Miami Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $249,000
    1% ( $3,017 ) vs Feb 2014
  • Median Sales Price
    $229,100
    0% ( $0 ) vs Feb 2014
  • Median Foreclosure Sales Price
    $160,000
    3% ( $5,000 ) vs Feb 2014
  • Foreclosures 30,206
    Homes for Sale 4,262
    Recently Sold 20,208

Market Summary

There are currently 30,206 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 4,262.

In March, the number of properties that received a foreclosure filing in Miami, FL was 25% higher than the previous month and 50% lower than the same time last year.

Home sales for February 2015 were down 28% compared with the previous month, and down 34% compared with a year ago. The median sales price of a non-distressed home was $229,100. The median sales price of a foreclosure home was $160,000, or 30% lower than non-distressed home sales.

Sales Prices - Miami, FL




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$160,000 (Median Foreclosure Sales Price) $155,000 (Median Foreclosure Sales Price) $145,000 (Median Foreclosure Sales Price) $145,050 (Median Foreclosure Sales Price) $150,000 (Median Foreclosure Sales Price) $154,000 (Median Foreclosure 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) $240,000 (Median Sales Price) $160,000 (Median Foreclosure Sales Price) $155,000 (Median Foreclosure Sales Price) $145,000 (Median Foreclosure Sales Price) $145,050 (Median Foreclosure Sales Price) $150,000 (Median Foreclosure Sales Price) $154,000 (Median Foreclosure 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) $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
1,296
20.3
% (y-o-y)
$175,000
9.4
% (y-o-y)
25.7%
26.3
% (y-o-y)
Pompano Beach
681
27.6
% (y-o-y)
$149,000
4.9
% (y-o-y)
16.1%
22.5
% (y-o-y)
Hollywood
621
27.0
% (y-o-y)
$190,000
8.6
% (y-o-y)
20.3%
17.2
% (y-o-y)
Boca Raton
335
24.7
% (y-o-y)
$243,538
5.9
% (y-o-y)
8.2%
9.4
% (y-o-y)
Miami Beach
292
29.6
% (y-o-y)
$380,000
8.6
% (y-o-y)
32.2%
48.6
% (y-o-y)
Lake Worth
290
25.1
% (y-o-y)
$135,000
5.5
% (y-o-y)
11.1%
14.1
% (y-o-y)
Delray Beach
243
19.8
% (y-o-y)
$138,000
8.7
% (y-o-y)
9.9%
9.8
% (y-o-y)
Hialeah
240
25.9
% (y-o-y)
$160,000
6.3
% (y-o-y)
10.8%
24.3
% (y-o-y)
Boynton Beach
235
23.7
% (y-o-y)
$169,500
2.7
% (y-o-y)
27.3%
23.7
% (y-o-y)
Homestead
205
24.6
% (y-o-y)
$129,100
21.8
% (y-o-y)
13.9%
5.7
% (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: 5.50%
Percentage of vacant homes: 18.12%