Miami Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $330,000
    2% ( $5,000 ) vs Sep 2016
  • Median Sales Price
    $265,000
    1% ( $3,000 ) vs Sep 2016
  • Median Foreclosure Sales Price
    $206,500
    60% ( $77,650 ) vs Sep 2016
  • Foreclosures 9,042
    Homes for Sale 3,385
    Recently Sold 16,689

Market Summary

There are currently 9,042 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 3,385.

In October, the number of properties that received a foreclosure filing in Miami, FL was 15% lower than the previous month and 49% lower than the same time last year.

Home sales for September 2017 were down 53% compared with the previous month, and down 57% compared with a year ago. The median sales price of a non-distressed home was $265,000. The median sales price of a foreclosure home was $206,500, or 22% lower than non-distressed home sales.

Sales Prices - Miami, FL




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$206,500 (Median Foreclosure Sales Price) $128,850 (Median Foreclosure Sales Price) $0 (Median Foreclosure Sales Price) $205,100 (Median Foreclosure Sales Price) $189,550 (Median Foreclosure Sales Price) $191,850 (Median Foreclosure Sales Price) $265,000 (Median Sales Price) $262,000 (Median Sales Price) $263,550 (Median Sales Price) $265,000 (Median Sales Price) $260,000 (Median Sales Price) $259,000 (Median Sales Price) $206,500 (Median Foreclosure Sales Price) $128,850 (Median Foreclosure Sales Price) $0 (Median Foreclosure Sales Price) $205,100 (Median Foreclosure Sales Price) $189,550 (Median Foreclosure Sales Price) $191,850 (Median Foreclosure Sales Price) $265,000 (Median Sales Price) $262,000 (Median Sales Price) $263,550 (Median Sales Price) $265,000 (Median Sales Price) $260,000 (Median Sales Price) $259,000 (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
170
77.8
% (y-o-y)
$260,000
15.5
% (y-o-y)
22.6%
30.0
% (y-o-y)
Hollywood
124
68.9
% (y-o-y)
$280,000
16.7
% (y-o-y)
7.1%
12.5
% (y-o-y)
Lake Worth
103
37.2
% (y-o-y)
$215,000
7.5
% (y-o-y)
21.9%
28.0
% (y-o-y)
Pompano Beach
97
77.7
% (y-o-y)
$225,000
9.8
% (y-o-y)
Data not available
Homestead
83
46.5
% (y-o-y)
$190,300
5.7
% (y-o-y)
Data not available
Boca Raton
64
61.7
% (y-o-y)
$332,000
3.8
% (y-o-y)
61.9%
13.5
% (y-o-y)
Boynton Beach
58
50.8
% (y-o-y)
$229,000
4.1
% (y-o-y)
Data not available
Hialeah
56
59.1
% (y-o-y)
$235,000
0.4
% (y-o-y)
Data not available
Delray Beach
38
60.0
% (y-o-y)
$230,000
34.3
% (y-o-y)
Data not available
Miami Beach
35
67.3
% (y-o-y)
$295,000
16.9
% (y-o-y)
Data not available

Local Info For Miami

Population:
391,458
Cost of Living Index: 128.72
Crime Index: 177.10     Rating: C View crime details
Schools: 284    Average School Rating: B- View individual school rating
Household Median Income: $29,621
Unemployment: 4.70%
Percentage of vacant homes: 18.12%

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