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The April 2025 numbers are, once again, interesting and mixed. As a reminder, for comparison purposes, these numbers are in relation to the average of the three months previous to April. The Median Sales Price dropped 20% in the 32937 Zip Code to $425K and stayed even at $363K on the Space Coast overall. The number of properties sold went up 25% for the Zip Code and 28% for the County. The average sales price per square foot went up 2% for the Zip Code and the county. The average days on market dropped 7% in the county and rose 19 to in the Zip Code. The number of properties for sale dropped 1% for the Zip Code and 3% for the county. Builders are still constructing single-family homes and condominiums in the area. There are numerous remodels and rebuilds going on as well.
The above numbers include both Single Family homes and Townhouses/Condominiums. Both the county and the zip code saw small increases in the median sales price of Single Family homes. The only significant change was that the number of properties sold went up by 29% in the county. Townhomes/Condominiums are a different story to some extent. The median sale price dropped only 4% in the county but 20% in the Zip Code. The number of properties sold increased 24% and 56%, respectively, in the county and the Zip Code. Average days on market diverged – dropping in the county as a whole but rising in 32937. The new laws affecting condos will likely continue to have an impact on the market. In the long run, condos will be sounder – both fiscally and structurally. 
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?
https://stevennatschke.cbfloridahomes.com/
321.473.4507
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