Is Rockledge, 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, Rockledge has remained a Seller's Market.
Key Takeaway
Rockledge is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rockledge, FL
How much do homes in Rockledge, FL cost?
Median Sold Price
$371,036
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Rockledge have sold for 1.7% more than they did a year ago.
Summary: The median home sold price in Rockledge was $371,036 in May 2024, up 1.7% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $55K | $170K | +209.1% |
| 2 Bedrooms | $230K | $230K | 0.0% |
| 3 Bedrooms | $345.2K | $360K | +4.3% |
| 4 Bedrooms | $438.1K | $410.8K | -6.2% |
| 5+ Bedrooms | $552.5K | $505K | -8.6% |
Summary: Rockledge housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 209.1%, 2 bedroom homes did not change, 3 bedroom homes increased by 4.3%, 4 bedroom homes decreased by 6.2%, and 5+ bedroom homes decreased by 8.6%.
Median Sold Price Compared To Nearby Cities
| Rockledge | $364.9K | $371K | +1.7% |
| Merritt Island | $466.3K | $468.3K | 0.4% |
| Cocoa-Rockledge | $348.9K | $349.6K | 0.2% |
| Cocoa | $314.7K | $307.2K | -2.4% |
Housing Supply in Rockledge, FL
How many homes are available in Rockledge, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 326 | 363 | +11.3% |
Summary: The Rockledge real estate market had 363 homes for sale in May 2024, a 11.3% 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 | 35 | 39 | +11.4% |
| 3 Bedrooms | 133 | 156 | +17.3% |
| 4 Bedrooms | 126 | 134 | +6.3% |
| 5+ Bedrooms | 32 | 33 | +3.1% |
Summary: The Rockledge 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 11.4%, 3 bedroom homes increased by 17.3%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 3.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 75 | 64 | -14.7% |
Asking Price vs. Sold Price
32 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rockledge, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 64 homes were sold or pending in Rockledge in May 2024, down by 14.7% month-over-month. Of the 64 sold homes, 50% were sold under asking, 31% were sold at asking, and 19% were sold over asking.
Days on Market for Rockledge, FL
How long does it take to sell a home in Rockledge, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 31 Days | 35 Days | +13.0% |
Summary: Homes in Rockledge had an average of 35 days on market in May 2024, up by 13% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
23 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rockledge are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 64 homes were sold in Rockledge; 55% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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