Miami Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $264,900
    6% ( $15,900 ) vs Mar 2014
  • Median Sales Price
    $230,000
    0% ( $900 ) vs Mar 2014
  • Median Foreclosure Sales Price
    $160,000
    0% ( $0 ) vs Mar 2014
  • Foreclosures 27,780
    Homes for Sale 7,042
    Recently Sold 15,689

Market Summary

There are currently 27,780 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 7,042.

In April, the number of properties that received a foreclosure filing in Miami, FL was 20% higher than the previous month and 24% lower than the same time last year.

Home sales for March 2015 were down 67% compared with the previous month, and down 82% compared with a year ago. The median sales price of a non-distressed home was $230,000. The median sales price of a foreclosure home was $160,000, or 30% lower than non-distressed home sales.

Sales Prices - Miami, FL




Add this chart to your website.

$160,000 (Median Foreclosure Sales Price) $160,000 (Median Foreclosure Sales Price) $155,000 (Median Foreclosure Sales Price) $145,000 (Median Foreclosure Sales Price) $145,100 (Median Foreclosure Sales Price) $150,000 (Median Foreclosure Sales Price) $230,000 (Median Sales Price) $229,100 (Median Sales Price) $229,100 (Median Sales Price) $235,000 (Median Sales Price) $235,000 (Median Sales Price) $240,000 (Median Sales Price) $160,000 (Median Foreclosure Sales Price) $160,000 (Median Foreclosure Sales Price) $155,000 (Median Foreclosure Sales Price) $145,000 (Median Foreclosure Sales Price) $145,100 (Median Foreclosure Sales Price) $150,000 (Median Foreclosure Sales Price) $230,000 (Median Sales Price) $229,100 (Median Sales Price) $229,100 (Median Sales Price) $235,000 (Median Sales Price) $235,000 (Median Sales Price) $240,000 (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
944
49.0
% (y-o-y)
$165,000
3.1
% (y-o-y)
24.2%
28.1
% (y-o-y)
Hollywood
515
43.3
% (y-o-y)
$187,500
8.2
% (y-o-y)
20.7%
17.3
% (y-o-y)
Pompano Beach
495
50.0
% (y-o-y)
$150,000
8.7
% (y-o-y)
20.0%
19.2
% (y-o-y)
Hialeah
195
40.9
% (y-o-y)
$167,200
15.3
% (y-o-y)
16.7%
22.6
% (y-o-y)
Lake Worth
193
60.7
% (y-o-y)
$137,166
11.5
% (y-o-y)
14.4%
13.8
% (y-o-y)
Boca Raton
188
71.0
% (y-o-y)
$235,000
1.1
% (y-o-y)
19.7%
8.9
% (y-o-y)
Boynton Beach
167
56.8
% (y-o-y)
$170,000
9.7
% (y-o-y)
29.9%
17.1
% (y-o-y)
Homestead
143
79.5
% (y-o-y)
$125,000
15.7
% (y-o-y)
12.5%
6.9
% (y-o-y)
Delray Beach
140
64.1
% (y-o-y)
$134,500
9.8
% (y-o-y)
7.5%
7.3
% (y-o-y)
Miami Beach
130
74.9
% (y-o-y)
$390,800
11.7
% (y-o-y)
33.0%
48.0
% (y-o-y)

Local Info For Miami

Population:
391,458
Cost of Living Index: 128.72
Crime Index: 237.54     Rating: C- View crime details
Schools: 284    Average School Rating: B- View individual school rating
Household Median Income: $29,621
Unemployment: 6.10%
Percentage of vacant homes: 18.12%