Is Sebastian, 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, Sebastian was a Seller's Market.
Housing Prices in Sebastian, FL
How much do homes in Sebastian, FL cost?
Median Sold Price
$360,000
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Sebastian was $360,000 in March 2024, up 1.5% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $210K | N/A |
2 Bedrooms | $270K | $265K | -1.9% |
3 Bedrooms | $360.2K | $369.9K | +2.7% |
4 Bedrooms | $409K | $420K | +2.7% |
5+ Bedrooms | $480.2K | $475K | -1.1% |
Summary: Sebastian 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 decreased by 1.9%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes decreased by 1.1%.
Housing Supply in Sebastian, FL
How many homes are available in Sebastian, FL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
282 | 317 | +12.4% |
Summary: The Sebastian real estate market had 317 homes for sale in March 2024, a 12.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 58 | 66 | +13.8% |
3 Bedrooms | 172 | 183 | +6.4% |
4 Bedrooms | 46 | 59 | +28.3% |
5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Sebastian 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 13.8%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 28.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
38 | 38 | 0.0% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 38 homes were sold or pending in Sebastian in March 2024, the same as the previous month. Of the 38 sold homes, 68% were sold under asking, 24% were sold at asking, and 8% were sold over asking.
Days on Market for Sebastian, FL
How long does it take to sell a home in Sebastian, FL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
41 Days | 60 Days | +46.6% |
Summary: Homes in Sebastian had an average of 60 days on market in Mar 2024, up by 46.6% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During March 2024, 38 homes were sold in Sebastian; 50% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.