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.
Key Takeaway
Sebastian is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
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
Key Takeaway
Homes in Sebastian have sold for 1.5% more than they did a year ago.
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
Key Takeaway
If you're buying a home in Sebastian, you may be able to get a good deal. 68.4% of homes here sold below asking price last month.
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
Key Takeaway
Many homes in Sebastian are selling fast, if you're buying plan to act quickly.
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.
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