Miami Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $350,000
    4% ( $15,000 ) vs May 2014
  • Median Sales Price
    $250,000
    7% ( $16,000 ) vs May 2014
  • Median Foreclosure Sales Price
    $157,050
    0% ( $450 ) vs May 2014
  • Foreclosures 24,373
    Homes for Sale 7,191
    Recently Sold 10,850

Market Summary

There are currently 24,373 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 7,191.

In June, the number of properties that received a foreclosure filing in Miami, FL was 8% lower than the previous month and 25% lower than the same time last year.

Home sales for May 2015 were up 224% compared with the previous month, and down 32% 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 $157,050, or 37% lower than non-distressed home sales.

Sales Prices - Miami, FL




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$157,050 (Median Foreclosure Sales Price) $156,600 (Median Foreclosure Sales Price) $160,000 (Median Foreclosure Sales Price) $160,000 (Median Foreclosure Sales Price) $155,000 (Median Foreclosure Sales Price) $145,000 (Median Foreclosure Sales Price) $250,000 (Median Sales Price) $234,000 (Median Sales Price) $230,000 (Median Sales Price) $229,100 (Median Sales Price) $229,100 (Median Sales Price) $235,000 (Median Sales Price) $157,050 (Median Foreclosure Sales Price) $156,600 (Median Foreclosure Sales Price) $160,000 (Median Foreclosure Sales Price) $160,000 (Median Foreclosure Sales Price) $155,000 (Median Foreclosure Sales Price) $145,000 (Median Foreclosure Sales Price) $250,000 (Median Sales Price) $234,000 (Median Sales Price) $230,000 (Median Sales Price) $229,100 (Median Sales Price) $229,100 (Median Sales Price) $235,000 (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
1,357
37.0
% (y-o-y)
$181,500
6.8
% (y-o-y)
31.1%
32.3
% (y-o-y)
Pompano Beach
772
25.6
% (y-o-y)
$169,750
19.1
% (y-o-y)
29.3%
20.7
% (y-o-y)
Hollywood
728
24.8
% (y-o-y)
$210,000
17.3
% (y-o-y)
30.0%
16.2
% (y-o-y)
Boca Raton
464
35.6
% (y-o-y)
$269,000
1.5
% (y-o-y)
26.7%
17.0
% (y-o-y)
Lake Worth
401
32.7
% (y-o-y)
$150,000
20.0
% (y-o-y)
23.3%
15.0
% (y-o-y)
Miami Beach
348
40.5
% (y-o-y)
$375,000
1.5
% (y-o-y)
35.6%
45.9
% (y-o-y)
Boynton Beach
309
39.5
% (y-o-y)
$169,000
7.0
% (y-o-y)
20.1%
10.6
% (y-o-y)
Delray Beach
309
36.6
% (y-o-y)
$135,000
15.9
% (y-o-y)
26.1%
14.1
% (y-o-y)
Homestead
298
34.5
% (y-o-y)
$136,250
15.5
% (y-o-y)
20.8%
10.0
% (y-o-y)
Hialeah
297
18.0
% (y-o-y)
$187,600
18.0
% (y-o-y)
29.1%
18.2
% (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: 6.20%
Percentage of vacant homes: 18.12%