Is Rockledge, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
Since last year, Rockledge has remained a Seller's Market.
Key Takeaway
Rockledge is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rockledge, FL
How much do homes in Rockledge, FL cost?
Median Sold Price
$372,276
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Rockledge have sold for 6.6% more than they did a year ago.
Summary: The median home sold price in Rockledge was $372,276 in November 2023, up 6.6% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $72K | $55K | -23.6% |
| 2 Bedrooms | $220K | $230K | +4.5% |
| 3 Bedrooms | $324.8K | $356.8K | +9.9% |
| 4 Bedrooms | $427K | $441.9K | +3.5% |
| 5+ Bedrooms | $555K | $565K | +1.8% |
Summary: Rockledge housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 23.6%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 1.8%.
Median Sold Price Compared To Nearby Cities
| Rockledge | $349.3K | $372.2K | +6.6% |
| Cocoa | $295K | $309.9K | +5.1% |
| Cocoa-Rockledge | $340.3K | $349.8K | +2.8% |
| Merritt Island | $458.9K | $459.4K | 0.1% |
Housing Supply in Rockledge, FL
How many homes are available in Rockledge, FL?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 280 | 288 | +2.9% |
Summary: The Rockledge real estate market had 288 homes for sale in November 2023, a 2.9% increase compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 25 | 29 | +16.0% |
| 3 Bedrooms | 117 | 115 | -1.7% |
| 4 Bedrooms | 117 | 122 | +4.3% |
| 5+ Bedrooms | 19 | 20 | +5.3% |
Summary: The Rockledge housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 5.3%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 48 | 63 | +31.3% |
Asking Price vs. Sold Price
45 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rockledge, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 63 homes were sold or pending in Rockledge in November 2023, up by 31.3% month-over-month. Of the 63 sold homes, 71% were sold under asking, 25% were sold at asking, and 3% were sold over asking.
Days on Market for Rockledge, FL
How long does it take to sell a home in Rockledge, FL?
Average Sale Time
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 30 Days | 58 Days | +96.1% |
Summary: Homes in Rockledge had an average of 58 days on market in Nov 2023, up by 96.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Rockledge has remained consistent over time.
Summary: During November 2023, 63 homes were sold in Rockledge; 3% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
Copyright © 2023 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Brevard Multiple Listing Service. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.
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