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Foreclosure Homes in Miami, FL

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Miami, FL Foreclosures

How much do homes sell for in Miami, FL?
The average home price is currently $714,983.
In Miami, FL, how many homes are available?
There are currently 5,358 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 $201,002,600.
What is currently the cheapest priced home in Miami, FL?
The cheapest home for sale in Miami is priced at $10,928.

Living in Miami, FL

Miami, Florida, is a thriving metropolis characterized by its stunning coastline, cultural diversity, and lively entertainment scene. With warm weather throughout the year, it's a perfect location for those who enjoy outdoor activities, dining, and nightlife. The city is also a hub for international trade and tourism, making it a bustling area with endless opportunities.

Current Market Conditions in Miami, FL

The Miami real estate market has shown strong resilience with a significant demand for housing despite various economic challenges. The influx of remote workers and retirees relocating to Florida has amplified the demand for single-family homes and luxury condos, pushing prices higher in desirable neighborhoods.

Recent trends indicate a shift towards suburban living, with many buyers seeking larger spaces and quiet neighborhoods away from the hustle of downtown. High-rise developments remain popular; however, properties with outdoor spaces and proximity to nature are gaining traction.

Home Value Estimator For Miami, FL

There are currently 404,333 real estate properties in Miami, FL, with a median automated valuation model (AVM) price of $561,165.00. 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 $714,983.00, with the most expensive house in Miami, FL, topping out at $201,002,600.00 and the cheapest home in Miami, FL, clocking in at $10,928.00. 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 Foreclosures

Market Trend for Miami, FL

Total Listings Available: 5,358

Market Values:

Home Prices from $10,928 to $201,002,600

Average Sales Price: $714,983

Rental Values:

Rental from $640 to $7,120

Average Rent Value: $2,086 / month

Successful Real Estate Investor explains how to find and purchase Preforeclosure & Foreclosure homes

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