Is West Brevard, 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, West Brevard has remained a Seller's Market.
Key Takeaway
West Brevard is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Brevard, FL
How much do homes in West Brevard, FL cost?
Median Sold Price
$571,850
$264/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in West Brevard have sold for 9.4% more than they did a year ago.
Summary: The median home sold price in West Brevard was $571,850 in March 2024, up 9.4% from last year, and the median price per square foot was $264.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $215K | - | N/A |
| 2 Bedrooms | $375K | $479.5K | +27.9% |
| 3 Bedrooms | $473.5K | $480K | +1.4% |
| 4 Bedrooms | $585K | $662K | +13.2% |
| 5+ Bedrooms | $725K | $819.4K | +13.0% |
Summary: West Brevard 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 27.9%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes increased by 13%.
Median Sold Price Compared To Nearby Cities
| West Brevard | $522.5K | $571.8K | +9.4% |
| West Melbourne | $400K | $429.2K | +7.3% |
| Melbourne | $381.1K | $403.3K | +5.8% |
| Cocoa-Rockledge | $347.8K | $349.9K | +0.6% |
| Palm Bay | $332.2K | $329.9K | -0.7% |
Housing Supply in West Brevard, FL
How many homes are available in West Brevard, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 191 | 205 | +7.3% |
Summary: The West Brevard real estate market had 205 homes for sale in March 2024, a 7.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 12 | 15 | +25.0% |
| 3 Bedrooms | 68 | 81 | +19.1% |
| 4 Bedrooms | 87 | 88 | +1.1% |
| 5+ Bedrooms | 24 | 21 | -12.5% |
Summary: The West Brevard 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 increased by 25%, 3 bedroom homes increased by 19.1%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 33 | 40 | +21.2% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Brevard, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 40 homes were sold or pending in West Brevard in March 2024, up by 21.2% month-over-month. Of the 40 sold homes, 63% were sold under asking, 33% were sold at asking, and 5% were sold over asking.
Days on Market for West Brevard, FL
How long does it take to sell a home in West Brevard, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 67 Days | 38 Days | -41.9% |
Summary: Homes in West Brevard had an average of 38 days on market in Mar 2024, down by 41.9% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in West Brevard are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 40 homes were sold in West Brevard; 53% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
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