Brevard Real Estate Trends – Median Sales Price For Single Family Homes Up 20%

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As Brevard’s median sales price for single-family homes continues to rise, so do condo prices. Single-family homes typically follow condo prices, so condo prices are a good indicator of Brevard real estate trends. As buyers wait for the perfect home, pent-up demand increases and prices rise. A lack of inventory is also a factor, as bidding wars often ensue. As inventory remains low, strong cash sales have accelerated the price rise since April 2010 and have resulted in bidding wars. Investors are now making up the majority of Brevard’s single-family home sales; and owner-occupants are rejoining the ranks of investors.

Brevard real estate median list price

The median list price for single family homes in Brevard, Florida, has increased by over 20% in the past year. The market is hot but not so hot that prices will be unaffordable for many people. The state continues to welcome thousands of new residents, and housing prices are on the rise. As of July 2022, the median sales price of a Brevard single-family home was $308,000.

According to recent data, the median price for single-family homes in Brevard, NC, has increased by nearly 20% since July 2022. A Brevard home selling for this price is expected to last 50 days, a two-year high. This is up from the 52-day average in July 2021, which was 53 days. The median listing price per square foot in Brevard, NC, has increased by 14.5%, and the average number of days a Brevard single family home spent on the market is 43.

Despite rising prices, Brevard County rental market is also hot. The county has a strong rental market, and it is one of the largest recipients of the Great Migration. This is the migration of many people from the Midwest to the southeast. The warm climate, warm beaches, and the abundant recreational opportunities make this region an excellent place to rent a property. You’ll be able to rent it out quickly and charge premium rents, and enjoy the tax benefits as well.

Among the many benefits of living in Brevard County is the affordable cost of living. The median list price for single family homes in Brevard County is $259,900 and the median selling price is $229,200. Renters in the county enjoy a rental rate of $1,495 per month, which is more than double the national average. A Brevard home is an excellent investment, and a home in the area can be a great investment in your future.

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