Vero Beach Mainland Market Report October 2024

The October 2024 Real Estate Market Report for Vero Beach Mainland shows that the market remains a Balanced Market with fewer sales and steady inventory as sellers are preparing for the winter season and hoping for strong buyer demand. Amid steady listing and sale prices in October, buyers’ appetite for Vero Beach homes on the mainland remains intact.

Sale prices have stabilized but slightly retreated this month from September, as the elevated prices have affected and may continue to impact sales. We need to see a stronger action the next few months in anticipation for the winter season, which will determine how the market will adjust in 2025. Following are some statistics for this month.

Vero Beach Mainland Real Estate Market Insights

• In October 2024, the Vero Beach Mainland was again a Balanced Market with a 15% Sales Ratio.
• There were 856 homes for sale on the mainland and 132 were sold in October 2024.
• The inventory (homes available for sale) in October 2024 slightly increased from September as sellers seek the opportunity to list their homes amid steady buyers’ demand for homes on the mainland. We should expect a steady flow of new inventory coming to market in the coming months in preparation for the traditionally strong winter season.
• In October 2024, homes sold for a median of 96.79% of list price, at slightly higher level than last month as buyers are still active.
• The most active price band for Vero Beach Mainland homes was again homes priced from $500,000 to $1,000,000, with 30 sales but with sales ratio of only 11%, as buyers are still targeting higher priced homes in Vero Beach mainland.
• In October 2024 the median sales price slightly decreased by 1% compared to September with median sale price of $350,000.
• The most active market in October 2024 was the Southeast County area with 279 homes for sale, 68 Pending Sales, 54 sales, 5.2 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.