Is Indian River County, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Indian River County was a Seller's Market.
Key Takeaway
Indian River County 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 Indian River County, FL
How much do homes in Indian River County, FL cost?
Median Sold Price
$378,400
$232/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Indian River County have sold for 6.8% more than they did a year ago.
Summary: The median home sold price in Indian River County was $378,400 in April 2024, up 6.8% from last year, and the median price per square foot was $232.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $133.2K | $125K | -6.2% |
| 2 Bedrooms | $257.2K | $265.4K | +3.2% |
| 3 Bedrooms | $365.6K | $384.5K | +5.2% |
| 4 Bedrooms | $466K | $555.4K | +19.2% |
| 5+ Bedrooms | $639K | $725K | +13.5% |
Summary: Indian River County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.2%, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 19.2%, and 5+ bedroom homes increased by 13.5%.
Median Sold Price Compared To Nearby Counties
| Indian River County | $354.3K | $378.4K | +6.8% |
| Saint Lucie County | $374.9K | $383.1K | +2.2% |
| Brevard County | $350K | $353.8K | +1.1% |
| Osceola County | $388.4K | $391.9K | +0.9% |
| Okeechobee County | $255K | $249.9K | -2.0% |
Housing Supply in Indian River County, FL
How many homes are available in Indian River County, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1,328 | 1,409 | +6.1% |
Summary: The Indian River County real estate market had 1,409 homes for sale in April 2024, a 6.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 43 | 48 | +11.6% |
| 2 Bedrooms | 308 | 340 | +10.4% |
| 3 Bedrooms | 686 | 715 | +4.2% |
| 4 Bedrooms | 236 | 256 | +8.5% |
| 5+ Bedrooms | 55 | 50 | -9.1% |
Summary: The Indian River County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.6%, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 182 | 212 | +16.5% |
Asking Price vs. Sold Price
165 Homes Were Sold
Under Asking
32 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Indian River County, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.
Summary: A total of 212 homes were sold or pending in Indian River County in April 2024, up by 16.5% month-over-month. Of the 212 sold homes, 78% were sold under asking, 15% were sold at asking, and 7% were sold over asking.
Days on Market for Indian River County, FL
How long does it take to sell a home in Indian River County, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 41 Days | 58 Days | +43.4% |
Summary: Homes in Indian River County had an average of 58 days on market in Apr 2024, up by 43.4% compared to last year.
Breakdown of Home Sale Times
96 Homes Were Sold
Under 30 Days
71 Homes Were Sold
In 30 - 90 Days
45 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Indian River County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 212 homes were sold in Indian River County; 45% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
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