Is Brevard County, 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, Brevard County has remained a Seller's Market.
Key Takeaway
Brevard County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Brevard County, FL
How much do homes in Brevard County, FL cost?
Median Sold Price
$350,920
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
The sold price of homes in Brevard County has remained the same since last year.
Summary: The median home sold price in Brevard County was $350,920 in March 2024, up 0.3% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $169.9K | $175K | +3.0% |
| 2 Bedrooms | $249K | $257.1K | +3.3% |
| 3 Bedrooms | $338.5K | $339.8K | 0.4% |
| 4 Bedrooms | $393.3K | $399.9K | +1.7% |
| 5+ Bedrooms | $576K | $615.6K | +6.9% |
Summary: Brevard County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 6.9%.
Median Sold Price Compared To Nearby Counties
| Indian River County | $353.1K | $375K | +6.2% |
| Orange County | $392.9K | $412.7K | +5.0% |
| Volusia County | $334.9K | $345.6K | +3.2% |
| Osceola County | $387.2K | $392.5K | +1.4% |
| Brevard County | $350K | $350.9K | 0.3% |
Housing Supply in Brevard County, FL
How many homes are available in Brevard County, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5,275 | 5,717 | +8.4% |
Summary: The Brevard County real estate market had 5,717 homes for sale in March 2024, a 8.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 129 | 141 | +9.3% |
| 2 Bedrooms | 813 | 906 | +11.4% |
| 3 Bedrooms | 2,458 | 2,633 | +7.1% |
| 4 Bedrooms | 1,620 | 1,753 | +8.2% |
| 5+ Bedrooms | 255 | 284 | +11.4% |
Summary: The Brevard County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.3%, 2 bedroom homes increased by 11.4%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 11.4%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 886 | 992 | +12.0% |
Asking Price vs. Sold Price
642 Homes Were Sold
Under Asking
252 Homes Were Sold
At Asking
98 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brevard County, you may be able to get a good deal. 64.7% of homes here sold below asking price last month.
Summary: A total of 992 homes were sold or pending in Brevard County in March 2024, up by 12.0% month-over-month. Of the 992 sold homes, 65% were sold under asking, 25% were sold at asking, and 10% were sold over asking.
Days on Market for Brevard County, FL
How long does it take to sell a home in Brevard County, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 55 Days | 57 Days | +3.1% |
Summary: Homes in Brevard County had an average of 57 days on market in Mar 2024, up by 3.1% compared to last year.
Breakdown of Home Sale Times
452 Homes Were Sold
Under 30 Days
298 Homes Were Sold
In 30 - 90 Days
242 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Brevard County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 992 homes were sold in Brevard County; 46% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.
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