$10,000 Closing Credit*
$899,000
2,400 SqFt
3 Beds
•3 Full Baths, 1 Partial
#1030011, David F Marsh, Listing Office: Alliance Properties of Brev
Is 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, Melbourne Beach was a Seller's Market.
Key Takeaway
Melbourne Beach is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Melbourne Beach, FL
How much do homes in Melbourne Beach, FL cost?
Median Sold Price
$714,500
$362/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$39,500(+5.9%)
Key Takeaway
Homes in Melbourne Beach have sold for 5.9% more than they did a year ago.
Summary: The median home sold price in Melbourne Beach was $714,500 in October 2024, up 5.9% from last year, and the median price per square foot was $362.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $212K | $210K | -0.9% |
| 2 Bedrooms | $390K | $400K | +2.6% |
| 3 Bedrooms | $704.3K | $707.2K | 0.4% |
| 4 Bedrooms | $857.5K | $933.5K | +8.9% |
| 5+ Bedrooms | $1.1M | $1.1M | -4.8% |
Summary: 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 2.6%, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes decreased by 4.8%.
Median Sold Price Compared To Nearby Cities
| Melbourne Beach | $675K | $714.5K | +5.9% |
| Indialantic-Melbourne Beach | $540.3K | $550K | +1.8% |
| Indialantic | $639.5K | $580K | -9.3% |
Housing Supply in Melbourne Beach, FL
How many homes are available in Melbourne Beach, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 154 | 158 | +2.6% |
Summary: The Melbourne Beach real estate market had 158 homes for sale in October 2024, a 2.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 32 | 32 | 0.0% |
| 3 Bedrooms | 65 | 67 | +3.1% |
| 4 Bedrooms | 38 | 38 | 0.0% |
| 5+ Bedrooms | 17 | 18 | +5.9% |
Summary: The Melbourne Beach housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 3.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 5.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 17 | +6.3% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Melbourne Beach, you may be able to get a good deal. 94.1% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Melbourne Beach in October 2024, up by 6.3% month-over-month. Of the 17 sold homes, 94% were sold under asking, 6% were sold at asking, and 0% were sold over asking.
Days on Market for Melbourne Beach, FL
How long does it take to sell a home in Melbourne Beach, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 66 Days | 139 Days | +111.2% |
Summary: Homes in Melbourne Beach had an average of 139 days on market in Oct 2024, up by 111.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Melbourne Beach are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 17 homes were sold in Melbourne Beach; 6% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 76% of homes were sold over 90 days.
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