Miami Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $385,000
    2% ( $7,400 ) vs Nov 2015
  • Median Sales Price
    $258,950
    2% ( $6,050 ) vs Nov 2015
  • Median Foreclosure Sales Price
    $192,500
    6% ( $10,400 ) vs Nov 2015
  • Foreclosures 13,745
    Homes for Sale 4,254
    Recently Sold 5,599

Market Summary

There are currently 13,745 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 4,254.

In December, the number of properties that received a foreclosure filing in Miami, FL was 27% lower than the previous month and 30% lower than the same time last year.

Home sales for November 2016 were up 3% compared with the previous month, and down 37% compared with a year ago. The median sales price of a non-distressed home was $258,950. The median sales price of a foreclosure home was $192,500, or 26% lower than non-distressed home sales.

Sales Prices - Miami, FL




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$192,500 (Median Foreclosure Sales Price) $182,100 (Median Foreclosure Sales Price) $181,200 (Median Foreclosure Sales Price) $180,000 (Median Foreclosure Sales Price) $176,000 (Median Foreclosure Sales Price) $170,000 (Median Foreclosure Sales Price) $258,950 (Median Sales Price) $265,000 (Median Sales Price) $265,000 (Median Sales Price) $262,000 (Median Sales Price) $250,000 (Median Sales Price) $252,500 (Median Sales Price) $192,500 (Median Foreclosure Sales Price) $182,100 (Median Foreclosure Sales Price) $181,200 (Median Foreclosure Sales Price) $180,000 (Median Foreclosure Sales Price) $176,000 (Median Foreclosure Sales Price) $170,000 (Median Foreclosure Sales Price) $258,950 (Median Sales Price) $265,000 (Median Sales Price) $265,000 (Median Sales Price) $262,000 (Median Sales Price) $250,000 (Median Sales Price) $252,500 (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
262
70.3
% (y-o-y)
$229,900
32.6
% (y-o-y)
23.9%
21.8
% (y-o-y)
Pompano Beach
165
65.3
% (y-o-y)
$216,500
40.1
% (y-o-y)
31.2%
15.9
% (y-o-y)
Hollywood
161
64.6
% (y-o-y)
$252,250
37.3
% (y-o-y)
11.7%
10.2
% (y-o-y)
Lake Worth
149
35.5
% (y-o-y)
$210,500
81.5
% (y-o-y)
26.4%
20.6
% (y-o-y)
Hialeah
108
43.2
% (y-o-y)
$237,250
40.4
% (y-o-y)
15.2%
11.2
% (y-o-y)
Homestead
105
62.9
% (y-o-y)
$167,000
15.1
% (y-o-y)
7.1%
20.7
% (y-o-y)
Boca Raton
89
16.8
% (y-o-y)
$316,000
81.5
% (y-o-y)
15.1%
34.8
% (y-o-y)
Boynton Beach
68
25.3
% (y-o-y)
$210,000
35.0
% (y-o-y)
8.9%
1.9
% (y-o-y)
Miami Beach
58
63.5
% (y-o-y)
$325,000
14.9
% (y-o-y)
32.5%
33.8
% (y-o-y)
Opa Locka
39
48.0
% (y-o-y)
$180,000
43.4
% (y-o-y)
27.5%
3.2
% (y-o-y)

Local Info For Miami

Population:
391,458
Cost of Living Index: 128.72
Crime Index: 232.69     Rating: C- 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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