Is 34431, 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, 34431 has remained a Seller's Market.
Key Takeaway
34431 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 34431, FL
How much do homes in 34431, FL cost?
Median Sold Price
$249,250
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 34431 have sold for 7.7% less than they did a year ago.
Summary: The median home sold price in 34431 was $249,250 in March 2024, down 7.7% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $162.5K | $114K | -29.8% |
| 2 Bedrooms | $200K | $215.5K | +7.8% |
| 3 Bedrooms | $275K | $250.3K | -9.0% |
| 4 Bedrooms | $345K | $329K | -4.6% |
| 5+ Bedrooms | $365K | $445K | +21.9% |
Summary: 34431 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 29.8%, 2 bedroom homes increased by 7.8%, 3 bedroom homes decreased by 9%, 4 bedroom homes decreased by 4.6%, and 5+ bedroom homes increased by 21.9%.
Housing Supply in 34431, FL
How many homes are available in 34431, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 158 | 140 | -11.4% |
Summary: The 34431 real estate market had 140 homes for sale in March 2024, a 11.4% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 20 | 19 | -5.0% |
| 3 Bedrooms | 117 | 103 | -12.0% |
| 4 Bedrooms | 17 | 14 | -17.6% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 34431 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 decreased by 5%, 3 bedroom homes decreased by 12%, 4 bedroom homes decreased by 17.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 37 | 28 | -24.3% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 34431, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in 34431 in March 2024, down by 24.3% month-over-month. Of the 28 sold homes, 43% were sold under asking, 43% were sold at asking, and 14% were sold over asking.
Days on Market for 34431, FL
How long does it take to sell a home in 34431, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 35 Days | 51 Days | +46.9% |
Summary: Homes in 34431 had an average of 51 days on market in Mar 2024, up by 46.9% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 34431 has remained consistent over time.
Summary: During March 2024, 28 homes were sold in 34431; 39% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 14% 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.