$3,027 Closing Credit*
$254,900
1,116 SqFt
2 Beds
•2 Full Baths
#1033874, Tim Sparks, Listing Office: C. Apollo Realty Inc
Is Banana River Estates, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Banana River Estates was a Buyer's Market.
Key Takeaway
Banana River Estates 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 Banana River Estates, FL
How much do homes in Banana River Estates, FL cost?
Median Sold Price
$223,750
$246/sqft
Based on all homes sold in December 2024.
Difference Since Last Month
-$26,750(-10.7%)
Key Takeaway
Homes in Banana River Estates have sold for 10.7% less than they did a month ago.
Summary: The median home sold price in Banana River Estates was $223,750 in December 2024, down 10.7% from last month, and the median price per square foot was $246.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $148.5K | N/A |
| 2 Bedrooms | $171K | $299K | +74.9% |
| 3 Bedrooms | $330K | - | N/A |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Banana River Estates housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 74.9%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Banana River Estates, FL
How many homes are available in Banana River Estates, FL?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 27 | 28 | +3.7% |
Summary: The Banana River Estates real estate market had 28 homes for sale in December 2024, a 3.7% increase compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 15 | 16 | +6.7% |
| 3 Bedrooms | 10 | 9 | -10.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Banana River Estates housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 6.7%, 3 bedroom homes decreased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Banana River Estates, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Banana River Estates in December 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Banana River Estates, FL
How long does it take to sell a home in Banana River Estates, FL?
Average Sale Time
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 105 Days | 15 Days | -85.3% |
Summary: Homes in Banana River Estates had an average of 15 days on market in Dec 2024, down by 85.3% compared to last month.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Banana River Estates are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 4 homes were sold in Banana River Estates; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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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, and that the data is deemed reliable but is not guaranteed accurate by the MLS.