$250,000
6.4
% (y-o-y)
37.2%
38.0
% (y-o-y)
Fort Lauderdale
1,356
37.0
% (y-o-y)
$181,500
6.8
% (y-o-y)
31.1%
32.3
% (y-o-y)
West Palm Beach
897
21.7
% (y-o-y)
$165,000
20.4
% (y-o-y)
33.2%
24.6
% (y-o-y)
Pompano Beach
770
25.8
% (y-o-y)
$169,750
19.1
% (y-o-y)
29.3%
20.7
% (y-o-y)
Hollywood
726
25.0
% (y-o-y)
$210,000
17.3
% (y-o-y)
30.0%
16.2
% (y-o-y)
Boca Raton
464
35.6
% (y-o-y)
$269,000
1.5
% (y-o-y)
26.7%
17.0
% (y-o-y)
Lake Worth
401
32.7
% (y-o-y)
$150,000
20.0
% (y-o-y)
23.3%
15.0
% (y-o-y)
Boynton Beach
309
39.5
% (y-o-y)
$169,000
7.0
% (y-o-y)
20.1%
10.6
% (y-o-y)
Delray Beach
309
36.6
% (y-o-y)
$135,000
15.9
% (y-o-y)
26.1%
14.1
% (y-o-y)
Homestead
298
34.5
% (y-o-y)
$136,250
15.5
% (y-o-y)
20.8%
10.0
% (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: 4.70%
Percentage of vacant homes: 34.52%