Brevard County Home Prices Drop: What It Means for Buyers in 2025

Vero Beach, FL, USA - With the sun beating down and summer upon us, the Brevard County real estate market is witnessing interesting trends worth examining. As of May 2025, the median home price in this vibrant area stands at $389,000, a slight dip from the previous month’s $389,825, according to Florida Today. This marks a 2% decrease from the $399,000 recorded in May 2024, offering potential buyers intriguing prospects in a shifting market.

Brevard’s median home size, hovering around 1,726 square feet, averages a price of $235 per square foot, a modest decline of 1.1% since last year. The market seems to be taking its time, with listings averaging 65 days on the market—longer than the national average of 51 days. Early indicators suggest a cooling trend, as new listings have decreased significantly, with 1,280 homes making it to market this May, down 14.1% from last year.

Sales Trends and Buyer Dynamics

Taking a deeper dive into the sales aspect, Redfin reports that the median sale price in Brevard County is reaching $365,000, reflecting a slight decline of 0.14% year-over-year. Properties are selling through an average of 71 days on the market—a bit more than the 61 days seen last year. Interestingly, 12.0% of homes sold last month fetched prices above their listings, which is an increase—indicating that there’s still a demand for certain sought-after properties.

However, sellers need to take note: nearly 36.4% of homes experienced price drops, a growing trend compared to last year. The sale-to-list price ratio currently stands at 97.0%, a small pull back, emphasizing that while buyers are out there, they’re becoming increasingly judicious in their choices.

Environmental Considerations and Risks

Beyond the numbers, potential buyers should heed the environmental warnings in Brevard County. The area faces notable risks: about 29% of properties are at risk of severe flooding, while a staggering 73% are under threat from wildfires in the next three decades. Not to be overlooked, 100% of properties are flagged as being at extreme risk for severe wind events—and 99% face extreme heat variations, with predictions pointing to a 214% increase in days exceeding 106°F. As homes are bought and sold, these factors are critical to consider for long-term investment viability.

The real estate scene in Brevard is in flux, and as the summer heats up, so does the anticipation. Will prices stabilize or take another dip? One thing is certain: potential homebuyers may want to keep their eyes peeled on the market trends as they navigate their next big decisions.

For those wanting to make sense of the shifting landscape, more extensive data can be gleaned from the Rocket Homes reports, which provide a broad range of statistics and insights into the local market. It always helps to be well-informed and have a finger on the pulse!