Vero Beach Market Report for 32963 July 2025

The Vero Beach Real Estate Market Report for zip code 32963 in July 2025 shows that the real estate market was a Buyers Market both for single family homes and condos on the barrier island with fewer sales, anemic pending sales amid plenty of inventory. Sale prices remained steady for both single family homes and condos in July compared to June as buyers were still a little hesitant to commit to purchase.

In July, the Vero Beach real estate inventory continued to decrease 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 July 2025, the Vero Beach single-family homes market in 32963 was a Market with only a 10% Sales Ratio.
• There were 190 single family homes for sale on the island and 19 were sold in July 2025 and a decline of 46% in sales compared to June.
• The inventory (homes available for sale) in July 2025 declined by 15% compared to June. With somewhat reduced inventory and 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 months on the Vero Beach barrier island.
• Homes sold for a median of 90.98% of list price with an average of 136 Days on the Market (DOM) in July 2025, as we are seeing some price reductions and slower DOM to match the market dynamics as buyers continue to be a little hesitant to buy a home on the barrier island amid high listing prices.
• The most active price band for single family homes on the barrier island was for homes between $1,500,000 and $2,000,000, with only 5 sales and sales ratio of 16%.
• In July 2025 the median sales price for single-family homes slightly increased to $1,552,500 compared to June, mainly due to the sales of higher-priced homes.
• The most active market for single family homes on the island in July 2025 was the Central Beach area with 74 homes for sale, 4 Pending Sales, 8 sales, 9.4 months of remaining inventory (absorption rate) and a Buyers Market..

Vero Beach Market for Attached Homes/Condominiums in 32963

• There were 167 condos for sale on the island and only 10 were sold in July 2025.
• The Vero Beach condominium market in 32963 remained a Buyers Market with 10% Sales Ratio as buyers’ appetite for condos on the island was again weak.
• The inventory (condos available for sale) in July 2025 decreased compared to June but sellers continue to put their condos on the market.
• Condos sold for a median of 93.71% of list price as the average of the Days on the Market (DOM) was 91 days. Buyers looking for condos are very selective amid ample inventory to choose from and also price reductions.
• The most active price band was for condos priced between $1,000,000 and $2,000,000 , with 0nlt 2 sales and a sales ratio of only 8%
• The median sales price for attached homes (condominiums) in July 2025 slightly increased by 3% to $537,000 compared to June.
• The most active market for condos in July 2025 on the barrier island was the Central Beach area with 85 condos for sale, 3 Pending Sales, 8 sales and 10.6 months of remaining inventory (absorption rate) but a Buyers Market .

For a more comprehensive market analysis for a specific Vero Beach area or neighborhood in 32963 or any other zip code use the request form below.