Brevard County Housing Market Update – April 2025

If you’ve been keeping an eye on the real estate market in Brevard County, you’ve likely noticed some shifts. The April 2025 housing statistics for both single-family homes and condos/townhouses show that the Space Coast is moving into a more balanced market after years of strong seller momentum.

Here’s a detailed look at what’s happening in Brevard’s residential market this spring.

Brevard County Single-Family Homes – April 2025 Snapshot

According to the Brevard County Residential Housing Report, the single-family home market saw a cooling trend in April:

• Closed Sales: Down 6.7% (964 units sold vs. 1,033 in April 2024)

• Cash Sales: Down 13.5%

• New Pending Sales: Down 6.7%

• New Listings: Down slightly at -0.7%

• Median Sales Price: Down 2.3% to $375,000 (from $384,000 in April 2024)

• Months' Supply of Inventory: Up 27.8% to 4.6 months (vs. 3.6 months in 2024)

Other Notable Figures:

• Traditional Sales: Down 6.6%, with a median sales price of $376,600

• Foreclosure/REO Sales: Down 22.2%, with 7 closed sales and a median price of $263,006

• Short Sales: Just 1 closing, with a median price of $650,000

What This Means for Buyers and Sellers:
The Brevard County single-family housing market is no longer red-hot—but that doesn’t mean it’s in trouble. Increased inventory and fewer bidding wars offer buyers more negotiating power. For sellers, realistic pricing and patience are now key to a successful sale.

Brevard County Townhouses & Condos – April 2025 Snapshot

The townhouse and condo market is experiencing a more pronounced slowdown compared to single-family homes:

• Closed Sales: Down 14.5% (213 units vs. 249 in April 2024)

• Cash Sales: Down 24.7%

• New Pending Sales: Down 27%

• New Listings: Down 12.3%

• Median Sales Price: Down 13.6% to $285,000 (from $330,000)

• Months' Supply of Inventory: Up 44.3% to 8.8 months (from 6.1 months)

Other Notable Figures:

• Traditional Sales: Down 14.1%, median price at $285,000

• Foreclosure/REO Sales: 0 closed sales

• Short Sales: 0 closed sales

What This Means:
The condo and townhouse segment in Brevard is seeing a more dramatic correction. Rising inventory and declining prices are good news for buyers looking for affordability and flexibility. Sellers may need to be strategic—highlighting property condition, location, and offering competitive pricing to attract interest.

Final Thoughts: A Market in Transition

April 2025 confirms that Brevard County's real estate market is shifting toward balance. While we’re not seeing a crash, we are seeing longer time on market, moderating prices, and more inventory across the board. This environment can benefit serious buyers ready to make a move and sellers willing to adapt to current conditions.

Whether you're buying, selling, or just keeping tabs on the local housing market, staying informed is the first step.

If you're curious about what this market means for your real estate goals, I'm here to help.