Is 34448, 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, 34448 was a Seller's Market.
Key Takeaway
34448 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 34448, FL
How much do homes in 34448, FL cost?
Median Sold Price
$290,942
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 34448 have sold for 17.7% less than they did a year ago.
Summary: The median home sold price in 34448 was $290,942 in March 2024, down 17.7% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $71K | N/A |
| 2 Bedrooms | $304.9K | $269K | -11.8% |
| 3 Bedrooms | $347.3K | $274.8K | -20.9% |
| 4 Bedrooms | $352.3K | $332.8K | -5.5% |
| 5+ Bedrooms | $524.7K | $352.5K | -32.8% |
Summary: 34448 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 11.8%, 3 bedroom homes decreased by 20.9%, 4 bedroom homes decreased by 5.5%, and 5+ bedroom homes decreased by 32.8%.
Housing Supply in 34448, FL
How many homes are available in 34448, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 86 | 94 | +9.3% |
Summary: The 34448 real estate market had 94 homes for sale in March 2024, a 9.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 19 | 23 | +21.1% |
| 3 Bedrooms | 41 | 41 | 0.0% |
| 4 Bedrooms | 22 | 24 | +9.1% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The 34448 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 21.1%, 3 bedroom homes remained the same, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 11 | 0.0% |
Asking Price vs. Sold Price
8 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 34448, you may be able to get a good deal. 72.7% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in 34448 in March 2024, the same as the previous month. Of the 11 sold homes, 73% were sold under asking, 18% were sold at asking, and 9% were sold over asking.
Days on Market for 34448, FL
How long does it take to sell a home in 34448, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 16 Days | 73 Days | +361.9% |
Summary: Homes in 34448 had an average of 73 days on market in Mar 2024, up by 361.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 34448 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 11 homes were sold in 34448; 36% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 45% 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.