Is 34747, 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, 34747 was a Seller's Market.
Key Takeaway
34747 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 34747, FL
How much do homes in 34747, FL cost?
Median Sold Price
$449,974
$239/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 34747 have sold for 2.4% less than they did a year ago.
Summary: The median home sold price in 34747 was $449,974 in March 2024, down 2.4% from last year, and the median price per square foot was $239.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $218K | $199K | -8.7% |
| 2 Bedrooms | $286K | $286K | 0.0% |
| 3 Bedrooms | $365K | $367.3K | +0.6% |
| 4 Bedrooms | $475K | $470K | -1.1% |
| 5+ Bedrooms | $745K | $700K | -6.0% |
Summary: 34747 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.7%, 2 bedroom homes did not change, 3 bedroom homes increased by 0.6%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes decreased by 6%.
Housing Supply in 34747, FL
How many homes are available in 34747, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1,142 | 1,172 | +2.6% |
Summary: The 34747 real estate market had 1,172 homes for sale in March 2024, a 2.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 42 | 48 | +14.3% |
| 2 Bedrooms | 109 | 116 | +6.4% |
| 3 Bedrooms | 370 | 367 | -0.8% |
| 4 Bedrooms | 233 | 230 | -1.3% |
| 5+ Bedrooms | 388 | 411 | +5.9% |
Summary: The 34747 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 6.4%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes increased by 5.9%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 122 | 125 | +2.5% |
Asking Price vs. Sold Price
99 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 34747, you may be able to get a good deal. 79.2% of homes here sold below asking price last month.
Summary: A total of 125 homes were sold or pending in 34747 in March 2024, up by 2.5% month-over-month. Of the 125 sold homes, 79% were sold under asking, 14% were sold at asking, and 6% were sold over asking.
Days on Market for 34747, FL
How long does it take to sell a home in 34747, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 58 Days | 78 Days | +35.2% |
Summary: Homes in 34747 had an average of 78 days on market in Mar 2024, up by 35.2% compared to last year.
Breakdown of Home Sale Times
46 Homes Were Sold
Under 30 Days
32 Homes Were Sold
In 30 - 90 Days
47 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 34747 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 125 homes were sold in 34747; 37% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 38% 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.
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The data relating to real estate for sale on this website comes in part from the Southwest Florida Multiple Listing Service. The information being provided is 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. Information has not been verified, is not guaranteed, and is subject to change. Real estate listings held by other brokerage firms other are marked with the IDX logo and detailed information about them includes the name of the listing brokers.