Single-Family Homes
Fri Mar 29 2024
This week the median list price for Vero Beach, FL 32963 is $1,800,000 with the market action index hovering around 27. This is about the same as last month's market action index of 27. Inventory has increased to 222.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Median List Price | $1,800,000 | |
Median Price of New Listings | $947,000 | |
Per Square Foot | $629 | |
Average Days on Market | 113 | |
Median Days on Market | 63 | |
Price Decreased | 42% | |
Price Increased | 2% | |
Relisted | 16% | |
Inventory | 222 | |
Median Rent | ||
Market Action | 27 | |
Slight Buyer's Advantage |
Home sales have been exceeding new inventory for several weeks. Since this is a Buyer’s market, prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller’s zone, and we are likely to see upward pressure on pricing.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$4,995,000 | 4,667 | 0.5 - 1 acre | 4 | 4.5 | 25 | 2 | 3 | 77 |
$2,378,000 | 3,156 | 0.25 - 0.5 acre | 3 | 3.5 | 21 | 6 | 3 | 56 |
$1,552,500 | 2,687 | 0.25 - 0.5 acre | 3 | 3 | 34 | 1 | 2 | 73 |
$944,500 | 2,269 | 0.25 - 0.5 acre | 3 | 2.5 | 28 | 13 | 5 | 56 |