Is Indian River Shores, 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, Indian River Shores was a Seller's Market.
Housing Prices in Indian River Shores, FL
How much do homes in Indian River Shores, FL cost?
Median Sold Price
$1,525,000
$482/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Indian River Shores was $1,525,000 in May 2024, down 0.4% from last year, and the median price per square foot was $482.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $750K | $832.3K | +11.0% |
3 Bedrooms | $1.7M | $1.3M | -23.2% |
4 Bedrooms | $1.4M | $2.3M | +59.4% |
5+ Bedrooms | $2.3M | - | N/A |
Summary: Indian River Shores 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 11%, 3 bedroom homes decreased by 23.2%, 4 bedroom homes increased by 59.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Vero Beach | $359.9K | $392.3K | +9.0% |
Indian River Shores | $1.5M | $1.5M | -0.4% |
Housing Supply in Indian River Shores, FL
How many homes are available in Indian River Shores, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
70 | 70 | 0.0% |
Summary: The Indian River Shores real estate market had 70 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 4 | +33.3% |
3 Bedrooms | 44 | 42 | -4.5% |
4 Bedrooms | 19 | 20 | +5.3% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Indian River Shores 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 33.3%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
11 | 9 | -18.2% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Indian River Shores in May 2024, down by 18.2% month-over-month. Of the 9 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Indian River Shores, FL
How long does it take to sell a home in Indian River Shores, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
72 Days | 77 Days | +6.6% |
Summary: Homes in Indian River Shores had an average of 77 days on market in May 2024, up by 6.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 9 homes were sold in Indian River Shores; 56% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.