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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Melbourne Village is a seller's market

Buyer's
Market

Difference Since May 2021

Since last year, Melbourne Village has remained a Seller's Market.

Key Takeaway

Melbourne Village is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Melbourne Village, FL cost?

Median Sold Price

$302,500

$196/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2021

-$34,500(-10.2%)

Key Takeaway

Homes in Melbourne Village have sold for 10.2% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2021May 2022%
1 --
N/A
2 $182.7K$262.5K
+43.6%
3 $339.4K$370K
+9.0%
4 $375K$250K
-33.3%
5+ $530.8K-
N/A

Median Sold Price Compared To Nearby Cities

Melbourne
+23.0%
West Melbourne
+22.4%
Melbourne Village
-10.2%

How many homes are available in Melbourne Village, FL?

Number of Homes For Sale

Apr 2022May 2022%
45+25.0%

Homes For Sale By Bedroom Count

# BEDSApr 2022May 2022%
1 00
0.0%
2 00
0.0%
3 32
-33.3%
4 13
+200.0%
5+ 00
0.0%

Number of Homes Sold

Apr 2022May 2022%
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Melbourne Village, you could pay more than the asking price. 100% of homes here sold above asking price last month.

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

About Melbourne Village, FL

Homes for sale in Melbourne Village, FL have reached 5. The number of listings in Melbourne Village, FL increased by 25% between April 2022 and May 2022. Listing prices have changed in this real estate market between April 2022 and May 2022: 1 bedroom properties prices increased by 0%, 2 bedrooms properties became 43.6% more expensive, the cost of 3 bedrooms properties went up by 9%, the cost of 4 bedrooms properties went down by 33.3%, prices of 5 bedrooms properties increased by 0%. The following changes in the number of homes for sale were observed in this housing market: volume of 1 bedroom homes stayed the same, the quantity of 2 bedrooms homes have not changed, 3 bedrooms homes became 33.3% less available, number of 4 bedrooms homes increased by 200%, volume of 5 bedrooms homes stayed the same. Over 1 listings were sold over their listed price in May 2022 in Melbourne Village, FL. In the same period over 0 listings were sold below the listed price and 0 listings were sold for the listed price.

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