$10,000 Closing Credit*
$1,550,000
1,876 SqFt
3 Beds
•2 Full Baths, 1 Partial
Rocio Crespo Hathorn, Listing Office: VRNR, LLC.
Is Monroe County, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Monroe County has remained a Buyer's Market.
Key Takeaway
Monroe County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Monroe County, FL
How much do homes in Monroe County, FL cost?
Median Sold Price
$1,009,500
$901/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$165,500(-14.1%)
Key Takeaway
Homes in Monroe County have sold for 14.1% less than they did a month ago.
Summary: The median home sold price in Monroe County was $1,009,500 in November 2024, down 14.1% from last month, and the median price per square foot was $901.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $900K | $850K | -5.6% |
| 3 Bedrooms | $1.7M | $1.6M | -7.0% |
| 4 Bedrooms | $1.6M | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Monroe County housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.6%, 3 bedroom homes decreased by 7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Monroe County, FL
How many homes are available in Monroe County, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 256 | 282 | +10.2% |
Summary: The Monroe County real estate market had 282 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 | 9 | 11 | +22.2% |
| 2 Bedrooms | 60 | 68 | +13.3% |
| 3 Bedrooms | 116 | 128 | +10.3% |
| 4 Bedrooms | 41 | 43 | +4.9% |
| 5+ Bedrooms | 30 | 32 | +6.7% |
Summary: The Monroe County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 22.2%, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 6.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 10 | -23.1% |
Asking Price vs. Sold Price
9 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 Monroe County, you may be able to get a good deal. 90% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Monroe County in November 2024, down by 23.1% month-over-month. Of the 10 sold homes, 90% were sold under asking, 10% were sold at asking, and 0% were sold over asking.
Days on Market for Monroe County, FL
How long does it take to sell a home in Monroe County, FL?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 110 Days | 105 Days | -4.8% |
Summary: Homes in Monroe County had an average of 105 days on market in Nov 2024, down by 4.8% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Monroe County are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 10 homes were sold in Monroe County; 0% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 60% 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.