Miami Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $239,700
    0% ( $700 ) vs Nov 2013
  • Median Sales Price
    $235,000
    2% ( $5,000 ) vs Nov 2013
  • Median Foreclosure Sales Price
    $145,000
    3% ( $4,100 ) vs Nov 2013
  • Foreclosures 36,203
    Homes for Sale 3,432
    Recently Sold 28,327

Market Summary

There are currently 36,203 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 3,432.

In December, the number of properties that received a foreclosure filing in Miami, FL was 18% lower than the previous month and 16% lower than the same time last year.

Home sales for November 2014 were down 51% compared with the previous month, and down 43% compared with a year ago. The median sales price of a non-distressed home was $235,000. The median sales price of a foreclosure home was $145,000, or 38% lower than non-distressed home sales.

Sales Prices - Miami, FL




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$145,000 (Median Foreclosure Sales Price) $149,100 (Median Foreclosure Sales Price) $151,100 (Median Foreclosure Sales Price) $150,000 (Median Foreclosure Sales Price) $150,400 (Median Foreclosure Sales Price) $147,000 (Median Foreclosure Sales Price) $235,000 (Median 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) $145,000 (Median Foreclosure Sales Price) $149,100 (Median Foreclosure Sales Price) $151,100 (Median Foreclosure Sales Price) $150,000 (Median Foreclosure Sales Price) $150,400 (Median Foreclosure Sales Price) $147,000 (Median Foreclosure Sales Price) $235,000 (Median 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)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Fort Lauderdale
1,329
18.1
% (y-o-y)
$173,700
5.3
% (y-o-y)
21.4%
33.3
% (y-o-y)
Pompano Beach
800
1.0
% (y-o-y)
$156,000
10.6
% (y-o-y)
22.7%
26.3
% (y-o-y)
Hollywood
658
11.8
% (y-o-y)
$185,000
5.7
% (y-o-y)
13.5%
21.3
% (y-o-y)
Miami Beach
337
15.8
% (y-o-y)
$390,000
18.5
% (y-o-y)
34.6%
43.9
% (y-o-y)
Boca Raton
227
54.7
% (y-o-y)
$250,000
8.7
% (y-o-y)
21.3%
14.4
% (y-o-y)
Lake Worth
212
49.5
% (y-o-y)
$135,000
17.4
% (y-o-y)
11.9%
8.4
% (y-o-y)
North Miami Beach
203
10.9
% (y-o-y)
$305,000
15.1
% (y-o-y)
25.4%
26.4
% (y-o-y)
Hialeah
166
36.9
% (y-o-y)
$165,000
13.8
% (y-o-y)
13.3%
22.8
% (y-o-y)
Homestead
162
55.0
% (y-o-y)
$120,000
14.3
% (y-o-y)
4.2%
13.3
% (y-o-y)
Delray Beach
146
62.8
% (y-o-y)
$132,500
19.4
% (y-o-y)
Data not available

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: 7.10%
Percentage of vacant homes: 18.12%