Is Port Malabar, 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, Port Malabar was a Seller's Market.
Key Takeaway
Port Malabar 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 Port Malabar, FL
How much do homes in Port Malabar, FL cost?
Median Sold Price
$327,483
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Port Malabar have sold for 0.8% more than they did a year ago.
Summary: The median home sold price in Port Malabar was $327,483 in April 2024, up 0.8% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $121K | $129.2K | +6.8% |
| 2 Bedrooms | $225K | $234.8K | +4.4% |
| 3 Bedrooms | $300K | $304.9K | +1.7% |
| 4 Bedrooms | $353K | $344.9K | -2.3% |
| 5+ Bedrooms | $398.9K | $396.9K | -0.5% |
Summary: Port Malabar housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.8%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 1.7%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes decreased by 0.5%.
Housing Supply in Port Malabar, FL
How many homes are available in Port Malabar, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1,220 | 1,304 | +6.9% |
Summary: The Port Malabar real estate market had 1,304 homes for sale in April 2024, a 6.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 58 | 60 | +3.4% |
| 3 Bedrooms | 590 | 647 | +9.7% |
| 4 Bedrooms | 540 | 561 | +3.9% |
| 5+ Bedrooms | 30 | 35 | +16.7% |
Summary: The Port Malabar housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 200 | 199 | -0.5% |
Asking Price vs. Sold Price
105 Homes Were Sold
Under Asking
76 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Port Malabar, you may be able to get a good deal. 52.8% of homes here sold below asking price last month.
Summary: A total of 199 homes were sold or pending in Port Malabar in April 2024, down by 0.5% month-over-month. Of the 199 sold homes, 53% were sold under asking, 38% were sold at asking, and 9% were sold over asking.
Days on Market for Port Malabar, FL
How long does it take to sell a home in Port Malabar, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 55 Days | 64 Days | +15.6% |
Summary: Homes in Port Malabar had an average of 64 days on market in Apr 2024, up by 15.6% compared to last year.
Breakdown of Home Sale Times
93 Homes Were Sold
Under 30 Days
59 Homes Were Sold
In 30 - 90 Days
47 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Port Malabar are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 199 homes were sold in Port Malabar; 47% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.
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© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.