Indian River County Market Report Indian River County Market Report | Page 4

Median Sale Price Average Sale Price
Monthly Market Detail - March 2024 Single-Family Homes Indian River County

Median Sale Price

The median sale price reported for the month ( i . e . 50 % of sales were above and 50 % of sales were below )
Economists ' note : Median Sale Price is our preferred summary statistic for price activity because , unlike Average Sale Price , Median Sale Price is not sensitive to high sale prices for small numbers of homes that may not be characteristic of the market area . Keep in mind that median price trends over time are not always solely caused by changes in the general value of local real estate . Median sale price only reflects the values of the homes that sold each month , and the mix of the types of homes that sell can change over time .
Month
Median Sale Price
Percent Change
Year-over-Year
Year-to-Date
$ 435,800
13.5 %
March 2024
$ 460,000
16.5 %
February 2024
$ 425,000
17.7 %
January 2024
$ 384,000
-0.3%
December 2023
$ 380,000
1.3 %
November 2023
$ 399,000
13.0 %
October 2023
$ 391,150
7.2 %
September 2023
$ 370,000
0.0 %
August 2023
$ 375,000
-1.1%
July 2023
$ 377,500
4.9 %
June 2023
$ 415,000
2.5 %
May 2023
$ 412,000
3.1 %
April 2023
$ 407,750
5.4 %
March 2023
$ 395,000
5.3 %
$ 500K $ 400K $ 300K $ 200K $ 100K
$ 0K
2020 2021 2022 2023
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M

Average Sale Price

The average sale price reported for the month ( i . e . total sales in dollars divided by the number of sales )
Economists ' note : Usually , we prefer Median Sale Price over Average Sale Price as a summary statistic for home prices . However , Average Sale Price does have its uses — particularly when it is analyzed alongside the Median Sale Price . For one , the relative difference between the two statistics can provide some insight into the market for higher-end homes in an area .
Month
Average Sale Price
Percent Change
Year-over-Year
Year-to-Date
$ 671,759
-4.7%
March 2024
$ 771,999
19.8 %
February 2024
$ 563,368
-38.5%
January 2024
$ 642,139
16.6 %
December 2023
$ 519,908
-4.2%
November 2023
$ 598,658
37.4 %
October 2023
$ 542,939
18.2 %
September 2023
$ 478,516
-15.9%
August 2023
$ 544,834
7.4 %
July 2023
$ 576,177
25.2 %
June 2023
$ 700,468
14.8 %
May 2023
$ 631,808
-14.0%
April 2023
$ 564,549
9.1 %
March 2023
$ 644,382
5.7 %
$ 1000K $ 800K $ 600K $ 400K $ 200K
$ 0K
2020 2021 2022 2023
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M
Produced by Florida Realtors ® with data provided by Florida ' s multiple listing services . Statistics for each month compiled from MLS feeds on the 15th day of the following month . Data released on Thursday , April 18 , 2024 . Next data release is Wednesday , May 22 , 2024 .