Is Satellite Beach, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Satellite Beach has remained a Seller's Market.
Key Takeaway
Satellite Beach is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Satellite Beach, FL
How much do homes in Satellite Beach, FL cost?
Median Sold Price
$512,000
$296/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Satellite Beach have sold for 2.4% more than they did a year ago.
Summary: The median home sold price in Satellite Beach was $512,000 in March 2024, up 2.4% from last year, and the median price per square foot was $296.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $180K | - | N/A |
| 2 Bedrooms | $350K | $354K | +1.1% |
| 3 Bedrooms | $486K | $494.7K | +1.8% |
| 4 Bedrooms | $670K | $649.9K | -3.0% |
| 5+ Bedrooms | $865K | $775K | -10.4% |
Summary: Satellite 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 1.1%, 3 bedroom homes increased by 1.8%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes decreased by 10.4%.
Median Sold Price Compared To Nearby Cities
| Satellite Beach | $500K | $512K | +2.4% |
| Indialantic-Melbourne Beach | $539.8K | $547.8K | +1.5% |
| Indian Harbour Beach | $445K | $449.5K | +1.0% |
Housing Supply in Satellite Beach, FL
How many homes are available in Satellite Beach, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 117 | 129 | +10.3% |
Summary: The Satellite Beach real estate market had 129 homes for sale in March 2024, a 10.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 22 | 22 | 0.0% |
| 3 Bedrooms | 53 | 58 | +9.4% |
| 4 Bedrooms | 32 | 39 | +21.9% |
| 5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Satellite Beach housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 21.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 15 | 22 | +46.7% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Satellite Beach, you may be able to get a good deal. 90.9% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in Satellite Beach in March 2024, up by 46.7% month-over-month. Of the 22 sold homes, 91% were sold under asking, 5% were sold at asking, and 5% were sold over asking.
Days on Market for Satellite Beach, FL
How long does it take to sell a home in Satellite Beach, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 41 Days | 43 Days | +4.2% |
Summary: Homes in Satellite Beach had an average of 43 days on market in Mar 2024, up by 4.2% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Satellite Beach are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 22 homes were sold in Satellite Beach; 45% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
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© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.