Vero Beach Mainland Market Report April 2024

The April 2024 Real Estate Market Report for Vero Beach Mainland shows that the market is again a Slight Sellers Market and buyers were again active this month as the interest rates have stabilized, more inventory became available, and the 2024 winter season came to an end. As slightly more inventory came into the market the buyers’ appetite for Vero Beach homes on the mainland remained intact. We’ll assess the market next month to determine the market’s strength moving forward.

Sale prices continue to stabilize and remained at the same level as last and the elevated prices may continue to affect sales. We still need to see whether the end of the winter season will play a role in demand and sale prices. Following are some statistics for this month.

Vero Beach Mainland Real Estate Market Insights

• In April 2024, the Vero Beach Mainland was again a Slight Sellers Market with a 24% Sales Ratio.
• There were 832 homes for sale on the mainland and 203 were sold in April 2024.
• The inventory (homes available for sale) in April 2024 slightly increased from March as sellers still see the opportunity amid buyers’ demand for Homes on the mainland. . The steady flow of new inventory may keep listing and sale prices steady for a while.
• In April 2024, homes sold for a median of 97.32% of list price, at slightly higher level than last month as buyers were active this month.
• The most active price band for Vero Beach Mainland homes was again homes priced from $500,000 to $1,000,000, with 47 sales but with sales ratio of only 20%, as buyers are still targeting higher priced homes in Vero Beach mainland.
• In April 2024 the median sales price remained at the same compared to March with median price of $385,000.
• The most active market in April 2024 was the Central County area with 303 homes for sale, 112 Pending Sales, 71 sales, 4.3 months of remaining inventory (absorption rate) and a Sellers Market.

For a more comprehensive market analysis for a specific Vero Beach area or neighborhood on the Mainland or any other zip code use the request form below.