Is 33071, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 33071 was a Seller's Market.
Key Takeaway
33071 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 33071, FL
How much do homes in 33071, FL cost?
Median Sold Price
$557,500
$281/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 33071 have sold for 7.1% less than they did a year ago.
Summary: The median home sold price in 33071 was $557,500 in March 2024, down 7.1% from last year, and the median price per square foot was $281.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $190K | $202.5K | +6.6% |
| 2 Bedrooms | $233K | $249K | +6.9% |
| 3 Bedrooms | $499.9K | $453.4K | -9.3% |
| 4 Bedrooms | $679.9K | $690K | +1.5% |
| 5+ Bedrooms | $870K | $913.6K | +5.0% |
Summary: 33071 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.6%, 2 bedroom homes increased by 6.9%, 3 bedroom homes decreased by 9.3%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 5%.
Housing Supply in 33071, FL
How many homes are available in 33071, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 102 | 111 | +8.8% |
Summary: The 33071 real estate market had 111 homes for sale in March 2024, a 8.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 6 | +20.0% |
| 2 Bedrooms | 21 | 25 | +19.0% |
| 3 Bedrooms | 24 | 26 | +8.3% |
| 4 Bedrooms | 34 | 34 | 0.0% |
| 5+ Bedrooms | 18 | 20 | +11.1% |
Summary: The 33071 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 19%, 3 bedroom homes increased by 8.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 17 | 16 | -5.9% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 33071, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in 33071 in March 2024, down by 5.9% month-over-month. Of the 16 sold homes, 75% were sold under asking, 6% were sold at asking, and 19% were sold over asking.
Days on Market for 33071, FL
How long does it take to sell a home in 33071, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 39 Days | 51 Days | +31.3% |
Summary: Homes in 33071 had an average of 51 days on market in Mar 2024, up by 31.3% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 33071 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 16 homes were sold in 33071; 56% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
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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.