Is 32204, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, 32204 was a Seller's Market.
Key Takeaway
32204 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 32204, FL
How much do homes in 32204, FL cost?
Median Sold Price
$400,250
$274/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 32204 have sold for 15% more than they did a year ago.
Summary: The median home sold price in 32204 was $400,250 in May 2024, up 15% from last year, and the median price per square foot was $274.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $299K | $245.4K | -17.9% |
| 2 Bedrooms | $347.5K | $377K | +8.5% |
| 3 Bedrooms | $305K | $399K | +30.8% |
| 4 Bedrooms | $509.2K | $517.5K | +1.6% |
| 5+ Bedrooms | $499.9K | $540K | +8.0% |
Summary: 32204 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.9%, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 30.8%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 8%.
Housing Supply in 32204, FL
How many homes are available in 32204, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 65 | 76 | +16.9% |
Summary: The 32204 real estate market had 76 homes for sale in May 2024, a 16.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 20 | 21 | +5.0% |
| 3 Bedrooms | 21 | 27 | +28.6% |
| 4 Bedrooms | 18 | 20 | +11.1% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The 32204 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 12 | +71.4% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 32204, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in 32204 in May 2024, up by 71.4% month-over-month. Of the 12 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for 32204, FL
How long does it take to sell a home in 32204, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 49 Days | 54 Days | +9.0% |
Summary: Homes in 32204 had an average of 54 days on market in May 2024, up by 9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 32204 has remained consistent over time.
Summary: During May 2024, 12 homes were sold in 32204; 33% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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.