Is Miramar Beach, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Miramar Beach was a Seller's Market.
Housing Prices in Miramar Beach, FL
How much do homes in Miramar Beach, FL cost?
Median Sold Price
$725,500
$487/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Miramar Beach was $725,500 in March 2024, up 0.5% from last year, and the median price per square foot was $487.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $375K | $372.5K | -0.7% |
2 Bedrooms | $550K | $572.7K | +4.1% |
3 Bedrooms | $799.6K | $792.7K | -0.9% |
4 Bedrooms | $1.3M | $1.2M | -9.1% |
5+ Bedrooms | $1.9M | $1.8M | -6.8% |
Summary: Miramar Beach housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.7%, 2 bedroom homes increased by 4.1%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes decreased by 6.8%.
Median Sold Price Compared To Nearby Cities
Destin | $576.9K | $667.7K | +15.7% |
Santa Rosa Beach | $901.9K | $970.2K | +7.6% |
Walton Beaches | $931.1K | $972.9K | +4.5% |
Miramar Beach | $722K | $725.5K | 0.5% |
Housing Supply in Miramar Beach, FL
How many homes are available in Miramar Beach, FL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
533 | 604 | +13.3% |
Summary: The Miramar Beach real estate market had 604 homes for sale in March 2024, a 13.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 70 | 75 | +7.1% |
2 Bedrooms | 152 | 176 | +15.8% |
3 Bedrooms | 165 | 188 | +13.9% |
4 Bedrooms | 94 | 102 | +8.5% |
5+ Bedrooms | 52 | 63 | +21.2% |
Summary: The Miramar Beach housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.1%, 2 bedroom homes increased by 15.8%, 3 bedroom homes increased by 13.9%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 21.2%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
42 | 47 | +11.9% |
Asking Price vs. Sold Price
41 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 47 homes were sold or pending in Miramar Beach in March 2024, up by 11.9% month-over-month. Of the 47 sold homes, 87% were sold under asking, 11% were sold at asking, and 2% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
72 Days | 85 Days | +17.7% |
Summary: Homes in Miramar Beach had an average of 85 days on market in Mar 2024, up by 17.7% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Summary: During March 2024, 47 homes were sold in Miramar Beach; 49% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 34% of homes were sold over 90 days.