Is 34608, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 34608 has remained a Seller's Market.
Key Takeaway
34608 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 34608, FL
How much do homes in 34608, FL cost?
Median Sold Price
$315,000
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 34608 have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in 34608 was $315,000 in April 2024, up 3.8% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $250.7K | $250.8K | 0.0% |
| 3 Bedrooms | $324.9K | $325.2K | 0.1% |
| 4 Bedrooms | $340K | $335.4K | -1.3% |
| 5+ Bedrooms | $434.5K | $480K | +10.5% |
Summary: 34608 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 0.1%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes increased by 10.5%.
Housing Supply in 34608, FL
How many homes are available in 34608, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 423 | 425 | 0.5% |
Summary: The 34608 real estate market had 425 homes for sale in April 2024, a 0.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 97 | 103 | +6.2% |
| 3 Bedrooms | 216 | 225 | +4.2% |
| 4 Bedrooms | 98 | 79 | -19.4% |
| 5+ Bedrooms | 12 | 18 | +50.0% |
Summary: The 34608 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 6.2%, 3 bedroom homes increased by 4.2%, 4 bedroom homes decreased by 19.4%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 108 | 83 | -23.1% |
Asking Price vs. Sold Price
44 Homes Were Sold
Under Asking
29 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 34608, you may be able to get a good deal. 53% of homes here sold below asking price last month.
Summary: A total of 83 homes were sold or pending in 34608 in April 2024, down by 23.1% month-over-month. Of the 83 sold homes, 53% were sold under asking, 35% were sold at asking, and 12% were sold over asking.
Days on Market for 34608, FL
How long does it take to sell a home in 34608, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 51 Days | 42 Days | -17.8% |
Summary: Homes in 34608 had an average of 42 days on market in Apr 2024, down by 17.8% compared to last year.
Breakdown of Home Sale Times
40 Homes Were Sold
Under 30 Days
30 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 34608 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 83 homes were sold in 34608; 48% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
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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.
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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.