Is Miramar, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Miramar was a Seller's Market.
Key Takeaway
Miramar is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Miramar, FL
How much do homes in Miramar, FL cost?
Median Sold Price
$520,000
$307/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Miramar have sold for 7.2% more than they did a year ago.
Summary: The median home sold price in Miramar was $520,000 in May 2024, up 7.2% from last year, and the median price per square foot was $307.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $235K | $249K | +6.0% |
| 2 Bedrooms | $308K | $347.5K | +12.8% |
| 3 Bedrooms | $460K | $490K | +6.5% |
| 4 Bedrooms | $635K | $650K | +2.4% |
| 5+ Bedrooms | $849K | $945K | +11.3% |
Summary: Miramar housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6%, 2 bedroom homes increased by 12.8%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 11.3%.
Median Sold Price Compared To Nearby Cities
| West Park | $380K | $430K | +13.2% |
| Miami Gardens | $419.1K | $455.2K | +8.6% |
| Miramar-Pembroke Pines | $455.6K | $491.2K | +7.8% |
| Miramar | $485K | $520K | +7.2% |
| Pembroke Pines | $449.8K | $472.8K | +5.1% |
Housing Supply in Miramar, FL
How many homes are available in Miramar, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 372 | 403 | +8.3% |
Summary: The Miramar real estate market had 403 homes for sale in May 2024, a 8.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 8 | 0.0% |
| 2 Bedrooms | 64 | 65 | +1.6% |
| 3 Bedrooms | 130 | 138 | +6.2% |
| 4 Bedrooms | 102 | 115 | +12.7% |
| 5+ Bedrooms | 68 | 77 | +13.2% |
Summary: The Miramar housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes increased by 13.2%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 85 | 58 | -31.8% |
Asking Price vs. Sold Price
39 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Miramar, you may be able to get a good deal. 67.2% of homes here sold below asking price last month.
Summary: A total of 58 homes were sold or pending in Miramar in May 2024, down by 31.8% month-over-month. Of the 58 sold homes, 67% were sold under asking, 24% were sold at asking, and 9% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 42 Days | 39 Days | -7.0% |
Summary: Homes in Miramar had an average of 39 days on market in May 2024, down by 7% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
5 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 May 2024, 58 homes were sold in Miramar; 60% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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