$7,303 Closing Credit*
$615,000
2,113 SqFt
3 Beds
•2 Full Baths, 1 Partial
Robin M Raiff, Listing Office: Douglas Elliman Florida LLC
Is Sebastian, 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, Sebastian was a Seller's Market.
Key Takeaway
Sebastian is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Sebastian, FL
How much do homes in Sebastian, FL cost?
Median Sold Price
$368,396
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$8,156(+2.3%)
Key Takeaway
Homes in Sebastian have sold for 2.3% more than they did a year ago.
Summary: The median home sold price in Sebastian was $368,396 in November 2024, up 2.3% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $200K | $207.5K | +3.8% |
| 2 Bedrooms | $270K | $265K | -1.9% |
| 3 Bedrooms | $364.9K | $378.5K | +3.7% |
| 4 Bedrooms | $385K | $400K | +3.9% |
| 5+ Bedrooms | $575K | $815K | +41.7% |
Summary: Sebastian housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.8%, 2 bedroom homes decreased by 1.9%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 41.7%.
Housing Supply in Sebastian, FL
How many homes are available in Sebastian, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 427 | 457 | +7.0% |
Summary: The Sebastian real estate market had 457 homes for sale in November 2024, a 7.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 87 | 102 | +17.2% |
| 3 Bedrooms | 232 | 242 | +4.3% |
| 4 Bedrooms | 102 | 109 | +6.9% |
| 5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The Sebastian housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 17.2%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 71 | 58 | -18.3% |
Asking Price vs. Sold Price
38 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sebastian, you may be able to get a good deal. 65.5% of homes here sold below asking price last month.
Summary: A total of 58 homes were sold or pending in Sebastian in November 2024, down by 18.3% month-over-month. Of the 58 sold homes, 66% were sold under asking, 28% were sold at asking, and 7% were sold over asking.
Days on Market for Sebastian, FL
How long does it take to sell a home in Sebastian, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 59 Days | 90 Days | +51.9% |
Summary: Homes in Sebastian had an average of 90 days on market in Nov 2024, up by 51.9% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
25 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Sebastian are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 58 homes were sold in Sebastian; 19% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.
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