Brevard County Home Values Experience Slight Decline Amid Shifting Market Dynamics

In July 2025, the median sales price for single-family homes in Brevard County was $354,985, reflecting a slight decrease from $365,000 in July 2024.

 

This 2.7% decline indicates a subtle shift in the local housing market.

 

The average sales price also experienced a minor dip, settling at $426,808 compared to $433,129 the previous year.

 

Homes in Brevard County are spending more time on the market, with an average of approximately 70 days before securing a contract.

 

This is a notable increase from the 64-day average observed in July 2024.

 

Such trends suggest a gradual move toward a more balanced market, providing buyers with increased opportunities and negotiating power.

 

Cash sales have seen a significant uptick, rising by 14.4% in June 2025 compared to the same month in 2024.

 

This surge underscores the continued interest from investors and cash-ready buyers in the Brevard County real estate market.

 

Inventory levels have also risen, with the months' supply of inventory reaching 4.6 months in June 2025, up from 4.1 months in June 2024.

 

This increase offers buyers a broader selection of properties and may lead to more competitive pricing strategies among sellers.

 

In the condominium and townhouse sector, the market has cooled more noticeably.

 

Closed sales in June 2025 were down by 14.5% compared to June 2024, and the median sales price decreased by 13.6% to $285,000.

 

Additionally, the months' supply of inventory for condos and townhouses increased to 8.8 months, up from 6.1 months the previous year.

 

These figures indicate a shift toward a buyer's market in this segment, with more options and less competition.

 

Overall, the Brevard County housing market is exhibiting signs of stabilization.

 

While single-family home prices have experienced modest declines, the increase in inventory and cash sales suggests sustained interest and activity.

 

Buyers may find more opportunities and negotiating power, while sellers should consider strategic pricing and marketing to attract potential buyers in this evolving landscape.