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 October 2021

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

$659,900

$337/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$151,150(+29.7%)

Key Takeaway

Homes in Melbourne Shores-Floridana Beach have sold for 29.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $210K$220K
+4.8%
2 $308.2K$377.5K
+22.5%
3 $520K$631.5K
+21.4%
4 $762.5K$845K
+10.8%
5+ $1.1M$1.2M
+2.6%

Median Sold Price Compared To Nearby Cities

Malabar
+30.0%
Melbourne Shores-Floridana Beach
+29.7%
Palm Bay
+27.1%
Grant
+15.8%
Grant-Valkaria
+12.7%

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

Number of Homes For Sale

Sep 2022Oct 2022%
5348-9.4%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 11
0.0%
2 1410
-28.6%
3 2727
0.0%
4 1010
0.0%
5+ 10
-100.0%

Number of Homes Sold

Sep 2022Oct 2022%
189-50.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 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. 66.7% of homes here sold below asking price last month.

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

About Melbourne Shores-Floridana Beach, FL

Melbourne Shores-Floridana Beach, FL has 48 homes on the market. Between September 2022 and October 2022, Melbourne Shores-Floridana Beach, FL real estate market has seen decrease in the number of listings by 9.4%. Listing prices have changed in this real estate market between September 2022 and October 2022: the cost of 1 bedroom properties went up by 4.8%, 2 bedrooms properties became 22.5% more expensive, prices of 3 bedrooms properties increased by 21.4%, 4 bedrooms properties prices increased by 10.8%, 5 bedrooms properties became 2.6% more expensive. Housing inventory have changed in this real estate market: number of 1 bedroom homes remained the same, 2 bedrooms homes inventory decreased by 28.6%, 3 bedrooms homes did not move, the quantity of 4 bedrooms homes have not changed, number of 5 bedrooms homes decreased by 100%. Melbourne Shores-Floridana Beach, FL housing market in October 2022 saw over 2 listings sold above listed price, more than 1 sold at listed price and over 6 sold below.

Related Housing Market Reports