BREVARD REAL ESTATE REPORT: Single-Family Home Listings Increase, Median Sales Price Up to $385,000

By Khumaer Bayas On Mar 13, 2025

home sales continue to feel the impact of mortgage rates, home prices and median incomes

Brevard County’s housing market kicked off 2025 with an increase in new listings and higher inventory levels compared to last year. Overall, home sales continue to feel the impact of mortgage rates, home prices and median incomes.

BREVARD COUNTY, FLORIDA – Brevard County’s housing market kicked off 2025 with an increase in new listings and higher inventory levels compared to last year.

Overall, home sales continue to feel the impact of mortgage rates, home prices and median incomes.

However, the previous inventory limitations are gradually easing, presenting more opportunities for many homebuyers, who have been waiting on the sidelines due to the boost in new listings and increased for-sale inventory across the county.

“The current trends in Brevard County present a dynamic landscape for buyers and sellers.

“It’s a time of shifting opportunities, where expert guidance can make all the difference in navigating market changes effectively,” said Nikki McCoy Freeman of McCoy Freeman Compass.

“The current trends in Brevard County present a dynamic landscape for both buyers and sellers. It’s a time of shifting opportunities, where expert guidance can make all the difference in navigating market changes effectively” says Nikki McCoy Freeman of McCoy Freeman Compass.

Brevard County Residential Real Estate Market Update: January 2025

Market Stability and Growth Closed sales in January 2025 saw a modest increase of 0.5%, with 584 units closed compared to 581 in the previous year. This growth, coupled with a 3.6% rise in the median sales price to $385,000, underscores a stable demand and appreciation in home values.

Stronger Cash Buyer Presence A significant 15.2% increase in cash sales indicates rising investor interest and confidence among cash buyers, potentially contributing to the competitive nature of the market.

More Inventory, More Choices The market experienced a 9.6% increase in new listings alongside a 26.5% rise in inventory, bringing the months’ supply to 4.3, up from 3.4 months in January 2024. This expansion offers buyers more options and helps maintain a balanced market environment.

Increased Inventory in Single-Family Homes The months’ supply of inventory for single-family homes has increased by 26.5% to 4.3 months from 3.4 months in January 2024. This growth in inventory provides potential homebuyers with more opportunities and choices in their search for a new home.

Brevard County Townhouses/Condos Market Overview: January 2025

Increased Sales Activity Closed sales surged by 9.8%, with 145 units sold compared to 132 the previous year. An 8.2% increase in cash sales further highlights the ongoing interest from investors and second-home buyers.

More Inventory, More Options New listings rose by 11.5%, and the months’ supply of inventory jumped 42.6% to 7.7 months, up from 5.4 months in January 2024. This substantial increase in inventory provides buyers with a wide array of choices and contributes to a balanced market.

Dip in Prices The median sales price decreased by 4.9% to $269,250, offering more affordability and encouraging market activity.

ABOUT THE AUTHOR

Bobby Freeman, center, Jennifer McCoy, right, and Nikki McCoy-Freeman are family owners of the McCoy-Freeman Real Estate Group on Florida’s Space Coast. Together they have more than 40 years of extensive experience in all aspects of the real estate industry, have sold over $420 million and are ranked in the top 1% of all Florida Realtors.

Bobby Freeman, a lifetime resident of Brevard County, has been a top Realtor in the area for over two decades. Freeman received a Rising Star award from his Brokers in his first year as an agent. Since then, he has achieved numerous sales awards from some of the largest real estate firms in the world.

Freeman, Jennifer McCoy and Nikki McCoy-Freeman are family owners of the McCoy-Freeman Real Estate Group on Florida’s Space Coast. Together, they have over 40 years of extensive experience in all aspects of the real estate industry, have sold over $420 million, and are ranked in the top 1% of all Florida Realtors.

Among McCoy-Freeman Group’s achievements are being Certified Luxury Home Marketing Specialist (CLHMS), Certified Distressed Property Expert (CDPE), Accredited Buyer’s Representative (ABR), and voted Best Realtor in Brevard County. The group has been featured in many news publications, including CNN Money Magazine, CNNMoney.com, WFTV 9 News, News 13, WKMG News 6, Coastal Condo Living Magazine, Hot Retirement Towns Magazine, and SpaceCoastDaily.com.

For more information, log on to BrevardRealtyConnection.com

TO SEE CONDO LISTINGS, LOG ON TO CocoaBeachCondoGallery.com

CLICK HERE FOR BREVARD COUNTY NEWS

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