Miami Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $330,000
    0% ( $1,000 ) vs Feb 2015
  • Median Sales Price
    $247,500
    1% ( $3,050 ) vs Feb 2015
  • Median Foreclosure Sales Price
    $165,000
    1% ( $1,900 ) vs Feb 2015
  • Foreclosures 20,586
    Homes for Sale 8,862
    Recently Sold 24,912

Market Summary

There are currently 20,586 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 8,862.

In March, the number of properties that received a foreclosure filing in Miami, FL was 23% higher than the previous month and 4% lower than the same time last year.

Home sales for February 2016 were up 63% compared with the previous month, and up 41% compared with a year ago. The median sales price of a non-distressed home was $247,500. The median sales price of a foreclosure home was $165,000, or 33% lower than non-distressed home sales.

Sales Prices - Miami, FL




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$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) $155,000 (Median Foreclosure Sales Price) $247,500 (Median Sales Price) $244,450 (Median Sales Price) $238,350 (Median Sales Price) $220,000 (Median Sales Price) $155,000 (Median Sales Price) $150,000 (Median 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) $155,000 (Median Foreclosure Sales Price) $247,500 (Median Sales Price) $244,450 (Median Sales Price) $238,350 (Median Sales Price) $220,000 (Median Sales Price) $155,000 (Median Sales Price) $150,000 (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
1,660
27.9
% (y-o-y)
$195,000
11.4
% (y-o-y)
28.5%
25.7
% (y-o-y)
Pompano Beach
866
27.0
% (y-o-y)
$165,500
11.1
% (y-o-y)
19.3%
16.1
% (y-o-y)
Hollywood
791
27.0
% (y-o-y)
$210,000
10.5
% (y-o-y)
16.7%
20.2
% (y-o-y)
Boca Raton
481
43.2
% (y-o-y)
$275,000
12.7
% (y-o-y)
15.1%
8.4
% (y-o-y)
Miami Beach
414
41.8
% (y-o-y)
$391,900
3.1
% (y-o-y)
42.3%
31.5
% (y-o-y)
Lake Worth
409
41.0
% (y-o-y)
$162,250
20.2
% (y-o-y)
14.8%
11.1
% (y-o-y)
Boynton Beach
320
36.2
% (y-o-y)
$195,000
15.0
% (y-o-y)
22.5%
27.3
% (y-o-y)
Hialeah
299
24.1
% (y-o-y)
$184,200
15.1
% (y-o-y)
18.0%
9.8
% (y-o-y)
Delray Beach
287
18.1
% (y-o-y)
$142,500
3.3
% (y-o-y)
1.8%
9.9
% (y-o-y)
Homestead
273
33.2
% (y-o-y)
$154,000
19.3
% (y-o-y)
18.8%
13.9
% (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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