Is Indian River County, 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, Indian River County was a Seller's Market.
Key Takeaway
Indian River County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Indian River County, FL
How much do homes in Indian River County, FL cost?
Median Sold Price
$375,000
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Indian River County have sold for 6.2% more than they did a year ago.
Summary: The median home sold price in Indian River County was $375,000 in March 2024, up 6.2% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $132.5K | $123K | -7.2% |
| 2 Bedrooms | $260K | $264.9K | +1.9% |
| 3 Bedrooms | $362.2K | $380.5K | +5.1% |
| 4 Bedrooms | $460K | $555.9K | +20.8% |
| 5+ Bedrooms | $634.5K | $750K | +18.2% |
Summary: Indian River County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.2%, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 20.8%, and 5+ bedroom homes increased by 18.2%.
Median Sold Price Compared To Nearby Counties
| Indian River County | $353.1K | $375K | +6.2% |
| Saint Lucie County | $374.9K | $380K | +1.4% |
| Osceola County | $387.2K | $392.5K | +1.4% |
| Brevard County | $350K | $350.9K | 0.3% |
| Okeechobee County | $260.7K | $250K | -4.1% |
Housing Supply in Indian River County, FL
How many homes are available in Indian River County, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1,278 | 1,423 | +11.3% |
Summary: The Indian River County real estate market had 1,423 homes for sale in March 2024, a 11.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 40 | 44 | +10.0% |
| 2 Bedrooms | 294 | 332 | +12.9% |
| 3 Bedrooms | 671 | 730 | +8.8% |
| 4 Bedrooms | 221 | 260 | +17.6% |
| 5+ Bedrooms | 52 | 57 | +9.6% |
Summary: The Indian River County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 12.9%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes increased by 9.6%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 151 | 172 | +13.9% |
Asking Price vs. Sold Price
132 Homes Were Sold
Under Asking
31 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Indian River County, you may be able to get a good deal. 76.7% of homes here sold below asking price last month.
Summary: A total of 172 homes were sold or pending in Indian River County in March 2024, up by 13.9% month-over-month. Of the 172 sold homes, 77% were sold under asking, 18% were sold at asking, and 5% were sold over asking.
Days on Market for Indian River County, FL
How long does it take to sell a home in Indian River County, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 48 Days | 72 Days | +50.6% |
Summary: Homes in Indian River County had an average of 72 days on market in Mar 2024, up by 50.6% compared to last year.
Breakdown of Home Sale Times
71 Homes Were Sold
Under 30 Days
48 Homes Were Sold
In 30 - 90 Days
53 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Indian River County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 172 homes were sold in Indian River County; 41% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.
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