Miami Beach Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $541,000
    20% ( $88,500 ) vs Nov 2014
  • Median Sales Price
    $380,000
    23% ( $70,000 ) vs Nov 2014
  • Median Foreclosure Sales Price
    $252,950
    1% ( $2,950 ) vs Nov 2014
  • Foreclosures 2,581
    Homes for Sale 2,623
    Recently Sold 4,906

Market Summary

There are currently 2,581 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 2,623.

In December, the number of properties that received a foreclosure filing in Miami Beach, FL was 17% lower than the previous month and 39% lower than the same time last year.

Home sales for November 2015 were up 743% compared with the previous month, and down 72% 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 $252,950, or 33% lower than non-distressed home sales.

Sales Prices - Miami Beach, FL




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$252,950 (Median Foreclosure Sales Price) $250,000 (Median Foreclosure Sales Price) $276,600 (Median Foreclosure Sales Price) $228,500 (Median Foreclosure Sales Price) $221,750 (Median Foreclosure Sales Price) $220,000 (Median Foreclosure Sales Price) $380,000 (Median Sales Price) $310,000 (Median Sales Price) $315,000 (Median Sales Price) $445,000 (Median Sales Price) $408,500 (Median Sales Price) $410,000 (Median Sales Price) $252,950 (Median Foreclosure Sales Price) $250,000 (Median Foreclosure Sales Price) $276,600 (Median Foreclosure Sales Price) $228,500 (Median Foreclosure Sales Price) $221,750 (Median Foreclosure Sales Price) $220,000 (Median Foreclosure Sales Price) $380,000 (Median Sales Price) $310,000 (Median Sales Price) $315,000 (Median Sales Price) $445,000 (Median Sales Price) $408,500 (Median Sales Price) $410,000 (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
1,476
44.1
% (y-o-y)
$220,000
6.4
% (y-o-y)
29.0%
38.3
% (y-o-y)
Fort Lauderdale
880
42.7
% (y-o-y)
$172,800
0.2
% (y-o-y)
21.4%
19.9
% (y-o-y)
Pompano Beach
474
52.8
% (y-o-y)
$154,000
1.3
% (y-o-y)
15.6%
23.1
% (y-o-y)
Hollywood
454
41.0
% (y-o-y)
$182,500
1.4
% (y-o-y)
9.6%
13.5
% (y-o-y)
Homestead
281
4.1
% (y-o-y)
$140,000
14.2
% (y-o-y)
17.9%
6.2
% (y-o-y)
West Palm Beach
215
70.8
% (y-o-y)
$102,100
18.3
% (y-o-y)
Data not available
Hialeah
189
31.5
% (y-o-y)
$169,000
4.3
% (y-o-y)
11.2%
8.6
% (y-o-y)
Lake Worth
110
73.9
% (y-o-y)
$116,000
15.0
% (y-o-y)
Data not available
Boca Raton
107
78.9
% (y-o-y)
$174,100
30.4
% (y-o-y)
Data not available
Boynton Beach
90
74.6
% (y-o-y)
$150,000
16.7
% (y-o-y)
Data not available

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: 4.60%
Percentage of vacant homes: 34.52%

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