$7,125 Closing Credit*
$600,000
1,884 SqFt
3 Beds
•2 Full Baths, 1 Partial
#1030039, Sarah Rekab, Dustin Overton, Listing Office: Blue Marlin Real Estate
Is Satellite 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, 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
$547,350
$305/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$49,162(+9.9%)
Key Takeaway
Homes in Satellite Beach have sold for 9.9% more than they did a year ago.
Summary: The median home sold price in Satellite Beach was $547,350 in October 2024, up 9.9% from last year, and the median price per square foot was $305.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $171K | $188K | +9.9% |
| 2 Bedrooms | $353K | $341.5K | -3.3% |
| 3 Bedrooms | $484.9K | $521K | +7.4% |
| 4 Bedrooms | $640K | $685K | +7.0% |
| 5+ Bedrooms | $785K | $971.4K | +23.7% |
Summary: Satellite Beach housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.9%, 2 bedroom homes decreased by 3.3%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 23.7%.
Median Sold Price Compared To Nearby Cities
| Satellite Beach | $498.1K | $547.3K | +9.9% |
| Indialantic-Melbourne Beach | $540.3K | $550K | +1.8% |
| Indian Harbour Beach | $450K | $448.2K | -0.4% |
Housing Supply in Satellite Beach, FL
How many homes are available in Satellite Beach, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 137 | 136 | -0.7% |
Summary: The Satellite Beach real estate market had 136 homes for sale in October 2024, a 0.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 13 | 11 | -15.4% |
| 3 Bedrooms | 66 | 60 | -9.1% |
| 4 Bedrooms | 42 | 48 | +14.3% |
| 5+ Bedrooms | 13 | 15 | +15.4% |
Summary: The Satellite Beach housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 15.4%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 15.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 28 | 17 | -39.3% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Satellite Beach, you may be able to get a good deal. 70.6% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Satellite Beach in October 2024, down by 39.3% month-over-month. Of the 17 sold homes, 71% were sold under asking, 12% were sold at asking, and 18% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 36 Days | 33 Days | -7.8% |
Summary: Homes in Satellite Beach had an average of 33 days on market in Oct 2024, down by 7.8% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Satellite Beach are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 17 homes were sold in Satellite Beach; 59% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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