Vero Beach Market Report for 32963 May 2025

The Vero Beach Real Estate Market Report for zip code 32963 in May 2025 shows that the real estate market remained a Buyers Market for condos but became an Extreme Buyers Market for Single Family homes on the barrier island with fewer sales amid plenty of inventory. Sale prices increased for both single family homes and condos in May compared to April but hesitant to commit to purchase.

In May, the Vero Beach real estate inventory slightly decreased 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 May 2025, the Vero Beach single-family homes market in 32963 became an Extreme Buyers Market with only 8% Sales Ratio.
• There were 254 single family homes for sale on the island and only 21 were sold in May 2025.
• The inventory (homes available for sale) in May 2025 slightly declined compared to April. With steady inventory and some buyers still interested in homes on the island, we will most probably continue seeing more single family homes coming to the market in the coming on the Vero Beach barrier island.
• Homes sold for a median of 94.04% of list price with an average of 106 Days on the Market (DOM) in May 2025, as buyers continue to be a little hesitant to buy a home on the barrier island amid some price reductions.
• 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 4 sales and sales ratio of 7%.
• In May 2025 the median sales price for single-family homes slightly increased to $1,305,000 compared to April.
• The most active market for single family homes on the island in May 2025 was the Central Beach area with 109 homes for sale, 23 Pending Sales, 9 sales, 12.1 months of remaining inventory (absorption rate) but still a Buyers Market..

Vero Beach Market for Attached Homes/Condominiums in 32963

• There were 223 condos for sale on the island and 26 were sold in May 2025.
• The Vero Beach condominium market in 32963 remained a Buyers Market with 12% Sales Ratio as buyers’ appetite for condos on the island was again weak.
• The inventory (condos available for sale) in May 2025 slightly decreased compared to April but sellers continue to put their condos on the market.
• Condos sold for a median of 94.51% of list price as the average of the Days on the Market (DOM) was 100 days. Buyers looking for condos are very selective amid ample inventory to choose from.
• The most active price band was for condos priced between $800,000 and $1,000,000 , with 64sales and a sales ratio of only 9%
• The median sales price for attached homes (condominiums) in May 2025 jumped by 51% to $735,000 compared to April as more higher-priced condos were purchased by the buyers this month.
• The most active market for condos in May 2025 on the barrier island was the Central Beach area with 101 condos for sale, 21 Pending Sales, 15 sales and 6.7 months of remaining inventory (absorption rate) and a Balanced Market .

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