Is Miramar, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Miramar was a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $227.5K | $242.5K | +6.6% |
2 Bedrooms | $308.5K | $357.5K | +15.9% |
3 Bedrooms | $450.8K | $475K | +5.4% |
4 Bedrooms | $630K | $650K | +3.2% |
5+ Bedrooms | $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 | $400K | $450K | +12.5% |
West Park | $375.9K | $422.5K | +12.4% |
Miramar | $475K | $509.7K | +7.3% |
Miramar-Pembroke Pines | $447.6K | $469.8K | +5.0% |
Pembroke Pines | $435.8K | $455.3K | +4.5% |
Housing Supply in Miramar, FL
How many homes are available in Miramar, FL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
293 | 326 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 9 | +28.6% |
2 Bedrooms | 45 | 50 | +11.1% |
3 Bedrooms | 112 | 118 | +5.4% |
4 Bedrooms | 73 | 88 | +20.5% |
5+ Bedrooms | 56 | 61 | +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 2024 | Feb 2024 | CHANGE |
---|---|---|
55 | 30 | -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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
38 Days | 48 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
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.