Is 32701, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 32701 was a Seller's Market.
Key Takeaway
32701 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 32701, FL
How much do homes in 32701, FL cost?
Median Sold Price
$286,750
$219/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 32701 have sold for 4.3% more than they did a year ago.
Summary: The median home sold price in 32701 was $286,750 in April 2024, up 4.3% from last year, and the median price per square foot was $219.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $140K | $148K | +5.7% |
| 2 Bedrooms | $195K | $196.4K | +0.8% |
| 3 Bedrooms | $332.5K | $352.5K | +6.0% |
| 4 Bedrooms | $452K | $456.2K | +0.9% |
| 5+ Bedrooms | $535K | $480K | -10.3% |
Summary: 32701 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.7%, 2 bedroom homes increased by 0.8%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes decreased by 10.3%.
Housing Supply in 32701, FL
How many homes are available in 32701, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 155 | 159 | +2.6% |
Summary: The 32701 real estate market had 159 homes for sale in April 2024, a 2.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 39 | 46 | +17.9% |
| 2 Bedrooms | 43 | 41 | -4.7% |
| 3 Bedrooms | 58 | 55 | -5.2% |
| 4 Bedrooms | 13 | 13 | 0.0% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The 32701 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 17.9%, 2 bedroom homes decreased by 4.7%, 3 bedroom homes decreased by 5.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 27 | 19 | -29.6% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 32701, you may be able to get a good deal. 73.7% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in 32701 in April 2024, down by 29.6% month-over-month. Of the 19 sold homes, 74% were sold under asking, 21% were sold at asking, and 5% were sold over asking.
Days on Market for 32701, FL
How long does it take to sell a home in 32701, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 25 Days | 60 Days | +142.5% |
Summary: Homes in 32701 had an average of 60 days on market in Apr 2024, up by 142.5% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 32701 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 19 homes were sold in 32701; 47% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
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© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
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Copyright © 2024 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.