December 2024 Market Snapshot for Zip Code 32937

December prices fell somewhat, Median Sales Price went down 6% in the 32937 Zip Code to $475K and fell 4% to $358K on the Space Coast overall. The number of properties sold was up 1% for the Zip Code and 14% for the County.  The average sales price per square foot increased 19% for the Zip Code and dropped 4% for the county.  The average days on market rose 17% to 80 days in the Zip Code and was up 3% to 70 days in the county.  The number of properties for sale dropped by 7% both in the zip code and the county.  Builders are still constructing single-family homes and condominiums in the area.  There are numerous remodels and rebuilds going on as well.

If you read the fine print, you will notice that the Market Snapshots are compared to the average for the previous three months.  The graph labeled Price Trends depicts the median sales price by month from January 2023 through December 2024.  It includes all residential property, so the numbers are slightly different.  In any case, you can still see that there has been a generally upward trend in median sales prices in the county over the last 24 months.

The 32937 Zip Code is part of the Space Coast and consists of Satellite Beach, Indian Harbour Beach, and South Patrick Shores.  It is bounded by Patrick Space Force Base to the north, Eau Gallie Causeway to the south, the Atlantic Ocean to the East, and the Banana River to the west.

Let me know if you find this information useful.  What else would you like to know?