Is West Brevard, 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, 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
$569,082
$264/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in West Brevard have sold for 9.5% more than they did a year ago.
Summary: The median home sold price in West Brevard was $569,082 in April 2024, up 9.5% from last year, and the median price per square foot was $264.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $215K | - | N/A |
| 2 Bedrooms | $375K | $484K | +29.1% |
| 3 Bedrooms | $469K | $484.4K | +3.3% |
| 4 Bedrooms | $585K | $649.9K | +11.1% |
| 5+ Bedrooms | $691.4K | $822.4K | +18.9% |
Summary: West Brevard housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 29.1%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 18.9%.
Median Sold Price Compared To Nearby Cities
| West Brevard | $519.5K | $569K | +9.5% |
| Melbourne | $384.1K | $408.7K | +6.4% |
| West Melbourne | $408.7K | $430K | +5.2% |
| Cocoa-Rockledge | $348.4K | $350K | 0.5% |
| Palm Bay | $334.8K | $330K | -1.5% |
Housing Supply in West Brevard, FL
How many homes are available in West Brevard, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 216 | 235 | +8.8% |
Summary: The West Brevard real estate market had 235 homes for sale in April 2024, a 8.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 15 | 15 | 0.0% |
| 3 Bedrooms | 85 | 93 | +9.4% |
| 4 Bedrooms | 94 | 106 | +12.8% |
| 5+ Bedrooms | 22 | 21 | -4.5% |
Summary: The West Brevard housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes decreased by 4.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 40 | 44 | +10.0% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
3 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. 63.6% of homes here sold below asking price last month.
Summary: A total of 44 homes were sold or pending in West Brevard in April 2024, up by 10.0% month-over-month. Of the 44 sold homes, 64% were sold under asking, 30% were sold at asking, and 7% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 38 Days | 53 Days | +38.4% |
Summary: Homes in West Brevard had an average of 53 days on market in Apr 2024, up by 38.4% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
10 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 April 2024, 44 homes were sold in West Brevard; 66% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
Copyright © 2024 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
All listings featuring the BMLS logo are provided by BeachesMLS, Inc. Copyright 2024 BeachesMLS, Inc.