$9,488 Closing Credit*
$799,000
2,173 SqFt
4 Beds
•4 Full Baths
Lynn Tenniswood-Camarotti, Listing Office: EXP Realty LLC
Is Melbourne Beach, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Melbourne Beach was a Seller's Market.
Key Takeaway
Melbourne Beach is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Melbourne Beach, FL
How much do homes in Melbourne Beach, FL cost?
Median Sold Price
$714,500
$366/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$64,500(+9.9%)
Key Takeaway
Homes in Melbourne Beach have sold for 9.9% more than they did a year ago.
Summary: The median home sold price in Melbourne Beach was $714,500 in September 2024, up 9.9% from last year, and the median price per square foot was $366.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $212K | $210K | -0.9% |
| 2 Bedrooms | $390K | $410K | +5.1% |
| 3 Bedrooms | $655K | $717.5K | +9.5% |
| 4 Bedrooms | $868.2K | $930K | +7.1% |
| 5+ Bedrooms | $1.1M | $1.2M | +4.8% |
Summary: Melbourne Beach housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.9%, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 4.8%.
Median Sold Price Compared To Nearby Cities
| Melbourne Beach | $650K | $714.5K | +9.9% |
| Indialantic-Melbourne Beach | $531.3K | $549.9K | +3.5% |
| Indialantic | $630K | $575.3K | -8.7% |
Housing Supply in Melbourne Beach, FL
How many homes are available in Melbourne Beach, FL?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 162 | 163 | +0.6% |
Summary: The Melbourne Beach real estate market had 163 homes for sale in September 2024, a 0.6% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 27 | 31 | +14.8% |
| 3 Bedrooms | 76 | 72 | -5.3% |
| 4 Bedrooms | 41 | 41 | 0.0% |
| 5+ Bedrooms | 16 | 16 | 0.0% |
Summary: The Melbourne Beach housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 14.8%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 24 | 13 | -45.8% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Melbourne Beach, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Melbourne Beach in September 2024, down by 45.8% month-over-month. Of the 13 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Melbourne Beach, FL
How long does it take to sell a home in Melbourne Beach, FL?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 102 Days | 47 Days | -53.8% |
Summary: Homes in Melbourne Beach had an average of 47 days on market in Sep 2024, down by 53.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Melbourne Beach are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 13 homes were sold in Melbourne Beach; 46% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
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© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.