Is Indialantic-Melbourne Beach, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Indialantic-Melbourne Beach is a seller's market

Buyer's
Market

Difference Since December 2021

Since last year, Indialantic-Melbourne Beach has remained a Seller's Market.

Key Takeaway

Indialantic-Melbourne Beach is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Indialantic-Melbourne Beach, FL cost?

Median Sold Price

$532,500

$301/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2021

+$102,166(+23.7%)

Key Takeaway

Homes in Indialantic-Melbourne Beach have sold for 23.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2021Dec 2022%
1 $170K$215K
+26.5%
2 $281K$330.5K
+17.6%
3 $431K$521.9K
+21.1%
4 $595.1K$701.1K
+17.8%
5+ $799.9K$900K
+12.5%

Median Sold Price Compared To Nearby Cities

Satellite Beach
+29.6%
Indialantic-Melbourne Beach
+23.7%
Melbourne
+21.8%
Indialantic
+17.0%
Indian Harbour Beach
+13.2%

How many homes are available in Indialantic-Melbourne Beach, FL?

Number of Homes For Sale

Nov 2022Dec 2022%
285299+4.9%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 56
+20.0%
2 4344
+2.3%
3 152156
+2.6%
4 6266
+6.5%
5+ 2327
+17.4%

Number of Homes Sold

Nov 2022Dec 2022%
4358+34.9%

Asking Price vs. Sold Price

38 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Indialantic-Melbourne Beach, you may be able to get a good deal. 65.5% of homes here sold below asking price last month.

Average Sale Time

Dec 2021Dec 2022%
3 Days91 Days+2500.0%

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Indialantic-Melbourne Beach are taking a long time to sell, it's a good idea to negotiate on homes here.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Indialantic-Melbourne Beach, FL

Indialantic-Melbourne Beach, FL has 299 homes for sale to choose from. The number of homes for sale in Indialantic-Melbourne Beach, FL increased by 4.9% between November 2022 and December 2022. While the average time on the market in December 2022 was 91 days, the median list price was $532,500. Between November 2022 and December 2022, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties increased by 26.5%, prices of 2 bedrooms properties increased by 17.6%, prices of 3 bedrooms properties went up by 21.1%, prices of 4 bedrooms properties went up by 17.8%, the cost of 5 bedrooms properties went up by 12.5%. Housing inventory have changed in this real estate market: number of 1 bedroom homes increased by 20%, 2 bedrooms homes became 2.3% more available, 3 bedrooms homes inventory increased by 2.6%, volume of 4 bedrooms homes went up by 6.5%, the quantity of 5 bedrooms homes went up by 17.4%. In December 2022 more than 5 listings in Indialantic-Melbourne Beach, FL were sold above the asking price. During the same period more than 15 listings were sold at asking price, while more than 38 were sold below.

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