Vero Beach Market Report for 32963 January 2025

The Vero Beach Real Estate Market Report for zip code 32963 in January 2025 shows that the real estate market remained an Extreme Buyers Market for Single Family homes and for condos on the barrier island but with more sales amid increased inventory. Sales for both single family homes and condos increased in January compared to December. However buyers appetite for homes 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 January 2025, the Vero Beach single-family homes market in 32963 remained an Extreme Buyers Market with only 7% Sales Ratio.
• There were 258 single family homes for sale on the island and only 17 were sold in January 2025.
• The inventory (homes available for sale) in December 2024 increased by 18% compared to December. While inventory is increasing, the winter season that is currently upon us with more buyers looking for a place in Vero Beach, we may continue seeing more single family homes coming to the market.
• Homes sold for a median of 94.55% of list price with an average of 61 Days on the Market (DOM) in January 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 7 sales and sales ratio of 17%.
• In January 2025 the median sales price for single-family homes declined by 34% to $1,084,300 compared to December .
• The most active market for single family homes on the island in January 2025 was the Central Beach area with 113 homes for sale, 30 Pending Sales, 8 sales, 14.1 months of remaining inventory (absorption rate) and an Extreme Buyers Market..

Vero Beach Market for Attached Homes/Condominiums in 32963

• There were 228 condos for sale on the island and only 8 were sold in January 2025.
• The Vero Beach condominium market in 32963 was again an Extreme Buyers Market with only 4% Sales Ratio as buyers’ appetite for condos on the island was again very weak.
• The inventory (condos available for sale) in January 2025 increased by 30% compared to December as sellers continue to unload of their condos amid increases in assessment fees due to latest legislation.
• Condos sold for a median of 97.04% of list price as the average of the Days on the Market (DOM) was 116 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 $800,000 and $1,000,000 , with 2 sales and an anemic sales ratio of 4%
• The median sales price for attached homes (condominiums) in January 2025 jumped by 36% to $692,500 compared to December as more higher-priced condos were purchased by the buyers this month.
• The most active market for condos in January 2025 on the barrier island was the Central Beach area with 117 condos for sale, 18 Pending Sales, 3 sales and 39 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.