Altos Market Data for Realtors

Melbourne Beach, FL 32951

Single-Family Homes

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Melbourne Beach, FL 32951

Fri Jan 10 2025
This week the median list price for Melbourne Beach, FL 32951 is $899,000 with the market action index hovering around 27. This is less than last month's market action index of 30. Inventory has increased to 89. Click here to stay informed with the Melbourne Beach market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Buyer's Advantage

Market Narrative

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Melbourne Beach, FL 32951

Fri Jan 10 2025
This week the median list price for Melbourne Beach, FL 32951 is $899,000 with the market action index hovering around 27. This is less than last month's market action index of 30. Inventory has increased to 89. Click here to stay informed with the Melbourne Beach market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Buyer's Advantage

Market Narrative

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Melbourne Beach market.
Median List Price $899,000
Median Price of New Listings $967,450
Per Square Foot $400
Average Days on Market 145
Median Days on Market 112
Price Decreased 46%
Price Increased 3%
Relisted 11%
Inventory 89
Median Rent
Market Action 27
Slight Buyer's Advantage

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$2,547,500 3,265 0.5 - 1 acre 4 3.8 32 1 1 119
$1,112,500 2,696 0.25 - 0.5 acre 4 3 25 2 2 136
$804,900 2,171 0.25 - 0.5 acre 4 2 42 1 0 136
$629,900 1,696 0.25 - 0.5 acre 3 2 39 2 2 84