Miami Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $229,900
    2% ( $5,000 ) vs Jul 2013
  • Median Sales Price
    $240,000
    0% ( $0 ) vs Jul 2013
  • Median Foreclosure Sales Price
    $150,250
    2% ( $3,250 ) vs Jul 2013
  • Foreclosures 41,421
    Homes for Sale 4,125
    Recently Sold 33,577

Market Summary

There are currently 41,421 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 4,125.

In August, the number of properties that received a foreclosure filing in Miami, FL was 14% higher than the previous month and 22% lower than the same time last year.

Home sales for July 2014 were up 39% compared with the previous month, and down 19% compared with a year ago. The median sales price of a non-distressed home was $240,000. The median sales price of a foreclosure home was $150,250, or 37% lower than non-distressed home sales.

Sales Prices - Miami, FL




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$150,250 (Median Foreclosure Sales Price) $147,000 (Median Foreclosure Sales Price) $145,600 (Median Foreclosure Sales Price) $138,600 (Median Foreclosure Sales Price) $138,600 (Median Foreclosure Sales Price) $139,000 (Median Foreclosure Sales Price) $240,000 (Median Sales Price) $240,000 (Median Sales Price) $236,000 (Median Sales Price) $230,000 (Median Sales Price) $222,000 (Median Sales Price) $223,000 (Median Sales Price) $150,250 (Median Foreclosure Sales Price) $147,000 (Median Foreclosure Sales Price) $145,600 (Median Foreclosure Sales Price) $138,600 (Median Foreclosure Sales Price) $138,600 (Median Foreclosure Sales Price) $139,000 (Median Foreclosure Sales Price) $240,000 (Median Sales Price) $240,000 (Median Sales Price) $236,000 (Median Sales Price) $230,000 (Median Sales Price) $222,000 (Median Sales Price) $223,000 (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
1,527
38.1
% (y-o-y)
$182,500
12.0
% (y-o-y)
30.1%
35.6
% (y-o-y)
Pompano Beach
775
42.7
% (y-o-y)
$160,000
9.8
% (y-o-y)
26.6%
31.1
% (y-o-y)
Hollywood
764
40.0
% (y-o-y)
$190,000
12.8
% (y-o-y)
18.4%
23.4
% (y-o-y)
Boca Raton
610
22.0
% (y-o-y)
$269,000
13.0
% (y-o-y)
24.8%
32.1
% (y-o-y)
Lake Worth
475
29.3
% (y-o-y)
$140,000
27.3
% (y-o-y)
13.6%
9.0
% (y-o-y)
Miami Beach
428
39.4
% (y-o-y)
$406,000
23.0
% (y-o-y)
42.4%
47.9
% (y-o-y)
Homestead
406
24.5
% (y-o-y)
$120,800
20.8
% (y-o-y)
9.5%
22.5
% (y-o-y)
Boynton Beach
402
31.7
% (y-o-y)
$170,000
12.6
% (y-o-y)
17.6%
21.1
% (y-o-y)
Hialeah
355
39.0
% (y-o-y)
$160,000
14.3
% (y-o-y)
16.4%
32.1
% (y-o-y)
Delray Beach
345
36.7
% (y-o-y)
$125,000
25.0
% (y-o-y)
4.7%
6.1
% (y-o-y)

Local Info For Miami

Population:
391,458
Cost of Living Index: 128.72
Crime Index: 248.60     Rating: D+ View crime details
Schools: 284    Average School Rating: B- View individual school rating
Household Median Income: $29,621
Unemployment: 7.90%
Percentage of vacant homes: 18.12%