Is Melbourne Shores-Floridana Beach, 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, Melbourne Shores-Floridana Beach was a Seller's Market.
Housing Prices in Melbourne Shores-Floridana Beach, FL
How much do homes in Melbourne Shores-Floridana Beach, FL cost?
Median Sold Price
$625,000
$345/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Melbourne Shores-Floridana Beach was $625,000 in April 2024, down 8.8% from last year, and the median price per square foot was $345.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $252.5K | N/A |
2 Bedrooms | $385K | $411.5K | +6.9% |
3 Bedrooms | $685K | $642K | -6.3% |
4 Bedrooms | $905K | $825K | -8.8% |
5+ Bedrooms | $1.3M | $1.2M | -7.8% |
Summary: Melbourne Shores-Floridana Beach housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.9%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes decreased by 8.8%, and 5+ bedroom homes decreased by 7.8%.
Median Sold Price Compared To Nearby Cities
Grant-Valkaria | $365.8K | $575K | +57.2% |
Indialantic-Melbourne Beach | $529.4K | $551.5K | +4.2% |
Melbourne Shores-Floridana Beach | $685K | $625K | -8.8% |
Housing Supply in Melbourne Shores-Floridana Beach, FL
How many homes are available in Melbourne Shores-Floridana Beach, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
121 | 129 | +6.6% |
Summary: The Melbourne Shores-Floridana Beach real estate market had 129 homes for sale in April 2024, a 6.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 25 | 22 | -12.0% |
3 Bedrooms | 64 | 69 | +7.8% |
4 Bedrooms | 22 | 25 | +13.6% |
5+ Bedrooms | 8 | 11 | +37.5% |
Summary: The Melbourne Shores-Floridana Beach housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 14 | +16.7% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Melbourne Shores-Floridana Beach in April 2024, up by 16.7% month-over-month. Of the 14 sold homes, 79% were sold under asking, 21% were sold at asking, and 0% were sold over asking.
Days on Market for Melbourne Shores-Floridana Beach, FL
How long does it take to sell a home in Melbourne Shores-Floridana Beach, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
46 Days | 76 Days | +64.9% |
Summary: Homes in Melbourne Shores-Floridana Beach had an average of 76 days on market in Apr 2024, up by 64.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 14 homes were sold in Melbourne Shores-Floridana Beach; 21% of homes were sold within 30 days, 64% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.