$10,000 Closing Credit*
$1,000,000
2,808 SqFt
3 Beds
•3 Full Baths
Sherry Brown, Sherrie A Coleman, Listing Office: One Sothebys Intl Realty
Is Indian River Shores, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Indian River Shores has remained a Buyer's Market.
Key Takeaway
Indian River Shores is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Indian River Shores, FL
How much do homes in Indian River Shores, FL cost?
Median Sold Price
$1,350,000
$499/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$28,500(-2.1%)
Key Takeaway
Homes in Indian River Shores have sold for 2.1% less than they did a year ago.
Summary: The median home sold price in Indian River Shores was $1,350,000 in November 2024, down 2.1% from last year, and the median price per square foot was $499.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $315K | $665.5K | +111.3% |
| 2 Bedrooms | $260K | $230K | -11.5% |
| 3 Bedrooms | $1.5M | $1.3M | -9.3% |
| 4 Bedrooms | $1.6M | $1.7M | +4.5% |
| 5+ Bedrooms | $11.3M | $8.7M | -22.9% |
Summary: Indian River Shores housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 111.3%, 2 bedroom homes decreased by 11.5%, 3 bedroom homes decreased by 9.3%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes decreased by 22.9%.
Median Sold Price Compared To Nearby Cities
| Vero Beach | $379.9K | $413.8K | +8.9% |
| Indian River Shores | $1.3M | $1.3M | -2.1% |
Housing Supply in Indian River Shores, FL
How many homes are available in Indian River Shores, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 130 | 153 | +17.7% |
Summary: The Indian River Shores real estate market had 153 homes for sale in November 2024, a 17.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 5 | -16.7% |
| 2 Bedrooms | 21 | 25 | +19.0% |
| 3 Bedrooms | 58 | 72 | +24.1% |
| 4 Bedrooms | 33 | 39 | +18.2% |
| 5+ Bedrooms | 12 | 12 | 0.0% |
Summary: The Indian River Shores housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes increased by 19%, 3 bedroom homes increased by 24.1%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 7 | -41.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Indian River Shores, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Indian River Shores in November 2024, down by 41.7% month-over-month. Of the 7 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Indian River Shores, FL
How long does it take to sell a home in Indian River Shores, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 80 Days | 69 Days | -13.8% |
Summary: Homes in Indian River Shores had an average of 69 days on market in Nov 2024, down by 13.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Indian River Shores are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in Indian River Shores; 43% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 43% 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.
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.