How much do homes in West Melbourne, FL cost?

Median List Price

$309,900

Based on all homes listed in the last 12 months.

Difference Since May 2020

+$28,919(+10.3%)

Key Takeaway

The list price of homes in West Melbourne has increased by 10.3% since last year.

Housing Market Conditions

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Key Takeaway

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Median List Price By Bedroom Count

# BEDSMay 2020May 2021%
1 $78.5K$75K-4.5%
2 $138.9K$138K-0.6%
3 $259K$279.9K+8.1%
4 $319.9K$343K+7.2%
5+ $380K$398K+4.7%

Median List Price Compared To Nearby Cities

Melbourne
+19.4%
Palm Bay
+15.0%
Melbourne Village
+12.5%
West Melbourne
+10.3%
West Brevard
+5.9%

How many homes are available in West Melbourne, FL?

Number of Homes For Sale

Apr 2021May 2021%
107121+13.1%

Homes For Sale By Bedroom Count

# BEDSApr 2021May 2021%
1 000.0%
2 1412-14.3%
3 5059+18.0%
4 3542+20.0%
5+ 880.0%

Asking Price vs. Sold Price

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Average Listing Age

May 2020May 2021%
112 Days58 Days-47.8%

Breakdown of Home Sale Times

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About West Melbourne, FL

West Melbourne, FL has 121 homes on the market.

While the average time on the market in May 2021 was 58 days, the median list price was $309,900.

Real estate listing prices changed between April 2021 and May 2021: the cost of 1 bedroom properties went down by 4.5%, prices of 2 bedrooms properties went down by 0.6%, 3 bedrooms properties became 8.1% more expensive, the cost of 4 bedrooms properties went up by 7.2%, the cost of 5 bedrooms properties went up by 4.7%.

The number of homes for sale in West Melbourne, FL increased by 13.1% between April 2021 and May 2021.

This housing market inventory have changed: volume of 1 bedroom homes stayed the same, number of 2 bedrooms homes decreased by 14.3%, 3 bedrooms homes became 18% more available, the quantity of 4 bedrooms homes went up by 20%, number of 5 bedrooms homes remained the same.

While more than 17 listings in West Melbourne, FL in May 2021 were sold above asking price, there were more than 9 listings sold at asking price, and more than 10 were sold below.

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