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Miami, FL Real Estate & Property Data

Miami Real Estate Market Trends
Last Updated: May 02, 2024

To gain insights into Miami, FL’s real estate market, it is crucial to have accurate and comprehensive real estate data. ATTOM updates Miami real estate data on a daily basis, providing you with the most current information. As per the latest market trends, 23,431 residential properties have been sold in Miami, FL over the past year, with a median home price of $675,000. Additionally, 50.98% of homes in Miami are equity rich, while 0.27% of homes are seriously underwater. There have been 215 foreclosure filings in the area year-to-date. To obtain detailed information on properties in Miami, Florida, you can rely on ATTOM, your go-to source for Miami property reports and real estate data.

Miami Real Estate Market Trends
Get property data for any address in Miami, FL or the country:
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    • Zip Code: 60093
    • City: Chicago, IL
    • Address: 123 Main St, Chicago, IL
Total Residential Properties 535,323
Total Commercial Properties 27,693
Avg. Home Age (Single Family Home) 53 Years
Avg. Square Feet (Single Family Home) 1,896
Total 2024 Residential Sales (year-to-date) 4,419
% of Homes Seriously Underwater (Q2 2024) 0.27%
Total 2023 Residential Sales 21,637
% of Equity Rich Homes (Q2 2024) 50.98%
Effective 2023 Property Tax 0.8%
Total Foreclosure Filings (year-to-date) 702
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Miami, FL Real Estate Overview

Miami, FL saw 23,431 residential properties being sold in the past year, with a median home value of $576,762. The city of Miami has a total of 535,323 residential properties, spread across 7798 streets and 57 zip codes.

Median Sales Price i
$675,000
(Mar 2024)
+15.4%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • March '24 Mar '24 $675,000
  • February '24 Feb '24 $630,000
  • January '24 Jan '24 $610,000
  • December '23 Dec '23 $600,000
  • November '23 Nov '23 $635,000
  • October '23 Oct '23 $611,500
  • September '23 Sep '23 $620,000
  • August '23 Aug '23 $627,250
  • July '23 Jul '23 $600,000
  • June '23 Jun '23 $623,500
  • May '23 May '23 $610,000
  • April '23 Apr '23 $610,000
Median Down Payment i
$118,450
(Mar 2024)
+38.5%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • March '24 Mar '24 $118,450
  • February '24 Feb '24 $103,500
  • January '24 Jan '24 $115,500
  • December '23 Dec '23 $107,325
  • November '23 Nov '23 $111,400
  • October '23 Oct '23 $99,000
  • September '23 Sep '23 $109,000
  • August '23 Aug '23 $120,000
  • July '23 Jul '23 $99,750
  • June '23 Jun '23 $108,300
  • May '23 May '23 $80,000
  • April '23 Apr '23 $84,000
Number of Homes Sold i
1,801
(Mar 2024)
-17.2%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • March '24 Mar '24 1,801
  • February '24 Feb '24 1,145
  • January '24 Jan '24 1,473
  • December '23 Dec '23 1,555
  • November '23 Nov '23 1,759
  • October '23 Oct '23 1,421
  • September '23 Sep '23 2,045
  • August '23 Aug '23 2,021
  • July '23 Jul '23 1,858
  • June '23 Jun '23 2,225
  • May '23 May '23 2,154
  • April '23 Apr '23 1,800
Number of Purchase Loans i
1,184
(Mar 2024)
-7.3%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • March '24 Mar '24 1,184
  • February '24 Feb '24 729
  • January '24 Jan '24 913
  • December '23 Dec '23 965
  • November '23 Nov '23 1,038
  • October '23 Oct '23 834
  • September '23 Sep '23 1,244
  • August '23 Aug '23 1,276
  • July '23 Jul '23 1,046
  • June '23 Jun '23 1,302
  • May '23 May '23 1,347
  • April '23 Apr '23 1,058
Number of REFI Loans i
707
(Mar 2024)
+26.7%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • March '24 Mar '24 707
  • February '24 Feb '24 502
  • January '24 Jan '24 663
  • December '23 Dec '23 548
  • November '23 Nov '23 731
  • October '23 Oct '23 500
  • September '23 Sep '23 670
  • August '23 Aug '23 598
  • July '23 Jul '23 544
  • June '23 Jun '23 622
  • May '23 May '23 597
  • April '23 Apr '23 513
Number of HELOC Loans i
341
(Mar 2024)
-17%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • March '24 Mar '24 341
  • February '24 Feb '24 303
  • January '24 Jan '24 353
  • December '23 Dec '23 323
  • November '23 Nov '23 420
  • October '23 Oct '23 297
  • September '23 Sep '23 449
  • August '23 Aug '23 388
  • July '23 Jul '23 371
  • June '23 Jun '23 441
  • May '23 May '23 440
  • April '23 Apr '23 348

Miami, FL Real Estate Market Overview

Last 30 days
  • Zip
    Median Est. Value
  • Zip
    Median Est. Value
  • Zip
    Median Est. Value

Miami, FL Foreclosure Activity

There were a total of 215 Miami, FL properties with a foreclosure filing in March 2024. Lenders started the foreclosure process on 166 Miami, FL properties and repossessed 3 Miami, FL properties through completed foreclosures (REOs) in March 2024.

Total Foreclosure Filings i
215
(Mar 2024)
-14.7%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • March '24 Mar '24 215
  • February '24 Feb '24 244
  • January '24 Jan '24 243
  • December '23 Dec '23 180
  • November '23 Nov '23 209
  • October '23 Oct '23 289
  • September '23 Sep '23 318
  • August '23 Aug '23 247
  • July '23 Jul '23 174
  • June '23 Jun '23 258
  • May '23 May '23 251
  • April '23 Apr '23 306
Foreclosure Starts i
166
(Mar 2024)
+3.1%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • March '24 Mar '24 166
  • February '24 Feb '24 176
  • January '24 Jan '24 199
  • December '23 Dec '23 108
  • November '23 Nov '23 153
  • October '23 Oct '23 222
  • September '23 Sep '23 218
  • August '23 Aug '23 179
  • July '23 Jul '23 127
  • June '23 Jun '23 174
  • May '23 May '23 177
  • April '23 Apr '23 225
Completed Foreclosures (REOs) i
3
(Mar 2024)
-75%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • March '24 Mar '24 3
  • February '24 Feb '24 6
  • January '24 Jan '24 3
  • December '23 Dec '23 3
  • November '23 Nov '23 1
  • October '23 Oct '23 1
  • September '23 Sep '23 1
  • August '23 Aug '23 7
  • July '23 Jul '23 13
  • June '23 Jun '23 15
  • May '23 May '23 8
  • April '23 Apr '23 9
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