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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Melbourne Beach is a buyer's market

Buyer's
Market

Difference Since June 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

$722,500

$369/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$65,000(+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 $722,500 in June 2024, up 9.9% from last year, and the median price per square foot was $369.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $232.2K$207.5K
-10.7%
2 $399.5K$413K
+3.4%
3 $677K$715K
+5.6%
4 $866.2K$925K
+6.8%
5+ $1.2M$1.2M
-2.0%

Summary: Melbourne Beach housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.7%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes decreased by 2%.

Median Sold Price Compared To Nearby Cities

Melbourne Beach
+9.9%
Indialantic-Melbourne Beach
+4.6%
Indialantic
-3.1%

Housing Supply in Melbourne Beach, FL

How many homes are available in Melbourne Beach, FL?

Number of Homes For Sale

May 2024Jun 2024CHANGE
173199+15.0%

Summary: The Melbourne Beach real estate market had 199 homes for sale in June 2024, a 15.0% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 01
+100.0%
2 3039
+30.0%
3 8497
+15.5%
4 3845
+18.4%
5+ 2117
-19.0%

Summary: The Melbourne Beach housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 30%, 3 bedroom homes increased by 15.5%, 4 bedroom homes increased by 18.4%, and 5+ bedroom homes decreased by 19%.

Number of Homes Sold

May 2024Jun 2024CHANGE
2515-40.0%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Melbourne Beach, you may be able to get a good deal. 86.7% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in Melbourne Beach in June 2024, down by 40.0% month-over-month. Of the 15 sold homes, 87% were sold under asking, 7% were sold at asking, and 7% 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

Jun 2023Jun 2024CHANGE
34 Days39 Days+15.0%

Summary: Homes in Melbourne Beach had an average of 39 days on market in Jun 2024, up by 15% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Melbourne Beach are selling fast, if you're buying plan to act quickly.

Summary: During June 2024, 15 homes were sold in Melbourne Beach; 53% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.

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

Report Updated 23 Days Ago

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