Miami Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $229,900
    0% ( $0 ) vs Aug 2013
  • Median Sales Price
    $240,000
    0% ( $0 ) vs Aug 2013
  • Median Foreclosure Sales Price
    $150,000
    0% ( $250 ) vs Aug 2013
  • Foreclosures 40,320
    Homes for Sale 3,690
    Recently Sold 33,484

Market Summary

There are currently 40,320 properties in Miami, FL that are in some stage of foreclosure (default, auction or bank owned) while the number of homes listed for sale on RealtyTrac is 3,690.

In September, the number of properties that received a foreclosure filing in Miami, FL was 16% lower than the previous month and 20% lower than the same time last year.

Home sales for August 2014 were down 7% compared with the previous month, and down 22% compared with a year ago. The median sales price of a non-distressed home was $240,000. The median sales price of a foreclosure home was $150,000, or 38% lower than non-distressed home sales.

Sales Prices - Miami, FL




Add this chart to your website.

$150,000 (Median Foreclosure Sales Price) $150,250 (Median Foreclosure Sales Price) $147,000 (Median Foreclosure Sales Price) $145,600 (Median Foreclosure Sales Price) $138,600 (Median Foreclosure Sales Price) $138,600 (Median Foreclosure Sales Price) $240,000 (Median Sales Price) $240,000 (Median Sales Price) $240,000 (Median Sales Price) $236,000 (Median Sales Price) $230,000 (Median Sales Price) $222,000 (Median Sales Price) $150,000 (Median Foreclosure Sales Price) $150,250 (Median Foreclosure Sales Price) $147,000 (Median Foreclosure Sales Price) $145,600 (Median Foreclosure Sales Price) $138,600 (Median Foreclosure Sales Price) $138,600 (Median Foreclosure Sales Price) $240,000 (Median Sales Price) $240,000 (Median Sales Price) $240,000 (Median Sales Price) $236,000 (Median Sales Price) $230,000 (Median Sales Price) $222,000 (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
Fort Lauderdale
1,681
21.4
% (y-o-y)
$183,150
11.0
% (y-o-y)
26.8%
35.7
% (y-o-y)
Pompano Beach
897
21.5
% (y-o-y)
$162,750
8.5
% (y-o-y)
26.3%
31.3
% (y-o-y)
Hollywood
841
19.9
% (y-o-y)
$189,900
11.4
% (y-o-y)
17.0%
23.7
% (y-o-y)
Boca Raton
488
37.8
% (y-o-y)
$265,000
10.4
% (y-o-y)
17.7%
31.3
% (y-o-y)
Lake Worth
412
35.9
% (y-o-y)
$143,000
29.0
% (y-o-y)
12.6%
8.3
% (y-o-y)
Boynton Beach
353
36.1
% (y-o-y)
$175,000
7.7
% (y-o-y)
20.5%
25.5
% (y-o-y)
Hialeah
348
28.0
% (y-o-y)
$157,000
9.0
% (y-o-y)
14.0%
35.3
% (y-o-y)
Delray Beach
340
23.4
% (y-o-y)
$128,000
42.2
% (y-o-y)
Data not available
Miami Beach
315
52.7
% (y-o-y)
$400,000
23.1
% (y-o-y)
37.5%
42.7
% (y-o-y)
Homestead
286
33.8
% (y-o-y)
$125,000
25.0
% (y-o-y)
12.3%
19.9
% (y-o-y)

Local Info For Miami

Population:
391,458
Cost of Living Index: 128.72
Crime Index: 248.60     Rating: D+ View crime details
Schools: 284    Average School Rating: B- View individual school rating
Household Median Income: $29,621
Unemployment: 8.80%
Percentage of vacant homes: 18.12%