Miami Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $349,000
    6% ( $19,000 ) vs Mar 2015
  • Median Sales Price
    $250,000
    1% ( $2,500 ) vs Mar 2015
  • Median Foreclosure Sales Price
    $168,100
    2% ( $3,100 ) vs Mar 2015
  • Foreclosures 20,611
    Homes for Sale 9,282
    Recently Sold 23,840

Market Summary

There are currently 20,611 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 9,282.

In April, the number of properties that received a foreclosure filing in Miami, FL was 12% lower than the previous month and 30% lower than the same time last year.

Home sales for March 2016 were up 23% compared with the previous month, and up 426% 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 $168,100, or 33% lower than non-distressed home sales.

Sales Prices - Miami, FL




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$168,100 (Median Foreclosure Sales Price) $165,000 (Median Foreclosure Sales Price) $163,100 (Median Foreclosure Sales Price) $159,000 (Median Foreclosure Sales Price) $156,200 (Median Foreclosure Sales Price) $150,500 (Median Foreclosure Sales Price) $250,000 (Median Sales Price) $247,500 (Median Sales Price) $244,900 (Median Sales Price) $239,000 (Median Sales Price) $220,000 (Median Sales Price) $158,650 (Median Sales Price) $168,100 (Median Foreclosure Sales Price) $165,000 (Median Foreclosure Sales Price) $163,100 (Median Foreclosure Sales Price) $159,000 (Median Foreclosure Sales Price) $156,200 (Median Foreclosure Sales Price) $150,500 (Median Foreclosure Sales Price) $250,000 (Median Sales Price) $247,500 (Median Sales Price) $244,900 (Median Sales Price) $239,000 (Median Sales Price) $220,000 (Median Sales Price) $158,650 (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
1,974
109.1
% (y-o-y)
$196,200
18.9
% (y-o-y)
29.4%
24.2
% (y-o-y)
Pompano Beach
1,065
115.2
% (y-o-y)
$167,000
11.3
% (y-o-y)
18.4%
20.0
% (y-o-y)
Hollywood
945
83.5
% (y-o-y)
$218,000
16.3
% (y-o-y)
16.5%
20.7
% (y-o-y)
Boca Raton
565
200.5
% (y-o-y)
$275,000
17.0
% (y-o-y)
20.0%
19.7
% (y-o-y)
Lake Worth
518
168.4
% (y-o-y)
$156,000
13.7
% (y-o-y)
13.5%
14.4
% (y-o-y)
Boynton Beach
435
160.5
% (y-o-y)
$196,000
15.3
% (y-o-y)
25.0%
29.9
% (y-o-y)
Homestead
414
187.5
% (y-o-y)
$154,900
23.9
% (y-o-y)
21.8%
13.6
% (y-o-y)
Miami Beach
399
206.9
% (y-o-y)
$385,000
1.4
% (y-o-y)
25.4%
33.0
% (y-o-y)
Delray Beach
384
174.3
% (y-o-y)
$149,000
10.8
% (y-o-y)
3.0%
7.5
% (y-o-y)
Hialeah
322
65.1
% (y-o-y)
$190,000
13.6
% (y-o-y)
16.2%
17.0
% (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: 5.50%
Percentage of vacant homes: 18.12%

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