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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Miramar is a buyer's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

Miramar is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Miramar, FL

How much do homes in Miramar, FL cost?

Median Sold Price

$509,780

$300/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$34,689(+7.3%)

Key Takeaway

Homes in Miramar have sold for 7.3% more than they did a year ago.

Summary: The median home sold price in Miramar was $509,780 in February 2024, up 7.3% from last year, and the median price per square foot was $300.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $227.5K$242.5K
+6.6%
2 $308.5K$357.5K
+15.9%
3 $450.8K$475K
+5.4%
4 $630K$650K
+3.2%
5+ $845K$900K
+6.5%

Summary: Miramar housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.6%, 2 bedroom homes increased by 15.9%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 6.5%.

Median Sold Price Compared To Nearby Cities

Miami Gardens
+12.5%
West Park
+12.4%
Miramar
+7.3%
Miramar-Pembroke Pines
+5.0%
Pembroke Pines
+4.5%

Housing Supply in Miramar, FL

How many homes are available in Miramar, FL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
293326+11.3%

Summary: The Miramar real estate market had 326 homes for sale in February 2024, a 11.3% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 79
+28.6%
2 4550
+11.1%
3 112118
+5.4%
4 7388
+20.5%
5+ 5661
+8.9%

Summary: The Miramar housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 28.6%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 20.5%, and 5+ bedroom homes increased by 8.9%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
5530-45.5%

Asking Price vs. Sold Price

24 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

1 Home Was 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. 80% of homes here sold below asking price last month.

Summary: A total of 30 homes were sold or pending in Miramar in February 2024, down by 45.5% month-over-month. Of the 30 sold homes, 80% were sold under asking, 17% were sold at asking, and 3% 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

Feb 2023Feb 2024CHANGE
38 Days48 Days+23.7%

Summary: Homes in Miramar had an average of 48 days on market in Feb 2024, up by 23.7% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

4 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 February 2024, 30 homes were sold in Miramar; 50% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 13% 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 27 Days Ago

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