$5,094 Closing Credit*
$429,000
1,735 SqFt
3 Beds
•2 Full Baths
#1033293, Christopher J D'Anna, Listing Office: Robert Slack LLC
Is Port Malabar, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, Port Malabar was a Seller's Market.
Key Takeaway
Port Malabar is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Port Malabar, FL
How much do homes in Port Malabar, FL cost?
Median Sold Price
$329,827
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$4,726(+1.5%)
Key Takeaway
Homes in Port Malabar have sold for 1.5% more than they did a year ago.
Summary: The median home sold price in Port Malabar was $329,827 in December 2024, up 1.5% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $128.5K | $127.5K | -0.8% |
| 2 Bedrooms | $233K | $235K | +0.9% |
| 3 Bedrooms | $300K | $306.1K | +2.0% |
| 4 Bedrooms | $345K | $352.2K | +2.1% |
| 5+ Bedrooms | $400K | $404.4K | +1.1% |
Summary: Port Malabar housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.8%, 2 bedroom homes increased by 0.9%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 1.1%.
Housing Supply in Port Malabar, FL
How many homes are available in Port Malabar, FL?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 1,203 | 1,218 | +1.2% |
Summary: The Port Malabar real estate market had 1,218 homes for sale in December 2024, a 1.2% increase compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 61 | 62 | +1.6% |
| 3 Bedrooms | 602 | 617 | +2.5% |
| 4 Bedrooms | 516 | 516 | 0.0% |
| 5+ Bedrooms | 22 | 21 | -4.5% |
Summary: The Port Malabar housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 2.5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 4.5%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 154 | 180 | +16.9% |
Asking Price vs. Sold Price
88 Homes Were Sold
Under Asking
67 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Port Malabar, you may be able to get a good deal. 48.9% of homes here sold below asking price last month.
Summary: A total of 180 homes were sold or pending in Port Malabar in December 2024, up by 16.9% month-over-month. Of the 180 sold homes, 49% were sold under asking, 37% were sold at asking, and 14% were sold over asking.
Days on Market for Port Malabar, FL
How long does it take to sell a home in Port Malabar, FL?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 58 Days | 67 Days | +14.8% |
Summary: Homes in Port Malabar had an average of 67 days on market in Dec 2024, up by 14.8% compared to last year.
Breakdown of Home Sale Times
59 Homes Were Sold
Under 30 Days
66 Homes Were Sold
In 30 - 90 Days
55 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Port Malabar has remained consistent over time.
Summary: During December 2024, 180 homes were sold in Port Malabar; 33% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.
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