$3,086 Closing Credit*
$259,900
1,000 SqFt
2 Beds
•2 Full Baths
Patti Martin, Listing Office: Alex MacWilliam, 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 October 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
$389,377
$235/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$25,390(+7.0%)
Key Takeaway
Homes in Indian River County have sold for 7% more than they did a year ago.
Summary: The median home sold price in Indian River County was $389,377 in October 2024, up 7% from last year, and the median price per square foot was $235.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $131K | $125K | -4.6% |
| 2 Bedrooms | $264.9K | $265.2K | 0.1% |
| 3 Bedrooms | $369.8K | $409.7K | +10.8% |
| 4 Bedrooms | $499.5K | $569.1K | +13.9% |
| 5+ Bedrooms | $599.9K | $865K | +44.2% |
Summary: Indian River County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.6%, 2 bedroom homes increased by 0.1%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 13.9%, and 5+ bedroom homes increased by 44.2%.
Median Sold Price Compared To Nearby Counties
| Okeechobee County | $248.7K | $270K | +8.5% |
| Indian River County | $363.9K | $389.3K | +7.0% |
| Brevard County | $349.9K | $360K | +2.9% |
| Saint Lucie County | $377.3K | $387.2K | +2.6% |
| Osceola County | $391.6K | $389.9K | -0.4% |
Housing Supply in Indian River County, FL
How many homes are available in Indian River County, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1,145 | 1,254 | +9.5% |
Summary: The Indian River County real estate market had 1,254 homes for sale in October 2024, a 9.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 37 | 38 | +2.7% |
| 2 Bedrooms | 271 | 320 | +18.1% |
| 3 Bedrooms | 592 | 622 | +5.1% |
| 4 Bedrooms | 208 | 229 | +10.1% |
| 5+ Bedrooms | 37 | 45 | +21.6% |
Summary: The Indian River County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 2.7%, 2 bedroom homes increased by 18.1%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes increased by 21.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 133 | 130 | -2.3% |
Asking Price vs. Sold Price
92 Homes Were Sold
Under Asking
27 Homes Were Sold
At Asking
11 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. 70.8% of homes here sold below asking price last month.
Summary: A total of 130 homes were sold or pending in Indian River County in October 2024, down by 2.3% month-over-month. Of the 130 sold homes, 71% were sold under asking, 21% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 53 Days | 62 Days | +17.4% |
Summary: Homes in Indian River County had an average of 62 days on market in Oct 2024, up by 17.4% compared to last year.
Breakdown of Home Sale Times
55 Homes Were Sold
Under 30 Days
37 Homes Were Sold
In 30 - 90 Days
38 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Indian River County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 130 homes were sold in Indian River County; 42% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
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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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