Median Sale Price Average Sale Price
Monthly Market Detail - June 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 |
$ 430,000 |
7.5 % |
June 2024 |
$ 419,500 |
1.1 % |
May 2024 |
$ 430,000 |
4.4 % |
April 2024 |
$ 430,000 |
5.5 % |
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 % |
$ 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 A M J
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 |
$ 657,743 |
-1.1% |
June 2024 |
$ 646,111 |
-7.8% |
May 2024 |
$ 654,324 |
3.6 % |
April 2024 |
$ 643,016 |
13.9 % |
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 % |
$ 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 A M J
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 Tuesday , July 23 , 2024 . Next data release is Thursday , August 22 , 2024 .