$175,000
2.88 Acres
Land
#1032474, Corey A Jenkins, Listing Office: Jenkins & Jenkins Real Estate
Is West Brevard, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, West Brevard has remained a Seller's Market.
Key Takeaway
West Brevard is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Brevard, FL
How much do homes in West Brevard, FL cost?
Median Sold Price
$547,553
$261/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$52,553(+10.6%)
Key Takeaway
Homes in West Brevard have sold for 10.6% more than they did a year ago.
Summary: The median home sold price in West Brevard was $547,553 in November 2024, up 10.6% from last year, and the median price per square foot was $261.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $215K | - | N/A |
| 2 Bedrooms | $462.4K | $475K | +2.7% |
| 3 Bedrooms | $470.4K | $514.1K | +9.3% |
| 4 Bedrooms | $512.9K | $613.7K | +19.6% |
| 5+ Bedrooms | $655.2K | $650K | -0.8% |
Summary: West Brevard housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.7%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 19.6%, and 5+ bedroom homes decreased by 0.8%.
Median Sold Price Compared To Nearby Cities
| West Brevard | $495K | $547.5K | +10.6% |
| Melbourne | $393.8K | $420K | +6.6% |
| Cocoa-Rockledge | $349.9K | $355.2K | +1.5% |
| West Melbourne | $404.1K | $408.3K | +1.0% |
| Palm Bay | $332.9K | $330.1K | -0.8% |
Housing Supply in West Brevard, FL
How many homes are available in West Brevard, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 313 | 300 | -4.2% |
Summary: The West Brevard real estate market had 300 homes for sale in November 2024, a 4.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 21 | 21 | 0.0% |
| 3 Bedrooms | 127 | 119 | -6.3% |
| 4 Bedrooms | 139 | 136 | -2.2% |
| 5+ Bedrooms | 26 | 24 | -7.7% |
Summary: The West Brevard 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 remained the same, 3 bedroom homes decreased by 6.3%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes decreased by 7.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 69 | 54 | -21.7% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Brevard, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 54 homes were sold or pending in West Brevard in November 2024, down by 21.7% month-over-month. Of the 54 sold homes, 56% were sold under asking, 41% were sold at asking, and 4% were sold over asking.
Days on Market for West Brevard, FL
How long does it take to sell a home in West Brevard, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 26 Days | 70 Days | +162.5% |
Summary: Homes in West Brevard had an average of 70 days on market in Nov 2024, up by 162.5% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in West Brevard are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 54 homes were sold in West Brevard; 56% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.
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