Miami Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $225,000
    2% ( $4,900 ) vs Sep 2013
  • Median Sales Price
    $240,000
    0% ( $0 ) vs Sep 2013
  • Median Foreclosure Sales Price
    $151,100
    1% ( $1,100 ) vs Sep 2013
  • Foreclosures 39,215
    Homes for Sale 2,136
    Recently Sold 33,422

Market Summary

There are currently 39,215 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 2,136.

In October, the number of properties that received a foreclosure filing in Miami, FL was 51% higher than the previous month and 11% lower than the same time last year.

Home sales for September 2014 were up 18% compared with the previous month, and down 2% 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 $151,100, or 37% lower than non-distressed home sales.

Sales Prices - Miami, FL




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$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) $138,600 (Median Foreclosure Sales Price) $240,000 (Median Sales Price) $240,000 (Median Sales Price) $240,000 (Median Sales Price) $240,000 (Median Sales Price) $236,000 (Median Sales Price) $230,000 (Median 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) $138,600 (Median Foreclosure Sales Price) $240,000 (Median Sales Price) $240,000 (Median Sales Price) $240,000 (Median Sales Price) $240,000 (Median Sales Price) $236,000 (Median Sales Price) $230,000 (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
1,667
18.9
% (y-o-y)
$181,500
6.8
% (y-o-y)
25.4%
37.1
% (y-o-y)
Pompano Beach
978
9.8
% (y-o-y)
$165,000
10.0
% (y-o-y)
23.8%
31.8
% (y-o-y)
Hollywood
808
22.2
% (y-o-y)
$189,900
9.8
% (y-o-y)
13.8%
21.9
% (y-o-y)
Boca Raton
561
14.4
% (y-o-y)
$260,000
8.3
% (y-o-y)
15.1%
27.1
% (y-o-y)
Lake Worth
473
14.2
% (y-o-y)
$140,000
28.0
% (y-o-y)
10.9%
8.5
% (y-o-y)
Delray Beach
459
7.2
% (y-o-y)
$122,250
34.3
% (y-o-y)
Data not available
Miami Beach
403
27.8
% (y-o-y)
$400,000
19.4
% (y-o-y)
33.8%
44.8
% (y-o-y)
Boynton Beach
375
17.8
% (y-o-y)
$177,600
7.0
% (y-o-y)
24.3%
28.1
% (y-o-y)
Homestead
366
21.3
% (y-o-y)
$120,000
21.2
% (y-o-y)
8.5%
14.1
% (y-o-y)
Hialeah
342
28.2
% (y-o-y)
$160,000
10.3
% (y-o-y)
15.6%
34.4
% (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: 8.10%
Percentage of vacant homes: 18.12%