As we head into 2025, Brevard County’s real estate market is showing positive trends for both single-family homes and townhouses/condos, despite some challenges.

Single-Family Homes Market Trends

In January 2025, the market for single-family homes saw a slight uptick, with closed sales increasing by 0.5% (584 homes sold vs. 581 in January 2024). Cash sales also surged by 15.2%, signaling strong investor interest.
The median sales price for single-family homes rose 3.6%, reaching $385,000 compared to $371,583 in 2024. This reflects steady demand and rising home values in the area.Inventory increased by 26.5%, bringing the months’ supply of homes to 4.3 months, compared to 3.4 months a year ago. This gives buyers more options, but still maintains a competitive market. Notably, distressed sales continue to decrease, with foreclosure sales dropping by 33.3%, signaling a healthier market.

Townhouses/Condos Market Trends

The townhouse and condo market saw an even stronger performance. Closed sales rose by 9.8%, with 145 units sold, up from 132 in January 2024. Cash sales also grew by 8.2%, showing continued interest from investors.

However, the median sales price for townhouses/condos dipped by 4.9%, settling at $269,250 compared to $283,100 last year. This price drop may provide some affordability for buyers.The condo market also saw a significant 42.6% increase in inventory, pushing the months’ supply to 7.7 months.

This provides more options for buyers but also suggests a shift toward a more balanced market. Distressed sales were minimal, with only two foreclosure sales reported.

Looking Ahead

Overall, the Brevard County housing market in January 2025 reflects positive growth and stability, with more inventory, strong buyer demand, and fewer distressed sales.

The single-family home market remains competitive, while the townhouse/condo sector benefits from more options and affordable pricing.

As both markets continue to evolve, it’s a good time for buyers and sellers alike to explore opportunities in Brevard County!For more detailed insights, check out the full report here.