Is Miramar, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$518,000
$306/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Miramar have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in Miramar was $518,000 in April 2024, up 7.5% from last year, and the median price per square foot was $306.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $235.5K | $247K | +4.9% |
| 2 Bedrooms | $305.2K | $350K | +14.7% |
| 3 Bedrooms | $460K | $485K | +5.4% |
| 4 Bedrooms | $634K | $646.9K | +2.0% |
| 5+ Bedrooms | $849K | $926.5K | +9.1% |
Summary: Miramar housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.9%, 2 bedroom homes increased by 14.7%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 9.1%.
Median Sold Price Compared To Nearby Cities
| West Park | $375.4K | $430K | +14.5% |
| Miami Gardens | $412K | $455K | +10.4% |
| Miramar | $481.6K | $518K | +7.5% |
| Miramar-Pembroke Pines | $455.9K | $483.5K | +6.1% |
| Pembroke Pines | $449.5K | $469.3K | +4.4% |
Housing Supply in Miramar, FL
How many homes are available in Miramar, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 355 | 382 | +7.6% |
Summary: The Miramar real estate market had 382 homes for sale in April 2024, a 7.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 11 | +22.2% |
| 2 Bedrooms | 53 | 62 | +17.0% |
| 3 Bedrooms | 132 | 130 | -1.5% |
| 4 Bedrooms | 96 | 109 | +13.5% |
| 5+ Bedrooms | 65 | 70 | +7.7% |
Summary: The Miramar housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 22.2%, 2 bedroom homes increased by 17%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes increased by 7.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 76 | 72 | -5.3% |
Asking Price vs. Sold Price
44 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Miramar, you may be able to get a good deal. 61.1% of homes here sold below asking price last month.
Summary: A total of 72 homes were sold or pending in Miramar in April 2024, down by 5.3% month-over-month. Of the 72 sold homes, 61% were sold under asking, 22% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 38 Days | 44 Days | +13.5% |
Summary: Homes in Miramar had an average of 44 days on market in Apr 2024, up by 13.5% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
27 Homes Were Sold
In 30 - 90 Days
10 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 April 2024, 72 homes were sold in Miramar; 49% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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