Is Silver Springs Shores, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Silver Springs Shores has remained a Seller's Market.
Key Takeaway
Silver Springs Shores is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Silver Springs Shores, FL
How much do homes in Silver Springs Shores, FL cost?
Median Sold Price
$249,975
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Silver Springs Shores have sold for 1.2% less than they did a year ago.
Summary: The median home sold price in Silver Springs Shores was $249,975 in April 2024, down 1.2% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $98.9K | $108.5K | +9.7% |
| 2 Bedrooms | $133K | $140K | +5.3% |
| 3 Bedrooms | $251.8K | $249.9K | -0.7% |
| 4 Bedrooms | $306.9K | $299.9K | -2.3% |
| 5+ Bedrooms | $378.9K | $352.4K | -7.0% |
Summary: Silver Springs Shores housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.7%, 2 bedroom homes increased by 5.3%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes decreased by 7%.
Housing Supply in Silver Springs Shores, FL
How many homes are available in Silver Springs Shores, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 537 | 521 | -3.0% |
Summary: The Silver Springs Shores real estate market had 521 homes for sale in April 2024, a 3.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 66 | 68 | +3.0% |
| 3 Bedrooms | 370 | 358 | -3.2% |
| 4 Bedrooms | 87 | 78 | -10.3% |
| 5+ Bedrooms | 9 | 12 | +33.3% |
Summary: The Silver Springs Shores housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 3%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes decreased by 10.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 101 | 96 | -5.0% |
Asking Price vs. Sold Price
41 Homes Were Sold
Under Asking
38 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Silver Springs Shores, you may be able to get a good deal. 42.7% of homes here sold below asking price last month.
Summary: A total of 96 homes were sold or pending in Silver Springs Shores in April 2024, down by 5.0% month-over-month. Of the 96 sold homes, 43% were sold under asking, 40% were sold at asking, and 18% were sold over asking.
Days on Market for Silver Springs Shores, FL
How long does it take to sell a home in Silver Springs Shores, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 59 Days | 59 Days | +0.8% |
Summary: Homes in Silver Springs Shores had an average of 59 days on market in Apr 2024, up by 0.8% compared to last year.
Breakdown of Home Sale Times
43 Homes Were Sold
Under 30 Days
25 Homes Were Sold
In 30 - 90 Days
28 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Silver Springs Shores are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 96 homes were sold in Silver Springs Shores; 45% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
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Copyright © 2024 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 Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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.