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The May 2025 numbers are surprising! It was good to be a condo seller last month in the zip code – not so much in the county as a whole. The overall Median Sales Price jumped 9% in the 32937 Zip Code to $530K and rose 3% to $370K on the Space Coast overall. The number of properties sold went up 20% for the Zip Code and 18% for the County. The average sales price per square foot went up 2% for the county and remained the same for the zip code. The average days on market dropped 6% in the county and 4% in the Zip Code. The number of properties for sale dropped 4% for the county and remained the same for the zip code. 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 increases in the median sales price of Single Family homes (2% and 8%, respectively). Townhomes/Condominiums moved in different directions. The median sale price dropped 10% in the county but rose 30% in the Zip Code.
The months of inventory are once again approaching a seller’s market for Single Family homes but are solidly in the buyer’s market territory for Condos and Townhomes.
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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CTMarket Trends for Jan 2024 – May 2025 _ flexmls Web Market Trends for Jan 2024 – May 2025 _ flexmls Web 
