Is West Brevard, 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, West Brevard has remained a Seller's Market.
Housing Prices in West Brevard, FL
How much do homes in West Brevard, FL cost?
Median Sold Price
$564,351
$262/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in West Brevard was $564,351 in May 2024, up 9.3% from last year, and the median price per square foot was $262.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $215K | - | N/A |
2 Bedrooms | $389K | $484.5K | +24.6% |
3 Bedrooms | $459.5K | $495K | +7.7% |
4 Bedrooms | $595K | $620K | +4.2% |
5+ Bedrooms | $662.4K | $801.4K | +21.0% |
Summary: West Brevard housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 24.6%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 21%.
Median Sold Price Compared To Nearby Cities
West Brevard | $516.4K | $564.3K | +9.3% |
West Melbourne | $399.9K | $430K | +7.5% |
Melbourne | $384.9K | $412K | +7.0% |
Cocoa-Rockledge | $348.9K | $349.6K | 0.2% |
Palm Bay | $335.1K | $330K | -1.5% |
Housing Supply in West Brevard, FL
How many homes are available in West Brevard, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
282 | 326 | +15.6% |
Summary: The West Brevard real estate market had 326 homes for sale in May 2024, a 15.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 18 | 24 | +33.3% |
3 Bedrooms | 107 | 127 | +18.7% |
4 Bedrooms | 129 | 142 | +10.1% |
5+ Bedrooms | 28 | 33 | +17.9% |
Summary: The West Brevard 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 33.3%, 3 bedroom homes increased by 18.7%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes increased by 17.9%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
51 | 95 | +86.3% |
Asking Price vs. Sold Price
47 Homes Were Sold
Under Asking
44 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 95 homes were sold or pending in West Brevard in May 2024, up by 86.3% month-over-month. Of the 95 sold homes, 49% were sold under asking, 46% were sold at asking, and 4% were sold over asking.
Days on Market for West Brevard, FL
How long does it take to sell a home in West Brevard, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
55 Days | 40 Days | -27.0% |
Summary: Homes in West Brevard had an average of 40 days on market in May 2024, down by 27% compared to last year.
Breakdown of Home Sale Times
58 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Summary: During May 2024, 95 homes were sold in West Brevard; 61% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.