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 October 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

$586,000

$296/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$36,000(+6.5%)

Key Takeaway

Homes in Miramar have sold for 6.5% more than they did a year ago.

Summary: The median home sold price in Miramar was $586,000 in October 2024, up 6.5% from last year, and the median price per square foot was $296.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $364.7K$425K
+16.5%
3 $477K$542K
+13.6%
4 $782.7K$1.0M
+33.2%
5+ $1.1M$2.3M
+113.2%

Summary: Miramar housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16.5%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 33.2%, and 5+ bedroom homes increased by 113.2%.

Housing Supply in Miramar, FL

How many homes are available in Miramar, FL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3133+6.5%

Summary: The Miramar real estate market had 33 homes for sale in October 2024, a 6.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 22
0.0%
3 1720
+17.6%
4 76
-14.3%
5+ 55
0.0%

Summary: The Miramar housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 17.6%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
34+33.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 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. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Miramar in October 2024, up by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% 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

Oct 2023Oct 2024CHANGE
12 Days17 Days+35.2%

Summary: Homes in Miramar had an average of 17 days on market in Oct 2024, up by 35.2% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 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 October 2024, 4 homes were sold in Miramar; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% 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 20 Days Ago

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