Is Miramar Beach, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Miramar Beach was a Seller's Market.
Key Takeaway
Miramar Beach is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Miramar Beach, FL
How much do homes in Miramar Beach, FL cost?
Median Sold Price
$750,000
$487/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Miramar Beach have sold for 2.5% more than they did a year ago.
Summary: The median home sold price in Miramar Beach was $750,000 in May 2024, up 2.5% from last year, and the median price per square foot was $487.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $380K | $365K | -3.9% |
| 2 Bedrooms | $540K | $585K | +8.3% |
| 3 Bedrooms | $792.5K | $820K | +3.5% |
| 4 Bedrooms | $1.3M | $1.2M | -7.2% |
| 5+ Bedrooms | $1.9M | $1.8M | -2.7% |
Summary: Miramar Beach housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.9%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 3.5%, 4 bedroom homes decreased by 7.2%, and 5+ bedroom homes decreased by 2.7%.
Median Sold Price Compared To Nearby Cities
| Santa Rosa Beach | $849.9K | $967.8K | +13.9% |
| Destin | $589.4K | $659.6K | +11.9% |
| Walton Beaches | $911.4K | $1.0M | +9.7% |
| Miramar Beach | $731.6K | $750K | +2.5% |
Housing Supply in Miramar Beach, FL
How many homes are available in Miramar Beach, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 555 | 586 | +5.6% |
Summary: The Miramar Beach real estate market had 586 homes for sale in May 2024, a 5.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 61 | 67 | +9.8% |
| 2 Bedrooms | 165 | 174 | +5.5% |
| 3 Bedrooms | 175 | 179 | +2.3% |
| 4 Bedrooms | 89 | 94 | +5.6% |
| 5+ Bedrooms | 65 | 72 | +10.8% |
Summary: The Miramar Beach housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.8%, 2 bedroom homes increased by 5.5%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 10.8%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 59 | 45 | -23.7% |
Asking Price vs. Sold Price
36 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Miramar Beach, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 45 homes were sold or pending in Miramar Beach in May 2024, down by 23.7% month-over-month. Of the 45 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for Miramar Beach, FL
How long does it take to sell a home in Miramar Beach, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 77 Days | 84 Days | +9.5% |
Summary: Homes in Miramar Beach had an average of 84 days on market in May 2024, up by 9.5% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Miramar Beach has remained consistent over time.
Summary: During May 2024, 45 homes were sold in Miramar Beach; 33% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.
© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange program of Central Panhandle Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Properties subject to prior sale, change, withdrawal or rental. Copyright© 2024 Central Panhandle Association of REALTORS.© All Rights Reserved.
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