$5,344 Closing Credit*
$450,000
1,636 SqFt
2 Beds
•2 Full Baths, 1 Partial
Brenda L Tucker, Listing Office: Vero Realty Advisors LLC
Is Vero Beach, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Vero Beach was a Seller's Market.
Key Takeaway
Vero Beach is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Vero Beach, FL
How much do homes in Vero Beach, FL cost?
Median Sold Price
$413,810
$237/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$33,881(+8.9%)
Key Takeaway
Homes in Vero Beach have sold for 8.9% more than they did a year ago.
Summary: The median home sold price in Vero Beach was $413,810 in November 2024, up 8.9% from last year, and the median price per square foot was $237.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $127.5K | $120K | -5.9% |
| 2 Bedrooms | $269.4K | $269.5K | 0.0% |
| 3 Bedrooms | $400.4K | $441.4K | +10.2% |
| 4 Bedrooms | $562.3K | $584.4K | +3.9% |
| 5+ Bedrooms | $650K | $865K | +33.1% |
Summary: Vero Beach housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.9%, 2 bedroom homes did not change, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 33.1%.
Median Sold Price Compared To Nearby Cities
| Vero Beach | $379.9K | $413.8K | +8.9% |
| Indian River Shores | $1.3M | $1.3M | -2.1% |
Housing Supply in Vero Beach, FL
How many homes are available in Vero Beach, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2,076 | 2,311 | +11.3% |
Summary: The Vero Beach real estate market had 2,311 homes for sale in November 2024, a 11.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 85 | 96 | +12.9% |
| 2 Bedrooms | 585 | 661 | +13.0% |
| 3 Bedrooms | 981 | 1,087 | +10.8% |
| 4 Bedrooms | 359 | 391 | +8.9% |
| 5+ Bedrooms | 66 | 76 | +15.2% |
Summary: The Vero Beach housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.9%, 2 bedroom homes increased by 13%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 15.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 234 | 184 | -21.4% |
Asking Price vs. Sold Price
128 Homes Were Sold
Under Asking
40 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Vero Beach, you may be able to get a good deal. 69.6% of homes here sold below asking price last month.
Summary: A total of 184 homes were sold or pending in Vero Beach in November 2024, down by 21.4% month-over-month. Of the 184 sold homes, 70% were sold under asking, 22% were sold at asking, and 9% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 69 Days | 90 Days | +31.3% |
Summary: Homes in Vero Beach had an average of 90 days on market in Nov 2024, up by 31.3% compared to last year.
Breakdown of Home Sale Times
48 Homes Were Sold
Under 30 Days
65 Homes Were Sold
In 30 - 90 Days
71 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Vero Beach are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 184 homes were sold in Vero Beach; 26% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 39% of homes were sold over 90 days.
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© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.