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Florida's Satellite Beach housing market reflects a competitive environment with notable price changes. Homes in Satellite Beach typically receive an average of 1 offer and sell within approximately 79 days. In May 2023, the median sale price of homes in Satellite Beach was $637,000, indicating a 5.7% increase compared to the previous year. Additionally, the median sale price per square foot in Satellite Beach is $329, which has decreased by 3.2% since last year.
During May 2023, the housing market in Satellite Beach experienced an upward trend in median home prices, with a 5.7% increase compared to the previous year. Homes in this area typically spend an average of 79 days on the market, indicating a slightly longer duration than 37 days during the last year. The number of homes sold in May this year was 32, representing an 11.1% decrease compared to the previous year.
The recent data suggests that the Satellite Beach housing market is experiencing moderate growth in median prices, although homes are taking longer to sell. It remains competitive, with homes typically selling within 79 days.
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