Vero Beach Mainland Market Report September 2024

The September 2024 Real Estate Market Report for Vero Beach Mainland shows that the market was a Balanced Market as sales increased slightly amid steady inventory as the summer season is coming to an end. However, sales prices declined this month but buyers’ appetite for Vero Beach homes on the mainland is still intact.

Sale prices has stabilized but slightly retreated this month from August, and we are seeing that 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 determine how the market will adjust moving forward. Following are some statistics for this month.

Vero Beach Mainland Real Estate Market Insights

• In September 2024, the Vero Beach Mainland was again a Balanced Market with a 18% Sales Ratio.
• There were 808 homes for sale on the mainland and 147 were sold in September 2024.
• The inventory (homes available for sale) in September 2024 slightly increased from August but sellers still seek the opportunity to list their homes amid steady buyers’ demand for homes on the mainland. As we expect a steady flow of new inventory coming to market in the fall, we may see an impact on the listing and sale prices.
• In September 2024, homes sold for a median of 96.17% 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 28 sales but with sales ratio of only 11%, as buyers are still targeting higher priced homes in Vero Beach mainland.
• In September 2024 the median sales price slightly decreased by 5% compared to August with median sale price of $355,000.
• The most active market in September 2024 was the Southeast County area with 275 homes for sale, 80 Pending Sales, 61 sales, 4.5 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.