Is Indialantic-Melbourne Beach, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Indialantic-Melbourne Beach has remained a Seller's Market.
Housing Prices in Indialantic-Melbourne Beach, FL
How much do homes in Indialantic-Melbourne Beach, FL cost?
Median Sold Price
$551,549
$308/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Indialantic-Melbourne Beach was $551,549 in April 2024, up 4.2% from last year, and the median price per square foot was $308.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $215K | $207.5K | -3.5% |
2 Bedrooms | $330K | $342K | +3.6% |
3 Bedrooms | $525K | $550K | +4.8% |
4 Bedrooms | $710K | $726.2K | +2.3% |
5+ Bedrooms | $922K | $969.5K | +5.2% |
Summary: Indialantic-Melbourne Beach housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.5%, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 5.2%.
Median Sold Price Compared To Nearby Cities
Satellite Beach | $496.8K | $530K | +6.7% |
Melbourne | $384.1K | $408.7K | +6.4% |
Indialantic-Melbourne Beach | $529.4K | $551.5K | +4.2% |
Indialantic | $635K | $630K | -0.8% |
Indian Harbour Beach | $450K | $437.4K | -2.8% |
Housing Supply in Indialantic-Melbourne Beach, FL
How many homes are available in Indialantic-Melbourne Beach, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
386 | 456 | +18.1% |
Summary: The Indialantic-Melbourne Beach real estate market had 456 homes for sale in April 2024, a 18.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 11 | 13 | +18.2% |
2 Bedrooms | 82 | 90 | +9.8% |
3 Bedrooms | 167 | 198 | +18.6% |
4 Bedrooms | 99 | 120 | +21.2% |
5+ Bedrooms | 27 | 35 | +29.6% |
Summary: The Indialantic-Melbourne Beach housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 18.2%, 2 bedroom homes increased by 9.8%, 3 bedroom homes increased by 18.6%, 4 bedroom homes increased by 21.2%, and 5+ bedroom homes increased by 29.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
65 | 81 | +24.6% |
Asking Price vs. Sold Price
63 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 81 homes were sold or pending in Indialantic-Melbourne Beach in April 2024, up by 24.6% month-over-month. Of the 81 sold homes, 78% were sold under asking, 12% were sold at asking, and 10% were sold over asking.
Days on Market for Indialantic-Melbourne Beach, FL
How long does it take to sell a home in Indialantic-Melbourne Beach, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
46 Days | 59 Days | +28.8% |
Summary: Homes in Indialantic-Melbourne Beach had an average of 59 days on market in Apr 2024, up by 28.8% compared to last year.
Breakdown of Home Sale Times
36 Homes Were Sold
Under 30 Days
27 Homes Were Sold
In 30 - 90 Days
18 Homes Were Sold
Over 90 Days
Summary: During April 2024, 81 homes were sold in Indialantic-Melbourne Beach; 44% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.