Is Vero Beach, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$390,140
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Vero Beach was $390,140 in April 2024, up 10.4% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $135.9K | $125K | -8.0% |
2 Bedrooms | $250K | $264.9K | +6.0% |
3 Bedrooms | $360K | $400.7K | +11.3% |
4 Bedrooms | $545K | $586.2K | +7.6% |
5+ Bedrooms | $675K | $765K | +13.3% |
Summary: Vero Beach housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 13.3%.
Housing Supply in Vero Beach, FL
How many homes are available in Vero Beach, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,032 | 1,099 | +6.5% |
Summary: The Vero Beach real estate market had 1,099 homes for sale in April 2024, a 6.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 42 | 47 | +11.9% |
2 Bedrooms | 247 | 271 | +9.7% |
3 Bedrooms | 513 | 539 | +5.1% |
4 Bedrooms | 184 | 202 | +9.8% |
5+ Bedrooms | 46 | 40 | -13.0% |
Summary: The Vero Beach housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.9%, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes decreased by 13%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
140 | 162 | +15.7% |
Asking Price vs. Sold Price
129 Homes Were Sold
Under Asking
26 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 162 homes were sold or pending in Vero Beach in April 2024, up by 15.7% month-over-month. Of the 162 sold homes, 80% were sold under asking, 16% were sold at asking, and 4% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
40 Days | 61 Days | +50.6% |
Summary: Homes in Vero Beach had an average of 61 days on market in Apr 2024, up by 50.6% compared to last year.
Breakdown of Home Sale Times
72 Homes Were Sold
Under 30 Days
52 Homes Were Sold
In 30 - 90 Days
38 Homes Were Sold
Over 90 Days
Summary: During April 2024, 162 homes were sold in Vero Beach; 44% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.