Is Malabar, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Malabar was a Buyer's Market.
Key Takeaway
Malabar is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Malabar, FL
How much do homes in Malabar, FL cost?
Median Sold Price
$599,950
$266/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Malabar have sold for 8.1% more than they did a year ago.
Summary: The median home sold price in Malabar was $599,950 in May 2024, up 8.1% from last year, and the median price per square foot was $266.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $140K | - | N/A |
| 3 Bedrooms | $515K | $532.5K | +3.4% |
| 4 Bedrooms | $625K | $655K | +4.8% |
| 5+ Bedrooms | $617.5K | $1.0M | +63.6% |
Summary: Malabar housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 63.6%.
Median Sold Price Compared To Nearby Cities
| Grant | $360.3K | $615K | +70.7% |
| Grant-Valkaria | $364.3K | $590K | +61.9% |
| Malabar | $555K | $599.9K | +8.1% |
| Palm Bay | $335.1K | $330K | -1.5% |
| Melbourne Shores-Floridana Beach | $677.5K | $640K | -5.5% |
Housing Supply in Malabar, FL
How many homes are available in Malabar, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 31 | 35 | +12.9% |
Summary: The Malabar real estate market had 35 homes for sale in May 2024, a 12.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 0 | -100.0% |
| 3 Bedrooms | 15 | 17 | +13.3% |
| 4 Bedrooms | 9 | 11 | +22.2% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Malabar housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 9 | +350.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Malabar, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Malabar in May 2024, up by 350.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 44% were sold at asking, and 11% were sold over asking.
Days on Market for Malabar, FL
How long does it take to sell a home in Malabar, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 92 Days | 34 Days | -62.4% |
Summary: Homes in Malabar had an average of 34 days on market in May 2024, down by 62.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Malabar are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 9 homes were sold in Malabar; 67% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
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