Are you looking for a beautiful condo in Melbourne Beach, FL? The Carpenter Kessel Team can help you find your dream home with ease. Our experienced agents will guide you through the process every step of the way.
The Melbourne Beach housing market in Florida reflects a somewhat competitive environment with notable price changes. Homes in Melbourne Beach typically receive an average of 2 offers and sell within approximately 35 days. In May 2023, the median sale price of homes in Melbourne Beach was $717,500, indicating a decline of 13.0% compared to the previous year. Additionally, the median sale price per square foot in Melbourne Beach is $376, showing a decrease of 3.3% since last year.
During May 2023, the housing market in Melbourne Beach experienced a significant decrease in median home prices, with a decline of 13.0% compared to the previous year. Homes in this area typically spend an average of 35 days on the market, slightly longer than 26 days during the last year.
The number of homes sold in May this year was 8, representing a decrease of 38.5% compared to the same month last year.
The recent data suggests that the Melbourne Beach housing market is adjusting, with lower median prices and a notable decrease in the number of homes sold. Despite this, the market remains somewhat competitive, with homes typically selling within 62 days.
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