$7,125 Closing Credit*
$600,000
1,555 SqFt
4 Beds
•2 Full Baths
#1032203, Jacquelyn Arroyo, Listing Office: Real Broker, LLC
Is Satellite Beach, 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, Satellite Beach was a Seller's Market.
Key Takeaway
Satellite Beach is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Satellite Beach, FL
How much do homes in Satellite Beach, FL cost?
Median Sold Price
$540,000
$305/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$35,000(+6.9%)
Key Takeaway
Homes in Satellite Beach have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in Satellite Beach was $540,000 in November 2024, up 6.9% from last year, and the median price per square foot was $305.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $171K | $182.5K | +6.7% |
| 2 Bedrooms | $353K | $330K | -6.5% |
| 3 Bedrooms | $485K | $510K | +5.2% |
| 4 Bedrooms | $650K | $690K | +6.2% |
| 5+ Bedrooms | $867.1K | $1.0M | +17.5% |
Summary: Satellite Beach housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.7%, 2 bedroom homes decreased by 6.5%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes increased by 17.5%.
Median Sold Price Compared To Nearby Cities
| Satellite Beach | $505K | $540K | +6.9% |
| Indialantic-Melbourne Beach | $545.3K | $549.9K | +0.8% |
| Indian Harbour Beach | $447K | $450K | +0.7% |
Housing Supply in Satellite Beach, FL
How many homes are available in Satellite Beach, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 125 | 122 | -2.4% |
Summary: The Satellite Beach real estate market had 122 homes for sale in November 2024, a 2.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 8 | 11 | +37.5% |
| 3 Bedrooms | 58 | 55 | -5.2% |
| 4 Bedrooms | 43 | 42 | -2.3% |
| 5+ Bedrooms | 14 | 13 | -7.1% |
Summary: The Satellite Beach housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 37.5%, 3 bedroom homes decreased by 5.2%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes decreased by 7.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 13 | -35.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Satellite Beach, you may be able to get a good deal. 69.2% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Satellite Beach in November 2024, down by 35.0% month-over-month. Of the 13 sold homes, 69% were sold under asking, 23% were sold at asking, and 8% were sold over asking.
Days on Market for Satellite Beach, FL
How long does it take to sell a home in Satellite Beach, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 50 Days | 114 Days | +127.0% |
Summary: Homes in Satellite Beach had an average of 114 days on market in Nov 2024, up by 127% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Satellite Beach are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 13 homes were sold in Satellite Beach; 38% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 54% 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.