Is West Brevard, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$564,351
$262/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in West Brevard have sold for 9.3% more than they did a year ago.
Summary: The median home sold price in West Brevard was $564,351 in May 2024, up 9.3% from last year, and the median price per square foot was $262.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $215K | - | N/A |
| 2 Bedrooms | $389K | $484.5K | +24.6% |
| 3 Bedrooms | $459.5K | $495K | +7.7% |
| 4 Bedrooms | $595K | $620K | +4.2% |
| 5+ Bedrooms | $662.4K | $801.4K | +21.0% |
Summary: West Brevard 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 increased by 24.6%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 21%.
Median Sold Price Compared To Nearby Cities
| West Brevard | $516.4K | $564.3K | +9.3% |
| West Melbourne | $399.9K | $430K | +7.5% |
| Melbourne | $384.9K | $412K | +7.0% |
| Cocoa-Rockledge | $348.9K | $349.6K | 0.2% |
| Palm Bay | $335.1K | $330K | -1.5% |
Housing Supply in West Brevard, FL
How many homes are available in West Brevard, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 282 | 326 | +15.6% |
Summary: The West Brevard real estate market had 326 homes for sale in May 2024, a 15.6% 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 | 18 | 24 | +33.3% |
| 3 Bedrooms | 107 | 127 | +18.7% |
| 4 Bedrooms | 129 | 142 | +10.1% |
| 5+ Bedrooms | 28 | 33 | +17.9% |
Summary: The West Brevard 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 increased by 33.3%, 3 bedroom homes increased by 18.7%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes increased by 17.9%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 51 | 95 | +86.3% |
Asking Price vs. Sold Price
47 Homes Were Sold
Under Asking
44 Homes Were Sold
At Asking
4 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. 49.5% of homes here sold below asking price last month.
Summary: A total of 95 homes were sold or pending in West Brevard in May 2024, up by 86.3% month-over-month. Of the 95 sold homes, 49% were sold under asking, 46% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 55 Days | 40 Days | -27.0% |
Summary: Homes in West Brevard had an average of 40 days on market in May 2024, down by 27% compared to last year.
Breakdown of Home Sale Times
58 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
15 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 May 2024, 95 homes were sold in West Brevard; 61% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 16% 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.