Is Port Malabar Country Club, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Port Malabar Country Club has remained a Seller's Market.
Key Takeaway
Port Malabar Country Club is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Port Malabar Country Club, FL
How much do homes in Port Malabar Country Club, FL cost?
Median Sold Price
$297,000
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Port Malabar Country Club have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in Port Malabar Country Club was $297,000 in May 2024, up 5.7% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $121K | $129.2K | +6.8% |
| 2 Bedrooms | $225K | $192.5K | -14.4% |
| 3 Bedrooms | $272.5K | $300.5K | +10.3% |
| 4 Bedrooms | $505K | $385K | -23.8% |
| 5+ Bedrooms | $525K | $495K | -5.7% |
Summary: Port Malabar Country Club housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.8%, 2 bedroom homes decreased by 14.4%, 3 bedroom homes increased by 10.3%, 4 bedroom homes decreased by 23.8%, and 5+ bedroom homes decreased by 5.7%.
Housing Supply in Port Malabar Country Club, FL
How many homes are available in Port Malabar Country Club, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 42 | 53 | +26.2% |
Summary: The Port Malabar Country Club real estate market had 53 homes for sale in May 2024, a 26.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 10 | 14 | +40.0% |
| 3 Bedrooms | 25 | 27 | +8.0% |
| 4 Bedrooms | 7 | 10 | +42.9% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Port Malabar Country Club housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 14 | +75.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Port Malabar Country Club, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Port Malabar Country Club in May 2024, up by 75.0% month-over-month. Of the 14 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.
Days on Market for Port Malabar Country Club, FL
How long does it take to sell a home in Port Malabar Country Club, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 50 Days | 49 Days | -0.3% |
Summary: Homes in Port Malabar Country Club had an average of 49 days on market in May 2024, down by 0.3% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Port Malabar Country Club are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 14 homes were sold in Port Malabar Country Club; 50% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
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