Is Brevard County, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Brevard County is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Brevard County was a Seller's Market.

Key Takeaway

Brevard County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Brevard County, FL

How much do homes in Brevard County, FL cost?

Median Sold Price

$360,021

$216/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$10,035(+2.9%)

Key Takeaway

Homes in Brevard County have sold for 2.9% more than they did a year ago.

Summary: The median home sold price in Brevard County was $360,021 in October 2024, up 2.9% from last year, and the median price per square foot was $216.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $168.1K$165K
-1.9%
2 $250.4K$255.9K
+2.2%
3 $338K$340.2K
+0.7%
4 $388K$404.6K
+4.3%
5+ $579.9K$595.7K
+2.7%

Summary: Brevard County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.9%, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 2.7%.

Median Sold Price Compared To Nearby Counties

Indian River County
+7.0%
Orange County
+6.4%
Volusia County
+3.0%
Brevard County
+2.9%
Osceola County
-0.4%

Housing Supply in Brevard County, FL

How many homes are available in Brevard County, FL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5,7075,851+2.5%

Summary: The Brevard County real estate market had 5,851 homes for sale in October 2024, a 2.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 140148
+5.7%
2 857893
+4.2%
3 2,5592,650
+3.6%
4 1,7871,806
+1.1%
5+ 364354
-2.7%

Summary: The Brevard County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5.7%, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes decreased by 2.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
903764-15.4%

Asking Price vs. Sold Price

472 Homes Were Sold
Under Asking

224 Homes Were Sold
At Asking

68 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Brevard County, you may be able to get a good deal. 61.8% of homes here sold below asking price last month.

Summary: A total of 764 homes were sold or pending in Brevard County in October 2024, down by 15.4% month-over-month. Of the 764 sold homes, 62% were sold under asking, 29% were sold at asking, and 9% were sold over asking.

Days on Market for Brevard County, FL

How long does it take to sell a home in Brevard County, FL?

Average Sale Time

Oct 2023Oct 2024CHANGE
49 Days60 Days+21.8%

Summary: Homes in Brevard County had an average of 60 days on market in Oct 2024, up by 21.8% compared to last year.

Breakdown of Home Sale Times

319 Homes Were Sold
Under 30 Days

256 Homes Were Sold
In 30 - 90 Days

189 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Brevard County are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 764 homes were sold in Brevard County; 42% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Brevard County, FL

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