$6,792 Closing Credit*
$571,965
2,020 SqFt
4 Beds
•3 Full Baths
Elizabeth Boley, Listing Office: D.R.Horton Realty of Melbourne
Is 34983, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, 34983 was a Seller's Market.
Key Takeaway
34983 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 34983, FL
How much do homes in 34983, FL cost?
Median Sold Price
$374,998
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$9,998(+2.7%)
Key Takeaway
Homes in 34983 have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in 34983 was $374,998 in December 2024, up 2.7% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $290K | $300K | +3.4% |
| 3 Bedrooms | $355K | $369.9K | +4.2% |
| 4 Bedrooms | $408.2K | $424K | +3.9% |
| 5+ Bedrooms | $455K | $481K | +5.7% |
Summary: 34983 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 5.7%.
Housing Supply in 34983, FL
How many homes are available in 34983, FL?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 324 | 340 | +4.9% |
Summary: The 34983 real estate market had 340 homes for sale in December 2024, a 4.9% increase compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 43 | 48 | +11.6% |
| 3 Bedrooms | 174 | 188 | +8.0% |
| 4 Bedrooms | 104 | 101 | -2.9% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 34983 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.6%, 3 bedroom homes increased by 8%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 39 | 53 | +35.9% |
Asking Price vs. Sold Price
33 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 34983, you may be able to get a good deal. 62.3% of homes here sold below asking price last month.
Summary: A total of 53 homes were sold or pending in 34983 in December 2024, up by 35.9% month-over-month. Of the 53 sold homes, 62% were sold under asking, 21% were sold at asking, and 17% were sold over asking.
Days on Market for 34983, FL
How long does it take to sell a home in 34983, FL?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 44 Days | 57 Days | +30.0% |
Summary: Homes in 34983 had an average of 57 days on market in Dec 2024, up by 30% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 34983 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 53 homes were sold in 34983; 42% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
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