Is 32940, 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, 32940 has remained a Seller's Market.
Key Takeaway
32940 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 32940, FL
How much do homes in 32940, FL cost?
Median Sold Price
$485,902
$255/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 32940 have sold for 2.3% more than they did a year ago.
Summary: The median home sold price in 32940 was $485,902 in March 2024, up 2.3% from last year, and the median price per square foot was $255.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | $181.5K | +3.7% |
| 2 Bedrooms | $300K | $325K | +8.3% |
| 3 Bedrooms | $450K | $444.9K | -1.1% |
| 4 Bedrooms | $616.3K | $651.1K | +5.6% |
| 5+ Bedrooms | $777.5K | $858.7K | +10.4% |
Summary: 32940 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.7%, 2 bedroom homes increased by 8.3%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 10.4%.
Housing Supply in 32940, FL
How many homes are available in 32940, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 414 | 430 | +3.9% |
Summary: The 32940 real estate market had 430 homes for sale in March 2024, a 3.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 9 | 0.0% |
| 2 Bedrooms | 72 | 77 | +6.9% |
| 3 Bedrooms | 192 | 198 | +3.1% |
| 4 Bedrooms | 116 | 123 | +6.0% |
| 5+ Bedrooms | 25 | 23 | -8.0% |
Summary: The 32940 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 6.9%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 6%, and 5+ bedroom homes decreased by 8%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 92 | 98 | +6.5% |
Asking Price vs. Sold Price
65 Homes Were Sold
Under Asking
27 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 32940, you may be able to get a good deal. 66.3% of homes here sold below asking price last month.
Summary: A total of 98 homes were sold or pending in 32940 in March 2024, up by 6.5% month-over-month. Of the 98 sold homes, 66% were sold under asking, 28% were sold at asking, and 6% were sold over asking.
Days on Market for 32940, FL
How long does it take to sell a home in 32940, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 36 Days | 42 Days | +18.0% |
Summary: Homes in 32940 had an average of 42 days on market in Mar 2024, up by 18% compared to last year.
Breakdown of Home Sale Times
57 Homes Were Sold
Under 30 Days
23 Homes Were Sold
In 30 - 90 Days
18 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 32940 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 98 homes were sold in 32940; 58% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
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.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
All listings featuring the BMLS logo are provided by BeachesMLS, Inc. Copyright 2024 BeachesMLS, Inc.