Is 32724, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 32724 has remained a Seller's Market.
Key Takeaway
32724 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 32724, FL
How much do homes in 32724, FL cost?
Median Sold Price
$349,225
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 32724 have sold for 0.9% more than they did a year ago.
Summary: The median home sold price in 32724 was $349,225 in April 2024, up 0.9% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $118K | $132.5K | +12.3% |
| 2 Bedrooms | $216.2K | $255K | +17.9% |
| 3 Bedrooms | $324.9K | $330K | +1.5% |
| 4 Bedrooms | $402K | $399K | -0.7% |
| 5+ Bedrooms | $472.4K | $479.5K | +1.5% |
Summary: 32724 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.3%, 2 bedroom homes increased by 17.9%, 3 bedroom homes increased by 1.5%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes increased by 1.5%.
Housing Supply in 32724, FL
How many homes are available in 32724, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 320 | 309 | -3.4% |
Summary: The 32724 real estate market had 309 homes for sale in April 2024, a 3.4% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 60 | 64 | +6.7% |
| 3 Bedrooms | 143 | 135 | -5.6% |
| 4 Bedrooms | 94 | 91 | -3.2% |
| 5+ Bedrooms | 22 | 18 | -18.2% |
Summary: The 32724 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 6.7%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes decreased by 18.2%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 67 | 71 | +6.0% |
Asking Price vs. Sold Price
48 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 32724, you may be able to get a good deal. 67.6% of homes here sold below asking price last month.
Summary: A total of 71 homes were sold or pending in 32724 in April 2024, up by 6.0% month-over-month. Of the 71 sold homes, 68% were sold under asking, 23% were sold at asking, and 10% were sold over asking.
Days on Market for 32724, FL
How long does it take to sell a home in 32724, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 47 Days | 51 Days | +9.9% |
Summary: Homes in 32724 had an average of 51 days on market in Apr 2024, up by 9.9% compared to last year.
Breakdown of Home Sale Times
38 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 32724 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 71 homes were sold in 32724; 54% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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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.
The data relating to real estate for sale on this website comes in part from the Southwest Florida Multiple Listing Service. The information being provided is 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. Information has not been verified, is not guaranteed, and is subject to change. Real estate listings held by other brokerage firms other are marked with the IDX logo and detailed information about them includes the name of the listing brokers.