$225,000
0.54 Acres
Land
Joseph Nacchia, Listing Office: Berkshire Hathaway HomeServices PenFed Realty
Is 32583, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 32583 was a Buyer's Market.
Key Takeaway
32583 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 32583, FL
How much do homes in 32583, FL cost?
Median Sold Price
$300,415
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$17,843(-5.6%)
Key Takeaway
Homes in 32583 have sold for 5.6% less than they did a year ago.
Summary: The median home sold price in 32583 was $300,415 in November 2024, down 5.6% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $165K | - | N/A |
| 2 Bedrooms | $275K | $225.9K | -17.9% |
| 3 Bedrooms | $279.9K | $266K | -5.0% |
| 4 Bedrooms | $335K | $340K | +1.5% |
| 5+ Bedrooms | $380.9K | $380K | -0.2% |
Summary: 32583 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 17.9%, 3 bedroom homes decreased by 5%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes decreased by 0.2%.
Housing Supply in 32583, FL
How many homes are available in 32583, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 289 | 280 | -3.1% |
Summary: The 32583 real estate market had 280 homes for sale in November 2024, a 3.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 14 | 12 | -14.3% |
| 3 Bedrooms | 132 | 126 | -4.5% |
| 4 Bedrooms | 113 | 115 | +1.8% |
| 5+ Bedrooms | 29 | 25 | -13.8% |
Summary: The 32583 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes decreased by 13.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 56 | 43 | -23.2% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 32583, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 43 homes were sold or pending in 32583 in November 2024, down by 23.2% month-over-month. Of the 40 sold homes, 40% were sold under asking, 50% were sold at asking, and 10% were sold over asking.
Days on Market for 32583, FL
How long does it take to sell a home in 32583, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 52 Days | 113 Days | +114.2% |
Summary: Homes in 32583 had an average of 113 days on market in Nov 2024, up by 114.2% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
18 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 32583 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 43 homes were sold in 32583; 23% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 42% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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The data relating to real estate for sale on this web site comes in part from the Internet Data exchange program of Central Panhandle Association of REALTORS®. IDX information 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. Information deemed reliable but not guaranteed. Properties subject to prior sale, change, withdrawal or rental. Copyright© 2024 Central Panhandle Association of REALTORS.© All Rights Reserved.
Copyright © 2024 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.