Miami Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $230,000
    2% ( $5,100 ) vs May 2013
  • Median Sales Price
    $236,000
    3% ( $6,000 ) vs May 2013
  • Median Foreclosure Sales Price
    $145,600
    5% ( $7,000 ) vs May 2013
  • Foreclosures 43,858
    Homes for Sale 4,118
    Recently Sold 34,996

Market Summary

There are currently 43,858 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 4,118.

In June, the number of properties that received a foreclosure filing in Miami, FL was 19% higher than the previous month and 33% lower than the same time last year.

Home sales for May 2014 were down 10% compared with the previous month, and down 11% compared with a year ago. The median sales price of a non-distressed home was $236,000. The median sales price of a foreclosure home was $145,600, or 38% lower than non-distressed home sales.

Sales Prices - Miami, FL




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$145,600 (Median Foreclosure Sales Price) $138,600 (Median Foreclosure Sales Price) $138,600 (Median Foreclosure Sales Price) $139,000 (Median Foreclosure Sales Price) $140,000 (Median Foreclosure Sales Price) $136,650 (Median Foreclosure Sales Price) $236,000 (Median Sales Price) $230,000 (Median Sales Price) $222,000 (Median Sales Price) $223,000 (Median Sales Price) $230,000 (Median Sales Price) $239,900 (Median Sales Price) $145,600 (Median Foreclosure Sales Price) $138,600 (Median Foreclosure Sales Price) $138,600 (Median Foreclosure Sales Price) $139,000 (Median Foreclosure Sales Price) $140,000 (Median Foreclosure Sales Price) $136,650 (Median Foreclosure Sales Price) $236,000 (Median Sales Price) $230,000 (Median Sales Price) $222,000 (Median Sales Price) $223,000 (Median Sales Price) $230,000 (Median Sales Price) $239,900 (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
2,155
2.5
% (y-o-y)
$170,000
13.3
% (y-o-y)
32.2%
33.3
% (y-o-y)
Pompano Beach
1,038
17.5
% (y-o-y)
$142,250
16.1
% (y-o-y)
20.6%
28.2
% (y-o-y)
Hollywood
967
6.8
% (y-o-y)
$179,000
13.3
% (y-o-y)
16.2%
20.9
% (y-o-y)
Boca Raton
722
8.7
% (y-o-y)
$265,000
23.3
% (y-o-y)
17.0%
22.4
% (y-o-y)
Lake Worth
596
6.0
% (y-o-y)
$125,000
36.6
% (y-o-y)
15.0%
3.8
% (y-o-y)
Miami Beach
587
10.4
% (y-o-y)
$370,000
5.7
% (y-o-y)
45.9%
54.9
% (y-o-y)
Boynton Beach
513
3.6
% (y-o-y)
$157,250
13.9
% (y-o-y)
10.2%
18.6
% (y-o-y)
Delray Beach
488
9.2
% (y-o-y)
$116,400
18.2
% (y-o-y)
14.1%
2.2
% (y-o-y)
Homestead
454
12.7
% (y-o-y)
$118,000
17.4
% (y-o-y)
10.0%
19.4
% (y-o-y)
Hialeah
362
33.8
% (y-o-y)
$158,000
17.0
% (y-o-y)
17.7%
31.9
% (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: 7.80%
Percentage of vacant homes: 18.12%