Is Miramar, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Miramar is a neutral's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Miramar was a Seller's Market.

Key Takeaway

Miramar is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Miramar, FL

How much do homes in Miramar, FL cost?

Median Sold Price

$520,000

$307/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$35,000(+7.2%)

Key Takeaway

Homes in Miramar have sold for 7.2% more than they did a year ago.

Summary: The median home sold price in Miramar was $520,000 in May 2024, up 7.2% from last year, and the median price per square foot was $307.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $235K$249K
+6.0%
2 $308K$347.5K
+12.8%
3 $460K$490K
+6.5%
4 $635K$650K
+2.4%
5+ $849K$945K
+11.3%

Summary: Miramar housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6%, 2 bedroom homes increased by 12.8%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 11.3%.

Median Sold Price Compared To Nearby Cities

West Park
+13.2%
Miami Gardens
+8.6%
Miramar-Pembroke Pines
+7.8%
Miramar
+7.2%
Pembroke Pines
+5.1%

Housing Supply in Miramar, FL

How many homes are available in Miramar, FL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
372403+8.3%

Summary: The Miramar real estate market had 403 homes for sale in May 2024, a 8.3% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 88
0.0%
2 6465
+1.6%
3 130138
+6.2%
4 102115
+12.7%
5+ 6877
+13.2%

Summary: The Miramar housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes increased by 13.2%.

Number of Homes Sold

Apr 2024May 2024CHANGE
8558-31.8%

Asking Price vs. Sold Price

39 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Miramar, you may be able to get a good deal. 67.2% of homes here sold below asking price last month.

Summary: A total of 58 homes were sold or pending in Miramar in May 2024, down by 31.8% month-over-month. Of the 58 sold homes, 67% were sold under asking, 24% were sold at asking, and 9% 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

May 2023May 2024CHANGE
42 Days39 Days-7.0%

Summary: Homes in Miramar had an average of 39 days on market in May 2024, down by 7% compared to last year.

Breakdown of Home Sale Times

35 Homes Were Sold
Under 30 Days

18 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Miramar are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 58 homes were sold in Miramar; 60% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 18 Days Ago

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