Miami Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $350,000
    0% ( $0 ) vs Jul 2015
  • Median Sales Price
    $250,000
    1% ( $2,500 ) vs Jul 2015
  • Median Foreclosure Sales Price
    $176,000
    4% ( $6,000 ) vs Jul 2015
  • Foreclosures 21,193
    Homes for Sale 9,335
    Recently Sold 16,461

Market Summary

There are currently 21,193 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 9,335.

In August, the number of properties that received a foreclosure filing in Miami, FL was 6% higher than the previous month and 26% lower than the same time last year.

Home sales for July 2016 were down 1% compared with the previous month, and up 493% compared with a year ago. The median sales price of a non-distressed home was $250,000. The median sales price of a foreclosure home was $176,000, or 30% lower than non-distressed home sales.

Sales Prices - Miami, FL




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$176,000 (Median Foreclosure Sales Price) $170,000 (Median Foreclosure 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) $250,000 (Median Sales Price) $252,500 (Median Sales Price) $253,000 (Median Sales Price) $253,000 (Median Sales Price) $250,000 (Median Sales Price) $248,000 (Median Sales Price) $176,000 (Median Foreclosure Sales Price) $170,000 (Median Foreclosure 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) $250,000 (Median Sales Price) $252,500 (Median Sales Price) $253,000 (Median Sales Price) $253,000 (Median Sales Price) $250,000 (Median Sales Price) $248,000 (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
367
34.3
% (y-o-y)
$230,000
24.7
% (y-o-y)
32.3%
29.3
% (y-o-y)
Hollywood
253
23.8
% (y-o-y)
$235,000
16.0
% (y-o-y)
9.7%
21.0
% (y-o-y)
Pompano Beach
247
21.8
% (y-o-y)
$215,000
30.3
% (y-o-y)
29.2%
26.1
% (y-o-y)
Homestead
187
41.7
% (y-o-y)
$170,000
25.9
% (y-o-y)
14.6%
18.4
% (y-o-y)
Lake Worth
177
23.8
% (y-o-y)
$214,000
35.0
% (y-o-y)
24.3%
26.5
% (y-o-y)
Boca Raton
166
48.2
% (y-o-y)
$330,000
15.7
% (y-o-y)
22.4%
21.6
% (y-o-y)
Hialeah
114
22.4
% (y-o-y)
$220,000
22.2
% (y-o-y)
21.6%
24.4
% (y-o-y)
Boynton Beach
104
11.8
% (y-o-y)
$208,745
6.8
% (y-o-y)
19.3%
29.0
% (y-o-y)
Miami Beach
98
55.6
% (y-o-y)
$420,000
3.2
% (y-o-y)
38.9%
45.5
% (y-o-y)
Delray Beach
95
37.7
% (y-o-y)
$254,100
81.5
% (y-o-y)
28.3%
13.9
% (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: 5.30%
Percentage of vacant homes: 18.12%

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