Is Satellite Beach, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Satellite Beach is a neutral's market

Buyer's
Market

Difference Since November 2021

At the same time last year, Satellite Beach was a Seller's Market.

Key Takeaway

Satellite Beach is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in Satellite Beach, FL cost?

Median Sold Price

$550,000

$293/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$130,396(+31.1%)

Key Takeaway

Homes in Satellite Beach have sold for 31.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $234K-
N/A
2 $326.5K$342.5K
+4.9%
3 $409K$525K
+28.4%
4 $505K$650K
+28.7%
5+ $610K$667.4K
+9.4%

Median Sold Price Compared To Nearby Cities

Satellite Beach
+31.1%
Indialantic-Melbourne Beach
+23.2%
Indian Harbour Beach
+11.7%

How many homes are available in Satellite Beach, FL?

Number of Homes For Sale

Oct 2022Nov 2022%
6158-4.9%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 11
0.0%
2 22
0.0%
3 3736
-2.7%
4 1715
-11.8%
5+ 44
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
179-47.1%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Satellite Beach, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
3 Days53 Days+1666.7%

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Satellite Beach has remained consistent over time.

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

About Satellite Beach, FL

Homes for sale in Satellite Beach, FL have reached 58. The inventory of homes for sale in Satellite Beach, FL between October 2022 and November 2022 decreased by 4.9%. In November 2022 median list price was $550,000 and the average listing age was 53 days. From October 2022 through November 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties became 0% more expensive, prices of 2 bedrooms properties went up by 4.9%, 3 bedrooms properties prices increased by 28.4%, 4 bedrooms properties prices increased by 28.7%, prices of 5 bedrooms properties went up by 9.4%. This housing market inventory have changed: volume of 1 bedroom homes stayed the same, volume of 2 bedrooms homes stayed the same, 3 bedrooms homes became 2.7% less available, number of 4 bedrooms homes decreased by 11.8%, volume of 5 bedrooms homes stayed the same. While more than 1 listings in Satellite Beach, FL in November 2022 were sold above asking price, there were more than 1 listings sold at asking price, and more than 7 were sold below.

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