Is Miramar, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Miramar has remained a Seller's Market.
Key Takeaway
Miramar is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Miramar, FL
How much do homes in Miramar, FL cost?
Median Sold Price
$512,929
$304/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Miramar have sold for 7.8% more than they did a year ago.
Summary: The median home sold price in Miramar was $512,929 in March 2024, up 7.8% from last year, and the median price per square foot was $304.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230K | $240K | +4.3% |
| 2 Bedrooms | $305.2K | $357.5K | +17.1% |
| 3 Bedrooms | $460K | $480K | +4.3% |
| 4 Bedrooms | $630K | $647.4K | +2.8% |
| 5+ Bedrooms | $845K | $905K | +7.1% |
Summary: Miramar housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.3%, 2 bedroom homes increased by 17.1%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 7.1%.
Median Sold Price Compared To Nearby Cities
| West Park | $375K | $422.5K | +12.7% |
| Miami Gardens | $406.6K | $454.7K | +11.8% |
| Miramar | $475.8K | $512.9K | +7.8% |
| Miramar-Pembroke Pines | $449.9K | $474.6K | +5.5% |
| Pembroke Pines | $441.6K | $460.7K | +4.3% |
Housing Supply in Miramar, FL
How many homes are available in Miramar, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 311 | 364 | +17.0% |
Summary: The Miramar real estate market had 364 homes for sale in March 2024, a 17.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 9 | 0.0% |
| 2 Bedrooms | 46 | 54 | +17.4% |
| 3 Bedrooms | 118 | 138 | +16.9% |
| 4 Bedrooms | 86 | 98 | +14.0% |
| 5+ Bedrooms | 52 | 65 | +25.0% |
Summary: The Miramar housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 17.4%, 3 bedroom homes increased by 16.9%, 4 bedroom homes increased by 14%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 38 | 64 | +68.4% |
Asking Price vs. Sold Price
37 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Miramar, you may be able to get a good deal. 57.8% of homes here sold below asking price last month.
Summary: A total of 64 homes were sold or pending in Miramar in March 2024, up by 68.4% month-over-month. Of the 64 sold homes, 58% were sold under asking, 25% were sold at asking, and 17% were sold over asking.
Days on Market for Miramar, FL
How long does it take to sell a home in Miramar, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 46 Days | 37 Days | -19.6% |
Summary: Homes in Miramar had an average of 37 days on market in Mar 2024, down by 19.6% compared to last year.
Breakdown of Home Sale Times
39 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Miramar are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 64 homes were sold in Miramar; 61% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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