$8,847 Closing Credit*
$745,000
1,000 SqFt
2 Beds
•2 Full Baths
Matilde G Sorensen, Listing Office: Dale Sorensen Real Estate Inc.
Is Indian River County, 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, Indian River County was a Seller's Market.
Key Takeaway
Indian River County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Indian River County, FL
How much do homes in Indian River County, FL cost?
Median Sold Price
$390,989
$233/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$20,223(+5.5%)
Key Takeaway
Homes in Indian River County have sold for 5.5% more than they did a year ago.
Summary: The median home sold price in Indian River County was $390,989 in November 2024, up 5.5% from last year, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $129.9K | $120K | -7.7% |
| 2 Bedrooms | $270K | $269.6K | -0.1% |
| 3 Bedrooms | $384.9K | $418.6K | +8.8% |
| 4 Bedrooms | $495K | $524.5K | +6.0% |
| 5+ Bedrooms | $670K | $850K | +26.9% |
Summary: Indian River County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.7%, 2 bedroom homes decreased by 0.1%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 26.9%.
Median Sold Price Compared To Nearby Counties
| Okeechobee County | $249.9K | $270K | +8.0% |
| Indian River County | $370.7K | $390.9K | +5.5% |
| Brevard County | $349.9K | $360.5K | +3.0% |
| Saint Lucie County | $375.9K | $386.1K | +2.7% |
| Osceola County | $392.9K | $389.9K | -0.7% |
Housing Supply in Indian River County, FL
How many homes are available in Indian River County, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2,499 | 2,754 | +10.2% |
Summary: The Indian River County real estate market had 2,754 homes for sale in November 2024, a 10.2% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 85 | 96 | +12.9% |
| 2 Bedrooms | 667 | 753 | +12.9% |
| 3 Bedrooms | 1,210 | 1,322 | +9.3% |
| 4 Bedrooms | 462 | 499 | +8.0% |
| 5+ Bedrooms | 75 | 84 | +12.0% |
Summary: The Indian River County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.9%, 2 bedroom homes increased by 12.9%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 12%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 307 | 240 | -21.8% |
Asking Price vs. Sold Price
165 Homes Were Sold
Under Asking
55 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Indian River County, you may be able to get a good deal. 68.8% of homes here sold below asking price last month.
Summary: A total of 240 homes were sold or pending in Indian River County in November 2024, down by 21.8% month-over-month. Of the 240 sold homes, 69% were sold under asking, 23% were sold at asking, and 8% were sold over asking.
Days on Market for Indian River County, FL
How long does it take to sell a home in Indian River County, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 67 Days | 91 Days | +35.8% |
Summary: Homes in Indian River County had an average of 91 days on market in Nov 2024, up by 35.8% compared to last year.
Breakdown of Home Sale Times
58 Homes Were Sold
Under 30 Days
87 Homes Were Sold
In 30 - 90 Days
95 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Indian River County are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 240 homes were sold in Indian River County; 24% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
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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.