Is Vero Beach, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Vero Beach was a Seller's Market.
Housing Prices in Vero Beach, FL
How much do homes in Vero Beach, FL cost?
Median Sold Price
$392,383
$235/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Vero Beach was $392,383 in May 2024, up 9% from last year, and the median price per square foot was $235.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $132.5K | $125K | -5.7% |
2 Bedrooms | $250K | $265K | +6.0% |
3 Bedrooms | $364.9K | $405.1K | +11.0% |
4 Bedrooms | $530K | $600K | +13.2% |
5+ Bedrooms | $615K | $849.5K | +38.1% |
Summary: Vero Beach housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.7%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 11%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes increased by 38.1%.
Median Sold Price Compared To Nearby Cities
Vero Beach | $359.9K | $392.3K | +9.0% |
Indian River Shores | $1.5M | $1.5M | -0.4% |
Housing Supply in Vero Beach, FL
How many homes are available in Vero Beach, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1,045 | 1,097 | +5.0% |
Summary: The Vero Beach real estate market had 1,097 homes for sale in May 2024, a 5.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 40 | 39 | -2.5% |
2 Bedrooms | 260 | 277 | +6.5% |
3 Bedrooms | 520 | 550 | +5.8% |
4 Bedrooms | 191 | 196 | +2.6% |
5+ Bedrooms | 34 | 35 | +2.9% |
Summary: The Vero Beach housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 2.5%, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 2.9%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
177 | 143 | -19.2% |
Asking Price vs. Sold Price
102 Homes Were Sold
Under Asking
32 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 143 homes were sold or pending in Vero Beach in May 2024, down by 19.2% month-over-month. Of the 143 sold homes, 71% were sold under asking, 22% were sold at asking, and 6% were sold over asking.
Days on Market for Vero Beach, FL
How long does it take to sell a home in Vero Beach, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
45 Days | 54 Days | +18.2% |
Summary: Homes in Vero Beach had an average of 54 days on market in May 2024, up by 18.2% compared to last year.
Breakdown of Home Sale Times
71 Homes Were Sold
Under 30 Days
48 Homes Were Sold
In 30 - 90 Days
24 Homes Were Sold
Over 90 Days
Summary: During May 2024, 143 homes were sold in Vero Beach; 50% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.