Miami Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $354,900
    1% ( $4,900 ) vs Jun 2014
  • Median Sales Price
    $250,000
    0% ( $0 ) vs Jun 2014
  • Median Foreclosure Sales Price
    $155,200
    1% ( $2,150 ) vs Jun 2014
  • Foreclosures 21,609
    Homes for Sale 7,362
    Recently Sold 8,330

Market Summary

There are currently 21,609 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 7,362.

In July, the number of properties that received a foreclosure filing in Miami, FL was 18% higher than the previous month and 21% higher than the same time last year.

Home sales for June 2015 were down 29% compared with the previous month, and down 25% 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 $155,200, or 38% lower than non-distressed home sales.

Sales Prices - Miami, FL




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$155,200 (Median Foreclosure Sales Price) $157,350 (Median Foreclosure Sales Price) $156,700 (Median Foreclosure Sales Price) $160,000 (Median Foreclosure Sales Price) $160,000 (Median Foreclosure Sales Price) $155,000 (Median Foreclosure Sales Price) $250,000 (Median 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) $155,200 (Median Foreclosure Sales Price) $157,350 (Median Foreclosure Sales Price) $156,700 (Median Foreclosure Sales Price) $160,000 (Median Foreclosure Sales Price) $160,000 (Median Foreclosure Sales Price) $155,000 (Median Foreclosure Sales Price) $250,000 (Median 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)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Fort Lauderdale
1,163
27.9
% (y-o-y)
$184,000
5.1
% (y-o-y)
29.7%
30.9
% (y-o-y)
Hollywood
653
19.7
% (y-o-y)
$210,450
16.3
% (y-o-y)
26.6%
14.4
% (y-o-y)
Pompano Beach
596
29.7
% (y-o-y)
$172,100
14.7
% (y-o-y)
28.5%
24.7
% (y-o-y)
Boca Raton
374
21.1
% (y-o-y)
$285,000
5.6
% (y-o-y)
20.9%
19.3
% (y-o-y)
Miami Beach
344
0.3
% (y-o-y)
$410,000
7.9
% (y-o-y)
46.3%
43.9
% (y-o-y)
Lake Worth
291
25.6
% (y-o-y)
$153,000
17.7
% (y-o-y)
24.8%
8.5
% (y-o-y)
Hialeah
273
2.6
% (y-o-y)
$180,000
9.1
% (y-o-y)
24.7%
18.2
% (y-o-y)
Boynton Beach
270
31.6
% (y-o-y)
$185,000
14.2
% (y-o-y)
24.1%
14.8
% (y-o-y)
Delray Beach
234
13.0
% (y-o-y)
$145,000
20.8
% (y-o-y)
26.7%
2.8
% (y-o-y)
Homestead
221
12.6
% (y-o-y)
$136,750
14.9
% (y-o-y)
23.1%
7.6
% (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: 6.40%
Percentage of vacant homes: 18.12%