Is Sebastian, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Sebastian has remained a Seller's Market.
Key Takeaway
Sebastian is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sebastian, FL
How much do homes in Sebastian, FL cost?
Median Sold Price
$359,920
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
The sold price of homes in Sebastian has remained the same since last year.
Summary: The median home sold price in Sebastian was $359,920 in May 2024, down 0.3% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $350K | $210K | -40.0% |
| 2 Bedrooms | $260K | $265K | +1.9% |
| 3 Bedrooms | $369.9K | $368.4K | -0.4% |
| 4 Bedrooms | $420K | $427.5K | +1.8% |
| 5+ Bedrooms | $480.2K | $427.5K | -11.0% |
Summary: Sebastian housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 40%, 2 bedroom homes increased by 1.9%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes decreased by 11%.
Housing Supply in Sebastian, FL
How many homes are available in Sebastian, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 282 | 274 | -2.8% |
Summary: The Sebastian real estate market had 274 homes for sale in May 2024, a 2.8% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 63 | 62 | -1.6% |
| 3 Bedrooms | 155 | 150 | -3.2% |
| 4 Bedrooms | 56 | 55 | -1.8% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Sebastian 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 1.6%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 58 | 57 | -1.7% |
Asking Price vs. Sold Price
51 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 Sebastian, you may be able to get a good deal. 89.5% of homes here sold below asking price last month.
Summary: A total of 57 homes were sold or pending in Sebastian in May 2024, down by 1.7% month-over-month. Of the 57 sold homes, 89% were sold under asking, 7% were sold at asking, and 4% were sold over asking.
Days on Market for Sebastian, FL
How long does it take to sell a home in Sebastian, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 37 Days | 65 Days | +78.1% |
Summary: Homes in Sebastian had an average of 65 days on market in May 2024, up by 78.1% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
17 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Sebastian has remained consistent over time.
Summary: During May 2024, 57 homes were sold in Sebastian; 33% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
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