Miami Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $349,900
    0% ( $900 ) vs May 2015
  • Median Sales Price
    $253,000
    0% ( $0 ) vs May 2015
  • Median Foreclosure Sales Price
    $169,000
    1% ( $2,400 ) vs May 2015
  • Foreclosures 20,941
    Homes for Sale 8,828
    Recently Sold 19,113

Market Summary

There are currently 20,941 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 8,828.

In June, the number of properties that received a foreclosure filing in Miami, FL was 1% higher than the previous month and 40% lower than the same time last year.

Home sales for May 2016 were down 42% compared with the previous month, and down 25% compared with a year ago. The median sales price of a non-distressed home was $253,000. The median sales price of a foreclosure home was $169,000, or 33% lower than non-distressed home sales.

Sales Prices - Miami, FL




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$169,000 (Median Foreclosure Sales Price) $166,600 (Median Foreclosure Sales Price) $169,000 (Median Foreclosure Sales Price) $165,100 (Median Foreclosure Sales Price) $163,300 (Median Foreclosure Sales Price) $159,000 (Median Foreclosure Sales Price) $253,000 (Median Sales Price) $253,000 (Median Sales Price) $250,000 (Median Sales Price) $248,000 (Median Sales Price) $245,000 (Median Sales Price) $240,000 (Median Sales Price) $169,000 (Median Foreclosure Sales Price) $166,600 (Median Foreclosure Sales Price) $169,000 (Median Foreclosure Sales Price) $165,100 (Median Foreclosure Sales Price) $163,300 (Median Foreclosure Sales Price) $159,000 (Median Foreclosure Sales Price) $253,000 (Median Sales Price) $253,000 (Median Sales Price) $250,000 (Median Sales Price) $248,000 (Median Sales Price) $245,000 (Median Sales Price) $240,000 (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
Fort Lauderdale
967
29.2
% (y-o-y)
$204,000
12.4
% (y-o-y)
30.3%
31.1
% (y-o-y)
Pompano Beach
523
32.3
% (y-o-y)
$184,000
8.4
% (y-o-y)
18.5%
29.3
% (y-o-y)
Hollywood
514
29.4
% (y-o-y)
$225,000
7.1
% (y-o-y)
11.1%
30.0
% (y-o-y)
Homestead
208
31.1
% (y-o-y)
$157,000
14.2
% (y-o-y)
17.0%
22.1
% (y-o-y)
Hialeah
206
31.3
% (y-o-y)
$199,100
5.7
% (y-o-y)
15.5%
28.3
% (y-o-y)
Lake Worth
191
52.4
% (y-o-y)
$165,000
10.0
% (y-o-y)
7.6%
23.3
% (y-o-y)
Boca Raton
184
60.3
% (y-o-y)
$285,000
5.9
% (y-o-y)
28.0%
26.7
% (y-o-y)
Miami Beach
178
49.0
% (y-o-y)
$350,000
6.7
% (y-o-y)
25.7%
35.6
% (y-o-y)
Deerfield Beach
93
28.5
% (y-o-y)
$122,782
11.6
% (y-o-y)
Data not available
Opa Locka
91
33.6
% (y-o-y)
$165,000
38.8
% (y-o-y)
19.0%
10.6
% (y-o-y)

Local Info For Miami

Population:
391,458
Cost of Living Index: 128.72
Crime Index: 270.13     Rating: D View crime details
Schools: 284    Average School Rating: B- View individual school rating
Household Median Income: $29,621
Unemployment: 5.20%
Percentage of vacant homes: 18.12%

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