Miami Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $244,300
    2% ( $4,800 ) vs Dec 2013
  • Median Sales Price
    $232,000
    1% ( $3,000 ) vs Dec 2013
  • Median Foreclosure Sales Price
    $141,700
    2% ( $3,300 ) vs Dec 2013
  • Foreclosures 34,205
    Homes for Sale 3,718
    Recently Sold 23,075

Market Summary

There are currently 34,205 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 3,718.

In January, the number of properties that received a foreclosure filing in Miami, FL was 10% higher than the previous month and 41% lower than the same time last year.

Home sales for December 2014 were down 100% compared with the previous month, and down 100% compared with a year ago. The median sales price of a non-distressed home was $232,000. The median sales price of a foreclosure home was $141,700, or 39% lower than non-distressed home sales.

Sales Prices - Miami, FL




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$141,700 (Median Foreclosure Sales Price) $145,000 (Median Foreclosure Sales Price) $149,100 (Median Foreclosure Sales Price) $151,100 (Median Foreclosure Sales Price) $150,000 (Median Foreclosure Sales Price) $150,400 (Median Foreclosure Sales Price) $232,000 (Median Sales Price) $235,000 (Median Sales Price) $240,000 (Median Sales Price) $240,000 (Median Sales Price) $240,000 (Median Sales Price) $240,000 (Median Sales Price) $141,700 (Median Foreclosure Sales Price) $145,000 (Median Foreclosure Sales Price) $149,100 (Median Foreclosure Sales Price) $151,100 (Median Foreclosure Sales Price) $150,000 (Median Foreclosure Sales Price) $150,400 (Median Foreclosure Sales Price) $232,000 (Median Sales Price) $235,000 (Median Sales Price) $240,000 (Median Sales Price) $240,000 (Median Sales Price) $240,000 (Median Sales Price) $240,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Fort Lauderdale
334
83.8
% (y-o-y)
$169,900
6.2
% (y-o-y)
22.1%
30.0
% (y-o-y)
Pompano Beach
185
82.0
% (y-o-y)
$148,500
3.5
% (y-o-y)
17.2%
26.9
% (y-o-y)
Hollywood
183
82.0
% (y-o-y)
$190,000
6.4
% (y-o-y)
19.9%
21.6
% (y-o-y)
Hialeah
130
66.8
% (y-o-y)
$160,000
6.7
% (y-o-y)
9.1%
17.5
% (y-o-y)
Lake Worth
110
78.5
% (y-o-y)
$137,000
9.6
% (y-o-y)
15.8%
12.0
% (y-o-y)
Homestead
103
70.1
% (y-o-y)
$123,000
11.8
% (y-o-y)
7.0%
13.0
% (y-o-y)
Boca Raton
91
83.8
% (y-o-y)
$254,530
10.7
% (y-o-y)
21.1%
11.3
% (y-o-y)
Boynton Beach
70
84.1
% (y-o-y)
$190,000
12.4
% (y-o-y)
22.9%
26.0
% (y-o-y)
Delray Beach
58
84.5
% (y-o-y)
$141,500
17.9
% (y-o-y)
12.4%
7.0
% (y-o-y)
Opa Locka
53
69.0
% (y-o-y)
$115,050
1.7
% (y-o-y)
18.8%
31.1
% (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: 7.10%
Percentage of vacant homes: 18.12%