Miami Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $239,000
    6% ( $14,000 ) vs Oct 2013
  • Median Sales Price
    $240,000
    0% ( $0 ) vs Oct 2013
  • Median Foreclosure Sales Price
    $149,400
    1% ( $1,700 ) vs Oct 2013
  • Foreclosures 38,138
    Homes for Sale 2,713
    Recently Sold 34,076

Market Summary

There are currently 38,138 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 2,713.

In November, the number of properties that received a foreclosure filing in Miami, FL was 23% lower than the previous month and 30% lower than the same time last year.

Home sales for October 2014 were up 11% compared with the previous month, and up 52% 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 $149,400, or 38% lower than non-distressed home sales.

Sales Prices - Miami, FL




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$149,400 (Median Foreclosure Sales Price) $151,100 (Median Foreclosure Sales Price) $150,000 (Median Foreclosure Sales Price) $150,250 (Median Foreclosure Sales Price) $147,000 (Median Foreclosure Sales Price) $145,600 (Median Foreclosure Sales Price) $240,000 (Median Sales Price) $240,000 (Median Sales Price) $240,000 (Median Sales Price) $240,000 (Median Sales Price) $240,000 (Median Sales Price) $236,000 (Median Sales Price) $149,400 (Median Foreclosure Sales Price) $151,100 (Median Foreclosure Sales Price) $150,000 (Median Foreclosure Sales Price) $150,250 (Median Foreclosure Sales Price) $147,000 (Median Foreclosure Sales Price) $145,600 (Median Foreclosure Sales Price) $240,000 (Median Sales Price) $240,000 (Median Sales Price) $240,000 (Median Sales Price) $240,000 (Median Sales Price) $240,000 (Median Sales Price) $236,000 (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
1,823
3.9
% (y-o-y)
$177,000
7.3
% (y-o-y)
24.9%
35.2
% (y-o-y)
Pompano Beach
975
6.3
% (y-o-y)
$158,250
6.6
% (y-o-y)
20.7%
31.6
% (y-o-y)
Hollywood
909
3.8
% (y-o-y)
$185,000
4.5
% (y-o-y)
12.4%
23.7
% (y-o-y)
Boca Raton
597
25.9
% (y-o-y)
$254,530
10.7
% (y-o-y)
19.5%
20.1
% (y-o-y)
Delray Beach
560
69.7
% (y-o-y)
$125,000
31.6
% (y-o-y)
Data not available
Lake Worth
544
45.1
% (y-o-y)
$138,000
25.5
% (y-o-y)
15.7%
8.2
% (y-o-y)
Boynton Beach
527
59.7
% (y-o-y)
$180,000
6.7
% (y-o-y)
27.8%
32.3
% (y-o-y)
Miami Beach
501
48.7
% (y-o-y)
$390,000
18.2
% (y-o-y)
31.1%
42.4
% (y-o-y)
Homestead
425
49.6
% (y-o-y)
$120,000
16.1
% (y-o-y)
4.2%
13.0
% (y-o-y)
Hialeah
361
23.2
% (y-o-y)
$158,750
9.5
% (y-o-y)
10.6%
31.0
% (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: 7.50%
Percentage of vacant homes: 18.12%