Real Estate Market Report

Miramar Beach, FL

Single-Family Homes

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


Miramar Beach, FL

Sat Sep 30 2023
This week the median list price for Miramar Beach, FL is $1,498,500 with the market action index hovering around 28. This is an increase over last month's market action index of 27. Inventory has held steady at or around 160. 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

The market shows signs of warming up, with sales demand recently increasing faster than inventory. Prices have not yet responded as the market is still working through excess inventory. It’s unlikely that we’ll see prices level off or move higher until the MAI sustains its upward trend and maybe not until the inventory is depleted enough to create a Seller’s market.

Miramar Beach, FL

Sat Sep 30 2023
This week the median list price for Miramar Beach, FL is $1,498,500 with the market action index hovering around 28. This is an increase over last month's market action index of 27. Inventory has held steady at or around 160. 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

The market shows signs of warming up, with sales demand recently increasing faster than inventory. Prices have not yet responded as the market is still working through excess inventory. It’s unlikely that we’ll see prices level off or move higher until the MAI sustains its upward trend and maybe not until the inventory is depleted enough to create a Seller’s market.

Real-Time Market Profile

Never miss important changes in the Miramar Beach market.
Median List Price $1,498,500
Median Price of New Listings $1,275,000
Per Square Foot $579
Average Days on Market 116
Median Days on Market 81
Price Decreased 47%
Price Increased 1%
Relisted 6%
Inventory 160
Median Rent
Market Action 28
Slight Buyer's Advantage

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. 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
$3,295,000 4,495 8,000 - 10,000 sqft 6 5.5 13 2 3 126
$1,812,500 3,149 4,500 - 6,500 sqft 4 4.3 12 2 4 108
$1,250,000 2,298 4,500 - 6,500 sqft 4 3.8 11 2 3 56
$702,458 1,754 6,500 - 8,000 sqft 3 2 27 4 3 56