Is 34748, 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, 34748 has remained a Seller's Market.
Key Takeaway
34748 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 34748, FL
How much do homes in 34748, FL cost?
Median Sold Price
$289,997
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 34748 have sold for 2.6% less than they did a year ago.
Summary: The median home sold price in 34748 was $289,997 in April 2024, down 2.6% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $72K | $87.5K | +21.5% |
| 2 Bedrooms | $240K | $235K | -2.1% |
| 3 Bedrooms | $313K | $305.9K | -2.3% |
| 4 Bedrooms | $361K | $366.3K | +1.5% |
| 5+ Bedrooms | $472.5K | $442.4K | -6.4% |
Summary: 34748 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.5%, 2 bedroom homes decreased by 2.1%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes decreased by 6.4%.
Housing Supply in 34748, FL
How many homes are available in 34748, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 436 | 429 | -1.6% |
Summary: The 34748 real estate market had 429 homes for sale in April 2024, a 1.6% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 156 | 144 | -7.7% |
| 3 Bedrooms | 227 | 226 | -0.4% |
| 4 Bedrooms | 37 | 41 | +10.8% |
| 5+ Bedrooms | 16 | 17 | +6.3% |
Summary: The 34748 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 7.7%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes increased by 6.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 75 | 82 | +9.3% |
Asking Price vs. Sold Price
56 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 34748, you may be able to get a good deal. 68.3% of homes here sold below asking price last month.
Summary: A total of 82 homes were sold or pending in 34748 in April 2024, up by 9.3% month-over-month. Of the 82 sold homes, 68% were sold under asking, 20% were sold at asking, and 12% were sold over asking.
Days on Market for 34748, FL
How long does it take to sell a home in 34748, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 50 Days | 61 Days | +22.0% |
Summary: Homes in 34748 had an average of 61 days on market in Apr 2024, up by 22% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
21 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 34748 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 82 homes were sold in 34748; 45% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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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.