$229,900
2.12 Acres
Land
#1032034, Meili Viera Porter, Listing Office: Waterman Real Estate Inc.
Is Malabar, 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, Malabar was a Seller's Market.
Key Takeaway
Malabar is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Malabar, FL
How much do homes in Malabar, FL cost?
Median Sold Price
$575,000
$279/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$25,000(+4.5%)
Key Takeaway
Homes in Malabar have sold for 4.5% more than they did a year ago.
Summary: The median home sold price in Malabar was $575,000 in November 2024, up 4.5% from last year, and the median price per square foot was $279.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $560K | N/A |
| 2 Bedrooms | - | $300K | N/A |
| 3 Bedrooms | $520K | $550K | +5.8% |
| 4 Bedrooms | $600K | $663.7K | +10.6% |
| 5+ Bedrooms | $660K | $1.2M | +82.6% |
Summary: Malabar housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 10.6%, and 5+ bedroom homes increased by 82.6%.
Median Sold Price Compared To Nearby Cities
| Grant-Valkaria | $353K | $409.9K | +16.1% |
| Grant | $347.2K | $399.9K | +15.2% |
| Malabar | $550K | $575K | +4.5% |
| Melbourne Shores-Floridana Beach | $640K | $650K | +1.6% |
| Palm Bay | $332.9K | $330.1K | -0.8% |
Housing Supply in Malabar, FL
How many homes are available in Malabar, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 29 | 34 | +17.2% |
Summary: The Malabar real estate market had 34 homes for sale in November 2024, a 17.2% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 14 | 18 | +28.6% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Malabar housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 0 | 4 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Malabar, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Malabar in November 2024, up by 100.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Malabar, FL
How long does it take to sell a home in Malabar, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 71 Days | 148 Days | +108.5% |
Summary: Homes in Malabar had an average of 148 days on market in Nov 2024, up by 108.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Malabar are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 4 homes were sold in Malabar; 25% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 75% of homes were sold over 90 days.
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