Vero Beach Market Report for 32963 February 2025

The Vero Beach Real Estate Market Report for zip code 32963 in February 2025 shows that the real estate market was a Buyers Market for Single Family homes but an Extreme Buyers Market for condos on the barrier island with more sales amid increased inventory. Sales for both single family homes and condos increased in February compared to January as was expected during the traditionally strong winter season. However buyers appetite for condos on the Vero Beach barrier island remains weak.

Vero Beach real estate sale prices increased for condos but declined for single family homes on the barrier island in January. Following are some statistics for this month.

Vero Beach Market for Single Family homes in 32963

• In February 2025, the Vero Beach single-family homes market in 32963 was a Buyers Market with 11% Sales Ratio.
• There were 279 single family homes for sale on the island and 31 were sold in February 2025.
• The inventory (homes available for sale) in December 2024 increased by 8% compared to January. As inventory is increasing, we may continue seeing more single family homes coming to the market as the winter season that is currently upon us with more sellers looking to take advantage of the influx of potential buyers looking for a place in Vero Beach.
• Homes sold for a median of 93.41% of list price with an average of 102 Days on the Market (DOM) in February 2025, another indication that the buyers were more selective in their buying process.
• The most active price band for single family homes on the barrier island was again for homes between $500,000 and $1,000,000, but with only 5 sales and sales ratio of 8%.
• In February 2025 the median sales price for single-family homes jumped by 30% to $1,410,000 compared to January as buyers targeting higher-priced homes .
• The most active market for single family homes on the island in February 2025 was the Central Beach area with 120 homes for sale, 34 Pending Sales, 11 sales, 10.9 months of remaining inventory (absorption rate) and a Buyers Market..

Vero Beach Market for Attached Homes/Condominiums in 32963

• There were 242 condos for sale on the island and only 12 were sold in February 2025.
• The Vero Beach condominium market in 32963 was again an Extreme Buyers Market with only 5% Sales Ratio as buyers’ appetite for condos on the island was again very weak.
• The inventory (condos available for sale) in February 2025 increased by 6% compared to January as sellers continue to unload of their condos amid increases in assessment fees due to latest legislation.
• Condos sold for a median of 97.44% of list price as the average of the Days on the Market (DOM) was 49 days. Buyers looking for condos are very selective amid plenty of inventory to choose from.
• The most active price band was for condos priced between $450,000 and $500,000 , with 3 sales and an anemic sales ratio of 12%
• The median sales price for attached homes (condominiums) in February 2025 declined by 5% to $657,500 compared to January as more lower-priced condos were purchased by the buyers this month.
• The most active market for condos in February 2025 on the barrier island was the Central Beach area with 116 condos for sale, 24 Pending Sales, 4 sales and 29 months of remaining inventory (absorption rate) and an Extreme Buyers 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.