Is Miramar Beach, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$728,500
$487/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Miramar Beach was $728,500 in April 2024, down 2.1% from last year, and the median price per square foot was $487.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $380K | $370K | -2.6% |
2 Bedrooms | $550K | $575K | +4.5% |
3 Bedrooms | $802.5K | $785.4K | -2.1% |
4 Bedrooms | $1.3M | $1.2M | -4.3% |
5+ Bedrooms | $1.9M | $2.0M | +5.9% |
Summary: Miramar Beach housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.6%, 2 bedroom homes increased by 4.5%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes increased by 5.9%.
Median Sold Price Compared To Nearby Cities
Santa Rosa Beach | $854.3K | $967.3K | +13.2% |
Destin | $587.1K | $658.1K | +12.1% |
Walton Beaches | $909.6K | $980.1K | +7.7% |
Miramar Beach | $743.8K | $728.5K | -2.1% |
Housing Supply in Miramar Beach, FL
How many homes are available in Miramar Beach, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
523 | 583 | +11.5% |
Summary: The Miramar Beach real estate market had 583 homes for sale in April 2024, a 11.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 59 | 64 | +8.5% |
2 Bedrooms | 148 | 168 | +13.5% |
3 Bedrooms | 173 | 189 | +9.2% |
4 Bedrooms | 84 | 94 | +11.9% |
5+ Bedrooms | 59 | 68 | +15.3% |
Summary: The Miramar Beach housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.5%, 2 bedroom homes increased by 13.5%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes increased by 15.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
51 | 56 | +9.8% |
Asking Price vs. Sold Price
50 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 56 homes were sold or pending in Miramar Beach in April 2024, up by 9.8% month-over-month. Of the 56 sold homes, 89% were sold under asking, 9% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
73 Days | 88 Days | +19.4% |
Summary: Homes in Miramar Beach had an average of 88 days on market in Apr 2024, up by 19.4% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
21 Homes Were Sold
Over 90 Days
Summary: During April 2024, 56 homes were sold in Miramar Beach; 41% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.