Miami Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $210,000
    5% ( $10,100 ) vs Feb 2013
  • Median Sales Price
    $220,000
    4% ( $10,000 ) vs Feb 2013
  • Median Foreclosure Sales Price
    $138,400
    1% ( $1,600 ) vs Feb 2013
  • Foreclosures 50,130
    Homes for Sale 4,114
    Recently Sold 36,236

Market Summary

There are currently 50,130 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 4,114.

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

Home sales for February 2014 were down 3% compared with the previous month, and down 0% compared with a year ago. The median sales price of a non-distressed home was $220,000. The median sales price of a foreclosure home was $138,400, or 37% lower than non-distressed home sales.

Sales Prices - Miami, FL




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$138,400 (Median Foreclosure Sales Price) $140,000 (Median Foreclosure Sales Price) $136,500 (Median Foreclosure Sales Price) $130,000 (Median Foreclosure Sales Price) $125,000 (Median Foreclosure Sales Price) $117,500 (Median Foreclosure Sales Price) $220,000 (Median Sales Price) $230,000 (Median Sales Price) $235,000 (Median Sales Price) $232,500 (Median Sales Price) $230,000 (Median Sales Price) $228,000 (Median Sales Price) $138,400 (Median Foreclosure Sales Price) $140,000 (Median Foreclosure Sales Price) $136,500 (Median Foreclosure Sales Price) $130,000 (Median Foreclosure Sales Price) $125,000 (Median Foreclosure Sales Price) $117,500 (Median Foreclosure Sales Price) $220,000 (Median Sales Price) $230,000 (Median Sales Price) $235,000 (Median Sales Price) $232,500 (Median Sales Price) $230,000 (Median Sales Price) $228,000 (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
1,626
6.9
% (y-o-y)
$160,000
23.1
% (y-o-y)
26.3%
23.8
% (y-o-y)
Pompano Beach
941
11.1
% (y-o-y)
$142,000
21.4
% (y-o-y)
22.5%
27.2
% (y-o-y)
Hollywood
851
3.9
% (y-o-y)
$175,000
26.8
% (y-o-y)
17.2%
13.0
% (y-o-y)
Boca Raton
445
16.2
% (y-o-y)
$230,000
15.0
% (y-o-y)
9.4%
27.7
% (y-o-y)
Miami Beach
413
7.8
% (y-o-y)
$350,000
20.7
% (y-o-y)
48.6%
45.2
% (y-o-y)
Lake Worth
387
24.4
% (y-o-y)
$127,998
30.6
% (y-o-y)
14.1%
12.5
% (y-o-y)
Hialeah
324
0.9
% (y-o-y)
$151,000
16.2
% (y-o-y)
24.3%
23.0
% (y-o-y)
Boynton Beach
308
28.0
% (y-o-y)
$165,000
26.9
% (y-o-y)
23.7%
26.9
% (y-o-y)
Delray Beach
303
21.3
% (y-o-y)
$127,000
22.1
% (y-o-y)
9.8%
13.0
% (y-o-y)
Homestead
266
19.4
% (y-o-y)
$106,000
11.6
% (y-o-y)
5.7%
20.0
% (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: 7.80%
Percentage of vacant homes: 18.12%