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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 $717,116.
In Miami, FL, how many homes are available?
There are currently 5,143 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 $204,357,568.
What is currently the cheapest priced home in Miami, FL?
The cheapest home for sale in Miami is priced at $14,791.

Living in Miami, FL

Miami, FL, is a bustling urban center offering a unique blend of cultural diversity, recreational opportunities, and extensive amenities. Residents enjoy a vibrant lifestyle with stunning coastal views, entertainment options, and rich culinary experiences. With its strong educational infrastructure and community services, Miami is an ideal location for investment and living.

Current Market Conditions in Miami, FL

The real estate market in Miami has shown resilience and growth over the past few years, driven by a strong demand for both residential and commercial properties. Investors are drawn to the area's significant appreciation in home values and a steady influx of new residents.

Currently, Miami's market is characterized by increasing property values and a competitive atmosphere for buyers. This is particularly evident in the luxury market segment, which continues to thrive due to international investments and a desirable climate.

Home Value Estimator For Miami, FL

There are currently 404,339 real estate properties in Miami, FL, with a median automated valuation model (AVM) price of $564,318.00. 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 $717,116.00, with the most expensive house in Miami, FL, topping out at $204,357,568.00 and the cheapest home in Miami, FL, clocking in at $14,791.00. 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: 5,143

Market Values:

Home Prices from $14,791 to $204,357,568

Average Sales Price: $717,116

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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