32940 Home Values & Market Trends
There are 159 homes currently listed for 32940. 32940 real estate market trends show that home prices range from $167,900 to $4,599,999, and the median sales price in the 32940 zip code is $469,497.34. The total number of properties sold within the past twelve months is 1,058. In 32940, 128 properties are in foreclosure, 0 are bank owned properties,and 6 are headed for auction.
32940 Real Estate Market Overview
City | Median Est. Value |
---|---|
Melbourne | $ 389,000 $ 232/sqft |
Housing Market Summary for 32940
Apr 2023 | March 2024 | Change | |
---|---|---|---|
Median Listing Price | $499.5K | $404.9K | -18.94% |
Median Sold Price | $468.9K | $404.9K | -13.66% |
Homes For Sale | 163 | 154 | -5.52% |
Homes Sold | 711 | 663 | -6.75% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in 32940
Browse Homes in 32940
The median list price of a home in Melbourne, is $469,497.34. A total of 159 properties are for sale, and the percentage of properties for sale in the zip code is 159.00%. The total count of 32940 properties is 19,741.
- Pre-ForeclosurePre-foreclosure homes account for 0.62% of all residential properties in 32940 with melbourne containing 376 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 32940; of that cities, the estimated home value for pre-foreclosure homes ranges from $1,184,934 in melbourne to the lowest home value of $71,481 in melbourne.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in 32940 ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in 32940. There is 1 cities within 32940; N/A containing 0 REO properties, has the highest number of bank owned properties in a single city.
- Auctionsmelbourne has 18 auction properties, the highest number of properties going to auction in a single city in the state of 32940. Auction homes and other auction properties account for 0.03% of all properties in 32940. There is 1 cities within 32940; of that cities, the median estimated home value for homes going to auction ranges from $730,071 in melbourne to the lowest value of $185,000 in melbourne.
Compare Nearby Zip Codes
More Real Estate Resources for 32940
Guide for 32940
The Hialeah real estate market has displayed a significant upward trajectory from March 2023 to February 2024. This growth, accompanied by a strong demand and investor interest, highlights Hialeah’s economic stability and the persistent appeal of its real estate market, making it favorable for both homebuyers and investors.
This blog post provides an in-depth analysis of the real estate market trends in Jacksonville, Florida and nearby areas based on key metrics such as average property values, sold prices per square foot, and property counts. The data reveals a dynamic marketplace with fluctuating property values and varying sold prices per square foot.
Miami’s real estate market is on an upward trend, with the average property value and selling price per square foot increasing from 2023 to 2024. The surrounding cities’ markets vary, with some offering more affordable options. The data suggests a healthy investment opportunity, especially in the high-demand for-sale market.
Buying a new home is an important milestone for many. But how do you make sure you pick the right mortgage?