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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Melbourne Shores-Floridana Beach is a seller's market

Buyer's
Market

Difference Since September 2020

Since last year, Melbourne Shores-Floridana Beach has remained a Seller's Market.

Key Takeaway

Melbourne Shores-Floridana Beach is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Melbourne Shores-Floridana Beach, FL cost?

Median Sold Price

$476,666

$251/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2020

+$37,333(+8.5%)

Key Takeaway

Homes in Melbourne Shores-Floridana Beach have sold for 8.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2020Sep 2021%
1 $169K$210K
+24.3%
2 $248.4K$300K
+20.7%
3 $437.9K$482.5K
+10.2%
4 $564K$645K
+14.4%
5+ $1.1M$741K
-35.6%

Median Sold Price Compared To Nearby Cities

Grant
+20.0%
Grant-Valkaria
+18.6%
Palm Bay
+18.6%
Malabar
+16.0%
Melbourne Shores-Floridana Beach
+8.5%

How many homes are available in Melbourne Shores-Floridana Beach, FL?

Number of Homes For Sale

Aug 2021Sep 2021%
7875-3.8%

Homes For Sale By Bedroom Count

# BEDSAug 2021Sep 2021%
1 11
0.0%
2 1617
+6.3%
3 3133
+6.5%
4 2118
-14.3%
5+ 96
-33.3%

Number of Homes Sold

Aug 2021Sep 2021%
1417+21.4%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Melbourne Shores-Floridana Beach, you may be able to get a good deal. 47.1% of homes here sold below asking price last month.

Average Sale Time

Sep 2020Sep 2021%
89 Days10 Days-88.3%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

About Melbourne Shores-Floridana Beach, FL

Melbourne Shores-Floridana Beach, FL has 75 homes on the market. The number of homes for sale in Melbourne Shores-Floridana Beach, FL decreased by 3.8% between August 2021 and September 2021. In September 2021, listings were on the market for 10 days. During the same period, the median list price in this real estate market was $476,666. Real estate listing prices changed between August 2021 and September 2021: prices of 1 bedroom properties went up by 24.3%, prices of 2 bedrooms properties increased by 20.7%, 3 bedrooms properties became 10.2% more expensive, 4 bedrooms properties prices increased by 14.4%, 5 bedrooms properties prices decreased by 35.6%. Housing inventory have changed in this real estate market: number of 1 bedroom homes remained the same, volume of 2 bedrooms homes went up by 6.3%, 3 bedrooms homes inventory increased by 6.5%, number of 4 bedrooms homes decreased by 14.3%, number of 5 bedrooms homes decreased by 33.3%. Melbourne Shores-Floridana Beach, FL housing market in September 2021 saw over 5 listings sold above listed price, more than 4 sold at listed price and over 8 sold below.

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