Real Estate Market Report

Miramar Beach, FL

Single-Family Homes

Craig Tindall, Broker | 850-454-8160 | https://www.destinjustlisted.com



Miramar Beach, FL

Sun Feb 25 2024
This week the median list price for Miramar Beach, FL is $1,325,000 with the market action index hovering around 26. This is an increase over last month's market action index of 25. Inventory has increased to 186. Click here to stay informed with the Miramar Beach market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Buyer's Advantage

Home sales have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing.

Miramar Beach, FL

Sun Feb 25 2024
This week the median list price for Miramar Beach, FL is $1,325,000 with the market action index hovering around 26. This is an increase over last month's market action index of 25. Inventory has increased to 186. Click here to stay informed with the Miramar Beach market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Buyer's Advantage

Home sales have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Miramar Beach market.
Median List Price $1,325,000
Median Price of New Listings $1,270,000
Per Square Foot $555
Average Days on Market 147
Median Days on Market 126
Price Decreased 35%
Price Increased 4%
Relisted 8%
Inventory 186
Median Rent
Market Action 26
Slight Buyer's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$3,499,000 4,637 0.25 - 0.5 acre 6 6.5 8 2 1 119
$1,624,499 2,865 6,500 - 8,000 sqft 4 3.5 20 3 3 147
$1,150,000 2,256 4,500 - 6,500 sqft 4 3.5 19 3 9 133
$599,000 1,628 4,500 - 6,500 sqft 3 2 27 3 3 70