Is Melbourne Shores-Floridana Beach, 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, Melbourne Shores-Floridana Beach was a Neutral Market.
Housing Prices in Melbourne Shores-Floridana Beach, FL
How much do homes in Melbourne Shores-Floridana Beach, FL cost?
Median Sold Price
$630,000
$349/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Melbourne Shores-Floridana Beach was $630,000 in March 2024, down 8% from last year, and the median price per square foot was $349.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $305.7K | N/A |
2 Bedrooms | $385K | $402K | +4.4% |
3 Bedrooms | $685K | $640K | -6.6% |
4 Bedrooms | $912.5K | $820K | -10.1% |
5+ Bedrooms | $1.1M | $1.2M | +12.4% |
Summary: Melbourne Shores-Floridana Beach housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.4%, 3 bedroom homes decreased by 6.6%, 4 bedroom homes decreased by 10.1%, and 5+ bedroom homes increased by 12.4%.
Median Sold Price Compared To Nearby Cities
Grant-Valkaria | $366.8K | $567.5K | +54.7% |
Indialantic-Melbourne Beach | $539.8K | $547.8K | +1.5% |
Melbourne Shores-Floridana Beach | $685K | $630K | -8.0% |
Housing Supply in Melbourne Shores-Floridana Beach, FL
How many homes are available in Melbourne Shores-Floridana Beach, FL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
107 | 122 | +14.0% |
Summary: The Melbourne Shores-Floridana Beach real estate market had 122 homes for sale in March 2024, a 14.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 23 | 24 | +4.3% |
3 Bedrooms | 64 | 68 | +6.3% |
4 Bedrooms | 16 | 21 | +31.3% |
5+ Bedrooms | 3 | 7 | +133.3% |
Summary: The Melbourne Shores-Floridana Beach housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 31.3%, and 5+ bedroom homes increased by 133.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 10 | -23.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Melbourne Shores-Floridana Beach in March 2024, down by 23.1% month-over-month. Of the 10 sold homes, 70% were sold under asking, 20% were sold at asking, and 10% were sold over asking.
Days on Market for Melbourne Shores-Floridana Beach, FL
How long does it take to sell a home in Melbourne Shores-Floridana Beach, FL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
24 Days | 45 Days | +89.6% |
Summary: Homes in Melbourne Shores-Floridana Beach had an average of 45 days on market in Mar 2024, up by 89.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 10 homes were sold in Melbourne Shores-Floridana Beach; 50% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.