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Foreclosure Homes in Miami, FL 33187

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Miami, FL Foreclosures

Current Market Conditions in in Miami, FL As of March 2026?
Over the past month, Miami's real estate market has seen slight fluctuations, with an increase in inventory. However, demand continues to outpace supply, exerting upward pressure on home prices. Sellers are still experiencing quick sales, often above asking price, as buyer interest remains high, particularly in waterfront properties.
How much do homes sell for in Miami, FL?
The average home price is currently $722,256.
In Miami, FL, how many homes are available?
There are currently 72 active home listings available in Miami.
What’s the average rental cost in Miami, FL?
The average rental price in Miami is $2,086.
What is the most expensive home in Miami?
The most expensive home sold in Miami had a price of $195,019,864.
What is currently the cheapest priced home in Miami, FL?
The cheapest home for sale in Miami is priced at $10,550.

Living in Miami, FL

Miami, located in southeastern Florida, is a dynamic city celebrated for its beautiful beaches, rich cultural diversity, and vibrant nightlife. It's a hub for art lovers and food enthusiasts, offering a wide range of activities suitable for all ages. Whether you're interested in outdoor adventures or cultural experiences, Miami has something for everyone.

Buyer vs Seller Market in Miami, FL

Miami's real estate market remains strong, characterized by high demand and limited supply. The city's attractive lifestyle and favorable climate continue to draw in new residents, causing property values to rise steadily.

Currently, luxury properties are seeing a surge in interest, particularly from buyers looking for second homes or investment opportunities. The market is particularly competitive, with many homes receiving multiple offers.

Home Value Estimator For Miami, FL

There are currently 412,764 real estate properties in Miami, FL, with a median automated valuation model (AVM) price of $549,795.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Miami, FL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Miami, FL, is $722,256.00, with the most expensive house in Miami, FL, topping out at $195,019,864.00 and the cheapest home in Miami, FL, clocking in at $10,550.00. In other words, there’s something for every potential homebuyer or savvy investor in Miami, FL!

Rent Prices In Miami, FL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Miami, FL, is on a rollercoaster ride. The average rent price in Miami, FL, is $2,086.00. Indeed, when looking to rent in Miami, FL, you can expect to pay as little as $640.00 or as much as $7,120.00, with the average rent median estimated to be $1,940.00. The good news is that finding an affordable and desirable property to rent in Miami, FL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Miami, FL 33187 Foreclosures

Market Trend for Miami, FL

Total Listings Available: 72

Market Values:

Home Prices from $10,550 to $195,019,864

Average Sales Price: $722,256

Rental Values:

Rental from $640 to $7,120

Average Rent Value: $2,086 / month

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