The Daley Group

Vero Beach, FL 32963

Single-Family Homes

The Daley Group at Douglas Elliman / 3001 Ocean Drive, Vero Beach FL 32963



Vero Beach, FL 32963

Thu Mar 28 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. Click here to stay informed with the Vero Beach market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

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.

Vero Beach, FL 32963

Thu Mar 28 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. Click here to stay informed with the Vero Beach market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

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.

Real-Time Market Profile

Never miss important changes in the Vero Beach market.
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

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

Market Segments

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