West Melbourne, FL Foreclosures
How much do homes sell for in West Melbourne, FL?
The average home price is currently $428,998.
In West Melbourne, FL, how many homes are available?
There are currently 22 active home listings available in West Melbourne.
What’s the average rental cost in West Melbourne, FL?
The average rental price in West Melbourne is $1,539.
What is the most expensive home in West Melbourne?
The most expensive home sold in West Melbourne had a price of $5,010,505.
What is currently the cheapest priced home in West Melbourne, FL?
The cheapest home for sale in West Melbourne is priced at $59,918.
Living in West Melbourne, FL
West Melbourne is a vibrant city located in Brevard County, Florida, known for its friendly community and convenient amenities. This area offers residents a blend of suburban tranquility and urban convenience, making it an ideal place for families and professionals alike. The city features a range of parks, schools, and shopping options, providing residents with the lifestyle they desire.
Current Market Conditions in West Melbourne, FL
The West Melbourne real estate market has been experiencing steady growth due to increasing demand and limited inventory. Home prices have appreciated in the last few years, making it a competitive market for buyers. However, the diversity in property types allows for options at varying price points, catering to different demographics.
In recent months, the market has shown signs of stabilization with a shift towards a more balanced landscape, offering opportunities for both buyers and sellers. As the area continues to develop, experts anticipate ongoing interest from investors, particularly in new construction.
West Melbourne's appeal continues to grow, bolstered by its proximity to the beach, vibrant local businesses, and community initiatives that enhance the local economy.
Home Value Estimator For West Melbourne, FL
There are currently 2,802 real estate properties
in West Melbourne, FL,
with a median automated valuation model (AVM) price
of $416,545.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in West Melbourne, FL, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in West Melbourne, FL,
is $428,998.00, with the most expensive house
in West Melbourne, FL, topping out
at $5,010,505.00 and the cheapest home
in West Melbourne, FL,
clocking in at $59,918.00. In other words, there’s
something for every potential homebuyer
or savvy investor in West Melbourne, FL!
Rent Prices
In West Melbourne, FL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in West Melbourne, FL, is on
a rollercoaster ride. The
average rent price in West Melbourne, FL,
is $1,539.00. Indeed, when looking to rent in
West Melbourne, FL, you can expect to pay as little
as $670.00 or as much
as $3,320.00,
with the average rent median estimated to
be $1,510.00. The good news is that finding
an affordable and desirable property to rent in West Melbourne, FL
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
