Is 32725, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 32725 has remained a Seller's Market.
Key Takeaway
32725 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 32725, FL
How much do homes in 32725, FL cost?
Median Sold Price
$305,211
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 32725 have sold for 1.7% more than they did a year ago.
Summary: The median home sold price in 32725 was $305,211 in March 2024, up 1.7% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $163.9K | $110.5K | -32.6% |
| 2 Bedrooms | $220.2K | $235K | +6.7% |
| 3 Bedrooms | $304.9K | $310K | +1.6% |
| 4 Bedrooms | $353K | $369K | +4.5% |
| 5+ Bedrooms | $394.5K | $436.8K | +10.7% |
Summary: 32725 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 32.6%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 10.7%.
Housing Supply in 32725, FL
How many homes are available in 32725, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 278 | 304 | +9.4% |
Summary: The 32725 real estate market had 304 homes for sale in March 2024, a 9.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 52 | 51 | -1.9% |
| 3 Bedrooms | 160 | 181 | +13.1% |
| 4 Bedrooms | 52 | 58 | +11.5% |
| 5+ Bedrooms | 12 | 13 | +8.3% |
Summary: The 32725 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 1.9%, 3 bedroom homes increased by 13.1%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 51 | 72 | +41.2% |
Asking Price vs. Sold Price
33 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 32725, you may be able to get a good deal. 45.8% of homes here sold below asking price last month.
Summary: A total of 72 homes were sold or pending in 32725 in March 2024, up by 41.2% month-over-month. Of the 72 sold homes, 46% were sold under asking, 32% were sold at asking, and 22% were sold over asking.
Days on Market for 32725, FL
How long does it take to sell a home in 32725, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 55 Days | 46 Days | -15.8% |
Summary: Homes in 32725 had an average of 46 days on market in Mar 2024, down by 15.8% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 32725 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 72 homes were sold in 32725; 51% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 19% 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.
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.