Is Melbourne Beach, 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, Melbourne Beach was a Seller's Market.
Housing Prices in Melbourne Beach, FL
How much do homes in Melbourne Beach, FL cost?
Median Sold Price
$712,500
$368/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Melbourne Beach was $712,500 in May 2024, up 4.9% from last year, and the median price per square foot was $368.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $232.2K | $207.5K | -10.7% |
2 Bedrooms | $390K | $415K | +6.4% |
3 Bedrooms | $685K | $695K | +1.5% |
4 Bedrooms | $900K | $895K | -0.6% |
5+ Bedrooms | $1.3M | $1.2M | -7.7% |
Summary: Melbourne Beach housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.7%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 1.5%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes decreased by 7.7%.
Median Sold Price Compared To Nearby Cities
Melbourne Beach | $679K | $712.5K | +4.9% |
Indialantic-Melbourne Beach | $530.8K | $549.9K | +3.6% |
Indialantic | $620.5K | $610K | -1.7% |
Housing Supply in Melbourne Beach, FL
How many homes are available in Melbourne Beach, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
171 | 187 | +9.4% |
Summary: The Melbourne Beach real estate market had 187 homes for sale in May 2024, a 9.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 1 | -66.7% |
2 Bedrooms | 25 | 32 | +28.0% |
3 Bedrooms | 83 | 93 | +12.0% |
4 Bedrooms | 42 | 40 | -4.8% |
5+ Bedrooms | 18 | 21 | +16.7% |
Summary: The Melbourne Beach housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes increased by 28%, 3 bedroom homes increased by 12%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
25 | 25 | 0.0% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in Melbourne Beach in May 2024, the same as the previous month. Of the 25 sold homes, 84% were sold under asking, 4% were sold at asking, and 12% were sold over asking.
Days on Market for Melbourne Beach, FL
How long does it take to sell a home in Melbourne Beach, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
48 Days | 61 Days | +25.5% |
Summary: Homes in Melbourne Beach had an average of 61 days on market in May 2024, up by 25.5% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During May 2024, 25 homes were sold in Melbourne Beach; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.