Is Satellite 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, Satellite Beach has remained a Seller's Market.
Housing Prices in Satellite Beach, FL
How much do homes in Satellite Beach, FL cost?
Median Sold Price
$530,000
$299/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Satellite Beach was $530,000 in April 2024, up 6.7% from last year, and the median price per square foot was $299.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $180K | $200K | +11.1% |
2 Bedrooms | $351.5K | $347.5K | -1.1% |
3 Bedrooms | $485K | $510K | +5.2% |
4 Bedrooms | $664K | $664K | 0.0% |
5+ Bedrooms | $742.5K | $780K | +5.1% |
Summary: Satellite Beach housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.1%, 2 bedroom homes decreased by 1.1%, 3 bedroom homes increased by 5.2%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 5.1%.
Median Sold Price Compared To Nearby Cities
Satellite Beach | $496.8K | $530K | +6.7% |
Indialantic-Melbourne Beach | $529.4K | $551.5K | +4.2% |
Indian Harbour Beach | $450K | $437.4K | -2.8% |
Housing Supply in Satellite Beach, FL
How many homes are available in Satellite Beach, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
134 | 160 | +19.4% |
Summary: The Satellite Beach real estate market had 160 homes for sale in April 2024, a 19.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 21 | 22 | +4.8% |
3 Bedrooms | 65 | 74 | +13.8% |
4 Bedrooms | 40 | 50 | +25.0% |
5+ Bedrooms | 6 | 11 | +83.3% |
Summary: The Satellite Beach housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 13.8%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 83.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
23 | 34 | +47.8% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 34 homes were sold or pending in Satellite Beach in April 2024, up by 47.8% month-over-month. Of the 34 sold homes, 79% were sold under asking, 12% were sold at asking, and 9% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
35 Days | 75 Days | +110.0% |
Summary: Homes in Satellite Beach had an average of 75 days on market in Apr 2024, up by 110% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During April 2024, 34 homes were sold in Satellite Beach; 44% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.