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Brevard County Housing Statistics for 2024: December, Q4 and Annual

By Kymberly Franklin posted 28 days ago

  

Palm Shores, FL -- 2024 Annual, Q4 and December Brevard County housing statistics report for Single-Family homes and Townhouses/Condos provided by Space Coast Association of REALTORS®, the voice for real estate in Brevard County.

A quick recap of the Brevard County Residential Report for December 2024:

  • Closed Sales are up 22.1% for December 2024 in which the number of units closed was 817 compared to 669 in December 2023, with an increase in cash sales of 3.1%.
  • New Pending Sales are up 6.8% and New Listings are down -2.1%.
  • The Median Sales Price for Brevard Single Family homes is 0.0% to $369,995 compared to a year ago, which was $370,000.
  • Months' Supply of Inventory is up 25.0% to 4.0 months, an increase from 3.2 months in December 2023.
  • Traditional Sales are up 21.7% with a median sales price of $369,990.
  • Foreclosure/REO Sales are up 100% with 4 closed sales and a median sales price of $412,500.
  • Short Sale Closings N/A with 1 closed sale and a median sales price of $236,000

A quick recap of the Brevard County Townhouses/Condos for December 2024:

  • Closed Sales are up 8.8% for December 2024 in which the number of units closed was 173 compared to 159 in December 2023, with an decrease in cash sales of -8.0%.
  • New Pending Sales are up 5.8% and New Listings are up 16.9%.
  • The Median Sales Price for Brevard Townhouses/Condos is down -1.2% to $287,500 compared to a year ago, which was $291,000.
  • Months' Supply of Inventory is up 44.9% to 7.1 months, an increase from 4.9 months in December 2023.
  • Traditional Sales are up 8.2% with a median sales price of $288,750.
  • Foreclosure/REO Sales are N/A with 1 closed sale and a median sales price of $105,500.
  • Short Sale Closings are N/A with 0 closed sales and a median sales price of (no sales.)

A quick recap of the Brevard County Residential Report for Q4 2024:

  • Closed Sales are down -1.1% for Q4 2024 in which the number of units closed was 2,209 compared to 2,234 in Q4 2023, with a decrease in cash sales of -17.3%.
  • New Pending Sales are down -0.5% and New Listings are down -0.9%.
  • The Median Sales Price for Brevard Single Family homes is up 2.7% to $375,000 compared to a year ago, which was $365,000.
  • Months' Supply of Inventory is up 25.0% to 4.0 months, an increase from 3.2 months in Q4 2023.
  • Traditional Sales are down -1.0% with a median sales price of $375,000.
  • Foreclosure/REO Sales are down -30.0% with 7 closed sales and a median sales price of $290,000.
  • Short Sale Closings are up 100% with 2 closed sales and a median sales price of $265,500.

A quick recap of the Brevard County Townhouses/Condos for Q4 2024:

  • Closed Sales are down -12.0% for Q4 2024 in which the number of units closed was 461 compared to 524 in Q4 2023, with a decrease in cash sales of -32.6%.
  • New Pending Sales are down -12.5% and New Listings are down -1.5%.
  • The Median Sales Price for Brevard Townhouses/Condos is 0.0% to $294,900 compared to a year ago, which was $295,000.
  • Months' Supply of Inventory is up 44.9% to 7.1 months, an increase from 4.9 months in Q4 2023.
  • Traditional Sales are down -12.2% with a median sales price of $294,950.
  • Foreclosure/REO Sales are N/A with 1 closed sale and a median sales price of $105,500.
  • Short Sale Closings are N/A with 0 closed sales and a median sales price of (no sales.)

A quick recap of the Brevard County Residential Report for Annual 2024:

  • Closed Sales are down -2.3% for Annual 2024 in which the number of units closed was 10,152 compared to 10,396 in Annual 2023, with a decrease in cash sales of -9.8%.
  • New Pending Sales are up 0.3% and New Listings are up 10.9%.
  • The Median Sales Price for Brevard Single Family homes is up 5.0% to $379,125 compared to a year ago, which was $361,000.
  • Months' Supply of Inventory is up 25.0% to 4.0 months, an increase from 3.2 months in Annual 2023.
  • Traditional Sales are down -2.6% with a median sales price of $379,900.
  • Foreclosure/REO Sales are up 45.1% with 74 closed sales and a median sales price of $246,000.
  • Short Sale Closings are up 33.3% with 8 closed sales and a median sales price of $295,000.

A quick recap of the Brevard County Townhouses/Condos for Annual 2024:

  • Closed Sales are down -9.3% for Annual 2024 in which the number of units closed was 2,346 compared to 2,587 in Annual 2023, with a decrease in cash sales of -13.8%.
  • New Pending Sales are down -6.7% and New Listings are up 12.6%.
  • The Median Sales Price for Brevard Townhouses/Condos is down -1.3% to $295,000 compared to a year ago, which was $299,000.
  • Months' Supply of Inventory is up 44.9% to 7.1 months, an increase from 4.9 months in Annual 2023.
  • Traditional Sales are down -9.3% with a median sales price of $295,000.
  • Foreclosure/REO Sales are 0.0% with 9 closed sales and a median sales price of $167,000
  • Short Sale Closings are down -100.0% with 0 closed sales and a median sales price of (no sales.)
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