$2,434 Closing Credit*
$205,000
820 SqFt
2 Beds
•1 Full Bath
#1029899, Karly Patterson, Listing Office: Realty World Curri Properties
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 October 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
$550,000
$309/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$9,700(+1.8%)
Key Takeaway
Homes in Indialantic-Melbourne Beach have sold for 1.8% more than they did a year ago.
Summary: The median home sold price in Indialantic-Melbourne Beach was $550,000 in October 2024, up 1.8% from last year, and the median price per square foot was $309.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $212K | $210K | -0.9% |
| 2 Bedrooms | $328K | $350K | +6.7% |
| 3 Bedrooms | $541.2K | $546.6K | +1.0% |
| 4 Bedrooms | $727.5K | $716.4K | -1.5% |
| 5+ Bedrooms | $935K | $990K | +5.9% |
Summary: Indialantic-Melbourne Beach housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.9%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 1%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes increased by 5.9%.
Median Sold Price Compared To Nearby Cities
| Satellite Beach | $498.1K | $547.3K | +9.9% |
| Melbourne | $389.3K | $420.8K | +8.1% |
| Indialantic-Melbourne Beach | $540.3K | $550K | +1.8% |
| Indian Harbour Beach | $450K | $448.2K | -0.4% |
| Indialantic | $639.5K | $580K | -9.3% |
Housing Supply in Indialantic-Melbourne Beach, FL
How many homes are available in Indialantic-Melbourne Beach, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 381 | 398 | +4.5% |
Summary: The Indialantic-Melbourne Beach real estate market had 398 homes for sale in October 2024, a 4.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 6 | -25.0% |
| 2 Bedrooms | 69 | 78 | +13.0% |
| 3 Bedrooms | 154 | 151 | -1.9% |
| 4 Bedrooms | 111 | 123 | +10.8% |
| 5+ Bedrooms | 39 | 40 | +2.6% |
Summary: The Indialantic-Melbourne Beach housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 13%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes increased by 2.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 59 | 39 | -33.9% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
6 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. 76.9% of homes here sold below asking price last month.
Summary: A total of 39 homes were sold or pending in Indialantic-Melbourne Beach in October 2024, down by 33.9% month-over-month. Of the 39 sold homes, 77% were sold under asking, 15% were sold at asking, and 8% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 42 Days | 55 Days | +30.3% |
Summary: Homes in Indialantic-Melbourne Beach had an average of 55 days on market in Oct 2024, up by 30.3% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
7 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 October 2024, 39 homes were sold in Indialantic-Melbourne Beach; 44% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
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.
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© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing 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. This property is offered without respect to any protected classes in accordance with the law.