Is 34983, 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, 34983 was a Seller's Market.
Key Takeaway
34983 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 34983, FL
How much do homes in 34983, FL cost?
Median Sold Price
$370,000
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 34983 have sold for 2.8% more than they did a year ago.
Summary: The median home sold price in 34983 was $370,000 in May 2024, up 2.8% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $280K | $305K | +8.9% |
| 3 Bedrooms | $350K | $365K | +4.3% |
| 4 Bedrooms | $410K | $419.9K | +2.4% |
| 5+ Bedrooms | $499.9K | $440K | -12.0% |
Summary: 34983 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.9%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes decreased by 12%.
Housing Supply in 34983, FL
How many homes are available in 34983, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 375 | 373 | -0.5% |
Summary: The 34983 real estate market had 373 homes for sale in May 2024, a 0.5% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 42 | 41 | -2.4% |
| 3 Bedrooms | 205 | 204 | -0.5% |
| 4 Bedrooms | 120 | 119 | -0.8% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The 34983 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 decreased by 2.4%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 73 | 61 | -16.4% |
Asking Price vs. Sold Price
37 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 34983, you may be able to get a good deal. 60.7% of homes here sold below asking price last month.
Summary: A total of 61 homes were sold or pending in 34983 in May 2024, down by 16.4% month-over-month. Of the 61 sold homes, 61% were sold under asking, 23% were sold at asking, and 16% were sold over asking.
Days on Market for 34983, FL
How long does it take to sell a home in 34983, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 59 Days | 31 Days | -46.0% |
Summary: Homes in 34983 had an average of 31 days on market in May 2024, down by 46% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 34983 are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 61 homes were sold in 34983; 61% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 5% 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.