Is Indialantic-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, Indialantic-Melbourne Beach was a Seller's Market.
Key Takeaway
Indialantic-Melbourne Beach is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Indialantic-Melbourne Beach, FL
How much do homes in Indialantic-Melbourne Beach, FL cost?
Median Sold Price
$549,987
$306/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Indialantic-Melbourne Beach have sold for 3.6% more than they did a year ago.
Summary: The median home sold price in Indialantic-Melbourne Beach was $549,987 in May 2024, up 3.6% from last year, and the median price per square foot was $306.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $213.5K | $205K | -4.0% |
| 2 Bedrooms | $329.5K | $344.7K | +4.6% |
| 3 Bedrooms | $524.9K | $552.3K | +5.2% |
| 4 Bedrooms | $710K | $730K | +2.8% |
| 5+ Bedrooms | $888.1K | $989K | +11.4% |
Summary: Indialantic-Melbourne Beach housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4%, 2 bedroom homes increased by 4.6%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 11.4%.
Median Sold Price Compared To Nearby Cities
| Satellite Beach | $494.9K | $535K | +8.1% |
| Melbourne | $384.9K | $412K | +7.0% |
| Indialantic-Melbourne Beach | $530.8K | $549.9K | +3.6% |
| Indialantic | $620.5K | $610K | -1.7% |
| Indian Harbour Beach | $461.2K | $448.2K | -2.8% |
Housing Supply in Indialantic-Melbourne Beach, FL
How many homes are available in Indialantic-Melbourne Beach, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 440 | 468 | +6.4% |
Summary: The Indialantic-Melbourne Beach real estate market had 468 homes for sale in May 2024, a 6.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 14 | 13 | -7.1% |
| 2 Bedrooms | 87 | 96 | +10.3% |
| 3 Bedrooms | 185 | 208 | +12.4% |
| 4 Bedrooms | 120 | 111 | -7.5% |
| 5+ Bedrooms | 34 | 40 | +17.6% |
Summary: The Indialantic-Melbourne Beach housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 7.1%, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 12.4%, 4 bedroom homes decreased by 7.5%, and 5+ bedroom homes increased by 17.6%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 86 | 63 | -26.7% |
Asking Price vs. Sold Price
46 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Indialantic-Melbourne Beach, you may be able to get a good deal. 73% of homes here sold below asking price last month.
Summary: A total of 63 homes were sold or pending in Indialantic-Melbourne Beach in May 2024, down by 26.7% month-over-month. Of the 63 sold homes, 73% were sold under asking, 22% were sold at asking, and 5% were sold over asking.
Days on Market for Indialantic-Melbourne Beach, FL
How long does it take to sell a home in Indialantic-Melbourne Beach, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 50 Days | 34 Days | -31.6% |
Summary: Homes in Indialantic-Melbourne Beach had an average of 34 days on market in May 2024, down by 31.6% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Indialantic-Melbourne Beach are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 63 homes were sold in Indialantic-Melbourne Beach; 59% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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