West Melbourne Homes for Sale & Real Estate Listings

In December 2024, home prices in West Melbourne experienced an 11.6% decline year-over-year, with the median sale price settling at $357K. While the market remains active, homes are taking slightly longer to sell, averaging 89 days on the market compared to 84 days the previous year. Additionally, sales activity slowed, with only 27 homes sold in December, down from 38 the year before. This shift could indicate a more favorable environment for buyers, with increased negotiating power and potential opportunities to secure properties at more competitive prices.

West Melbourne’s housing market is moderately competitive, with homes typically selling in about 88 days. While some properties receive multiple offers, most homes sell for approximately 3% below the listing price before going under contract. However, highly desirable "hot homes" tend to sell closer to the asking price and go pending much faster, in around 43 days. This dynamic suggests that while buyers have some negotiating power, well-priced and move-in-ready properties can still attract strong interest.

In December 2024, West Melbourne, FL maintained a balanced market, where the supply of homes closely matches buyer demand. This equilibrium creates a stable environment for both buyers and sellers, with neither holding a significant advantage. While homes are spending more time on the market, well-priced properties continue to attract interest. Buyers can take their time exploring options, while sellers who price competitively still have strong opportunities to close deals.