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West Melbourne, FL Housing Market
In June 2025, West Melbourne’s housing market showed strong price growth, with the median home selling for $428K—up 12.6% year-over-year. However, homes are taking much longer to sell, averaging 75 days on the market compared to just 39 days last year, indicating that rising prices may be slowing buyer urgency. Despite this, sales volume increased notably, with 41 homes sold compared to 26 the previous year, suggesting sustained interest and a broader pool of buyers. This mix of rising prices, slower pace, and higher sales activity points to a shifting market where demand remains healthy but buyers are more cautious.
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.
West Melbourne, FL was a balanced market in June 2025, meaning housing supply and buyer demand were relatively equal. This equilibrium results in stable home prices and moderate competition, where neither side holds a strong advantage. Sellers can expect fair offers if priced appropriately, while buyers benefit from more choices and reasonable negotiation power. It’s a steady environment ideal for both parties to make well-informed decisions without the urgency of a seller’s or buyer’s market.
Whether you have questions about the West Melbourne real estate market or you're ready to find your dream home, Corinna is here to help. With expert local knowledge and personalized guidance, she’ll make your home-buying journey smooth and stress-free. Get in touch today to explore available listings and take the next step toward owning a home in West Melbourne!
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