Is Canaveral Groves, 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, Canaveral Groves has remained a Seller's Market.
Key Takeaway
Canaveral Groves is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Canaveral Groves, FL
How much do homes in Canaveral Groves, FL cost?
Median Sold Price
$415,000
$241/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Canaveral Groves have sold for 8.8% less than they did a year ago.
Summary: The median home sold price in Canaveral Groves was $415,000 in April 2024, down 8.8% from last year, and the median price per square foot was $241.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $299.5K | $369.9K | +23.5% |
| 3 Bedrooms | $437.5K | $402.5K | -8.0% |
| 4 Bedrooms | $469K | $433K | -7.7% |
| 5+ Bedrooms | $654.5K | $571K | -12.8% |
Summary: Canaveral Groves 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 increased by 23.5%, 3 bedroom homes decreased by 8%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes decreased by 12.8%.
Housing Supply in Canaveral Groves, FL
How many homes are available in Canaveral Groves, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 16 | +6.7% |
Summary: The Canaveral Groves real estate market had 16 homes for sale in April 2024, a 6.7% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 9 | 10 | +11.1% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Canaveral Groves 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 remained the same, 3 bedroom homes increased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 5 | +400.0% |
Asking Price vs. Sold Price
2 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 Canaveral Groves, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Canaveral Groves in April 2024, up by 400.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for Canaveral Groves, FL
How long does it take to sell a home in Canaveral Groves, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 28 Days | 57 Days | +103.5% |
Summary: Homes in Canaveral Groves had an average of 57 days on market in Apr 2024, up by 103.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Canaveral Groves are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in Canaveral Groves; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
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