Is Miramar, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$610,000
$314/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Miramar have sold for 11.5% more than they did a year ago.
Summary: The median home sold price in Miramar was $610,000 in May 2024, up 11.5% from last year, and the median price per square foot was $314.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $354.5K | $430K | +21.3% |
| 3 Bedrooms | $477.5K | $542K | +13.5% |
| 4 Bedrooms | $1.1M | $844K | -25.3% |
| 5+ Bedrooms | $1.1M | $2.0M | +69.5% |
Summary: Miramar housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 21.3%, 3 bedroom homes increased by 13.5%, 4 bedroom homes decreased by 25.3%, and 5+ bedroom homes increased by 69.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Miramar | $547K | $610K | +11.5% |
| Miramar Terrace | $444.5K | $438.7K | -1.3% |
Housing Supply in Miramar, FL
How many homes are available in Miramar, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 31 | 29 | -6.5% |
Summary: The Miramar real estate market had 29 homes for sale in May 2024, a 6.5% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 0 | -100.0% |
| 3 Bedrooms | 15 | 14 | -6.7% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
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 decreased by 100%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Miramar, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Miramar in May 2024, the same as the previous month. Of the 6 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% 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 2023 | May 2024 | CHANGE |
|---|---|---|
| 42 Days | 27 Days | -35.1% |
Summary: Homes in Miramar had an average of 27 days on market in May 2024, down by 35.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Miramar are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 6 homes were sold in Miramar; 83% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
