Is Indialantic, 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 was a Seller's Market.
Key Takeaway
Indialantic is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Indialantic, FL
How much do homes in Indialantic, FL cost?
Median Sold Price
$623,333
$317/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Indialantic have sold for 1.8% less than they did a year ago.
Summary: The median home sold price in Indialantic was $623,333 in March 2024, down 1.8% from last year, and the median price per square foot was $317.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $215K | $218K | +1.4% |
| 2 Bedrooms | $375K | $352K | -6.1% |
| 3 Bedrooms | $621K | $625.5K | +0.7% |
| 4 Bedrooms | $745K | $787K | +5.6% |
| 5+ Bedrooms | $907.5K | $989K | +9.0% |
Summary: Indialantic 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 decreased by 6.1%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 9%.
Median Sold Price Compared To Nearby Cities
| Indialantic-Melbourne Beach | $539.8K | $547.8K | +1.5% |
| Indialantic | $635K | $623.3K | -1.8% |
| Melbourne Beach | $695K | $660K | -5.0% |
Housing Supply in Indialantic, FL
How many homes are available in Indialantic, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 107 | 131 | +22.4% |
Summary: The Indialantic real estate market had 131 homes for sale in March 2024, a 22.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 22 | 29 | +31.8% |
| 3 Bedrooms | 55 | 61 | +10.9% |
| 4 Bedrooms | 22 | 29 | +31.8% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Indialantic housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 31.8%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 31.8%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 20 | +81.8% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Indialantic, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in Indialantic in March 2024, up by 81.8% month-over-month. Of the 20 sold homes, 80% were sold under asking, 5% were sold at asking, and 15% were sold over asking.
Days on Market for Indialantic, FL
How long does it take to sell a home in Indialantic, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 48 Days | 36 Days | -24.0% |
Summary: Homes in Indialantic had an average of 36 days on market in Mar 2024, down by 24% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Indialantic are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 20 homes were sold in Indialantic; 70% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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