Is Indialantic-Melbourne Beach, 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, Indialantic-Melbourne Beach was a Seller's Market.
Housing Prices in Indialantic-Melbourne Beach, FL
How much do homes in Indialantic-Melbourne Beach, FL cost?
Median Sold Price
$547,893
$303/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Indialantic-Melbourne Beach was $547,893 in March 2024, up 1.5% from last year, and the median price per square foot was $303.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $215K | $218K | +1.4% |
2 Bedrooms | $330.5K | $338K | +2.3% |
3 Bedrooms | $525.7K | $550K | +4.6% |
4 Bedrooms | $715K | $722.5K | +1.0% |
5+ Bedrooms | $945K | $969.5K | +2.6% |
Summary: Indialantic-Melbourne Beach housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.4%, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 1%, and 5+ bedroom homes increased by 2.6%.
Median Sold Price Compared To Nearby Cities
Melbourne | $381.1K | $403.3K | +5.8% |
Satellite Beach | $500K | $512K | +2.4% |
Indialantic-Melbourne Beach | $539.8K | $547.8K | +1.5% |
Indian Harbour Beach | $445K | $449.5K | +1.0% |
Indialantic | $635K | $623.3K | -1.8% |
Housing Supply in Indialantic-Melbourne Beach, FL
How many homes are available in Indialantic-Melbourne Beach, FL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
333 | 384 | +15.3% |
Summary: The Indialantic-Melbourne Beach real estate market had 384 homes for sale in March 2024, a 15.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 9 | +50.0% |
2 Bedrooms | 79 | 87 | +10.1% |
3 Bedrooms | 142 | 164 | +15.5% |
4 Bedrooms | 80 | 95 | +18.8% |
5+ Bedrooms | 26 | 29 | +11.5% |
Summary: The Indialantic-Melbourne Beach housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 10.1%, 3 bedroom homes increased by 15.5%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes increased by 11.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
42 | 63 | +50.0% |
Asking Price vs. Sold Price
51 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 63 homes were sold or pending in Indialantic-Melbourne Beach in March 2024, up by 50.0% month-over-month. Of the 63 sold homes, 81% were sold under asking, 8% were sold at asking, and 11% were sold over asking.
Days on Market for Indialantic-Melbourne Beach, FL
How long does it take to sell a home in Indialantic-Melbourne Beach, FL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
41 Days | 41 Days | +2.0% |
Summary: Homes in Indialantic-Melbourne Beach had an average of 41 days on market in Mar 2024, up by 2% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During March 2024, 63 homes were sold in Indialantic-Melbourne Beach; 56% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.