Vero Beach Market Report for 32963 April 2025

The Vero Beach Real Estate Market Report for zip code 32963 in April 2025 shows that the real estate market was a Buyers Market for both Single Family homes and condos on the barrier island but with fewer sales and ample inventory. Sales for both single family homes and condos increased in April compared to March as buyers were active before the winter season ends.

In April, the Vero Beach real estate sale prices declined for both single family homes and condos on the barrier island. Following are some statistics for this month.

Vero Beach Market for Single Family homes in 32963

• In April 2025, the Vero Beach single-family homes market in 32963 was again a Buyers Market with only 13% Sales Ratio.
• There were 276 single family homes for sale on the island and 36 were sold in April 2025.
• The inventory (homes available for sale) in April 2025 remained at almost the same compared to March. With steady inventory, we may continue seeing more single family homes coming to the market as the winter season is ending as sellers are looking to take advantage of the number of potential buyers looking for a place in Vero Beach.
• Homes sold for a median of 94.10% of list price with an average of 125 Days on the Market (DOM) in April 2025, as buyers continue to be a little hesitant to buy a home on the barrier island.
• The most active price band for single family homes on the barrier island was for homes between $500,000 and $1,000,000, with only 8 sales and sales ratio of 13%.
• In April 2025 the median sales price for single-family homes decreased by 21% to $1,257,500 compared to March as buyers were targeting lower-priced homes .
• The most active market for single family homes on the island in April 2025 was the Central Beach area with 116 homes for sale, 25 Pending Sales, 17 sales, 6.8 months of remaining inventory (absorption rate) and a Balanced Market..

Vero Beach Market for Attached Homes/Condominiums in 32963

• There were 251 condos for sale on the island and 24 were sold in April 2025.
• The Vero Beach condominium market in 32963 was again a Buyers Market with only 10% Sales Ratio as buyers’ appetite for condos on the island was again weak.
• The inventory (condos available for sale) in April 2025 remained at the same level compared to March as sellers continue to put their condos on the market.
• Condos sold for a median of 95.65% of list price as the average of the Days on the Market (DOM) jumped to 95 days. Buyers looking for condos are very selective amid ample inventory to choose from.
• The most active price band was for condos priced between $450,000 and $500,000 , with 6 sales and a sales ratio of 29%
• The median sales price for attached homes (condominiums) in April 2025 declined by 48% to $486,500 compared to March as more lower-priced condos were purchased by the buyers this month.
• The most active market for condos in April 2025 on the barrier island was the Central Beach area with 111 condos for sale, 28 Pending Sales, 14 sales and 7.9 months of remaining inventory (absorption rate) and a Balanced Market .

For a more comprehensive market analysis for a specific Vero Beach area or neighborhood in 32963 or any other zip code use the request form below.