Is 34103, 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, 34103 has remained a Buyer's Market.
Key Takeaway
34103 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 34103, FL
How much do homes in 34103, FL cost?
Median Sold Price
$1,332,266
$720/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 34103 have sold for 31.6% more than they did a year ago.
Summary: The median home sold price in 34103 was $1,332,266 in March 2024, up 31.6% from last year, and the median price per square foot was $720.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $186K | $385K | +107.0% |
| 2 Bedrooms | $545K | $710K | +30.3% |
| 3 Bedrooms | $2.2M | $1.9M | -13.5% |
| 4 Bedrooms | $3.8M | $3.0M | -21.6% |
| 5+ Bedrooms | $500K | $6.7M | +1255.0% |
Summary: 34103 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 107%, 2 bedroom homes increased by 30.3%, 3 bedroom homes decreased by 13.5%, 4 bedroom homes decreased by 21.6%, and 5+ bedroom homes increased by 1255%.
Median Sold Price Compared To Nearby Zip Codes
| 34105 | $359K | $556.8K | +55.1% |
| 34109 | $480.5K | $714K | +48.6% |
| 34103 | $1.0M | $1.3M | +31.6% |
| 34108 | $1.2M | $1.1M | -5.8% |
Housing Supply in 34103, FL
How many homes are available in 34103, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 463 | 507 | +9.5% |
Summary: The 34103 real estate market had 507 homes for sale in March 2024, a 9.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 12 | +33.3% |
| 2 Bedrooms | 208 | 225 | +8.2% |
| 3 Bedrooms | 146 | 159 | +8.9% |
| 4 Bedrooms | 62 | 67 | +8.1% |
| 5+ Bedrooms | 38 | 44 | +15.8% |
Summary: The 34103 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 8.2%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 15.8%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 32 | 48 | +50.0% |
Asking Price vs. Sold Price
45 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 34103, you may be able to get a good deal. 93.8% of homes here sold below asking price last month.
Summary: A total of 48 homes were sold or pending in 34103 in March 2024, up by 50.0% month-over-month. Of the 48 sold homes, 94% were sold under asking, 4% were sold at asking, and 2% were sold over asking.
Days on Market for 34103, FL
How long does it take to sell a home in 34103, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 56 Days | 107 Days | +91.6% |
Summary: Homes in 34103 had an average of 107 days on market in Mar 2024, up by 91.6% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
22 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 34103 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 48 homes were sold in 34103; 21% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 46% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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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.