Our spring market is kicking in, and we are seeing some interesting numbers across the Space Coast. Inventory is trending down across the county. Sales are trying to break the declining trend we have been seeing since 2021. An interesting trend I see from April’s numbers is what’s happening Beachside with the condo market.
Condo sales are up in Cocoa Beach & Cape Canaveral over last year. This is impressive when you keep in mind that 25 condo sales from the 1st quarter of 2025 were from the Surf condos. This is the best 3 month run we have seen in over a year. The average and median sales price had a slight uptick this month, too. If you are thinking, “Did I miss an opportunity to get a good price on a beachside condo?”…not at all. Even though sales are trending up this spring, we still have a large selection of condos on the market. Even with our active inventory being 20% lower than last April…there’s still over 280 active listings for you to choose from.
To stay on the trend of what’s happening beachside, single family homes sales are also trending up in the Cocoa Beach area. April was the best month of home sales since October 2020, with 22 sales. Even though it might seem strange that I am excited to see 22 home sales, we have had a lot of single digit home sales the last few years. Really, going back to the pre-pandemic numbers, we only averaged 12-13 home sales a month in 2017-2019 and only broke 20 home sales once in that timeframe. Average and median sales prices in the Cocoa Beach area are similar to last year and still up there in value. The truth about tracking this number is how much these numbers fluctuate because we are dealing with a small data pool. While the average sales price is often over $900K, we are seeing more homes come on the market priced under $500,000.
Cocoa Beach & Cape Canaveral
Condos
| A: Price range $74.9K- $1.450M | S: Price Range $122K- $1.275M |
Active inventory 284
Sold condos 48
Months supply 5.92 Months
Average Price $435,367 2025 $423,140
Median Price $382,500 2025 $377,000
Average price per square foot $301.89
Days On Market 117.1
Condos selling under $200K 6
Single Family Homes
| A: Price range $599K- $3.950M | S: Price Range $450K-$2.4M |
Active inventory 49
Sold homes 22
Months supply 2.22
Average Price $1,007,918 2025 $1,046,785
Median Price $852,500 2025 $820,000
Average price per square foot $464.40
Days On Market 60.95
Homes selling under $600K 4
Homes selling over $1M 7
You have heard me mention it in past videos, the best selling zip code is the 32940, which is the Viera/Suntree area. They dropped a notch in March but are back on top with April sales. There is a lot of new construction here. The resale market is also very strong. Viera is essentially the center of Brevard County, making it a good area to live in, whether you are working at the Space Center, the Melbourne tech corridor, or stationed at Patrick. The Viera area sales have been exceptionally strong to start 2026. Single family home sales for the area are the best we have seen since 2021. The new communities are always seen in the top ten for the Viera area & 5 of the 10 are offering new homes. What really jumped out to me this month is that 4 of the top 10 selling communities in Viera/Suntree are 55+ communities. Looks like the retirees or future retirees are making a move.
Viera/Suntree Area
Single Family Homes
| A: Price range $289K – $5.5M | S: Price Range $210K-$3.8M |
Active inventory 249
Sold homes 112
Months supply 2.22
Average Price $647,094 2025 $646,636
Median Price $540,250 2025 $592,380
Average price per square foot $272.00
Days On Market 58.68
Homes selling under $500K 48
Homes selling over $1M 12
Brevard County
Active inventory 4643
Sold Property 1155
Months Supply 4.02 months
Average Price $432,469 2025 $427,390
Median Price $350,000 2025 $360,000
List/Sale ratio 93.3%
Average price per SqFt $235.68 SqFt
Days On Market 68.10
Property selling in less than 7 days 235 (20.35 % of the sales)
Property selling over $1M 55
Highest price sale $3.8M Adelaide in West Viera
Home sales under $200K 47
Looking at the market as a whole, inventory is down slightly since January and holding in the mid 4600s. This is down 16% from last April. Part of the reason for the drop in our inventory is that we are having fewer properties come onto the market. Our sales are about even with 2025 right now, even though our April was just OK with 1155 closings in the Space Coast MLS. We will see if 2026 is the year that changes the declining market trend.
The average sales price was up slightly over last year. Looking at the numbers the last few years for the county, you can see some similarities with 2022 & 2023, especially with the median sales price.
The interest rates are up slightly from where they were in February, but they seem to be holding in the low 6’s…which has been the new norm for the last 3 +/- years.
Some things both Buyers and Sellers need to be aware of are the concessions being used at closing. 32% of the April sales had a Seller to Buyer concession. The average was $7,993. On average, the list to sell ratio was 93%. Some good negotiations are happening right now.
We are in the middle of our Spring/Summer market. You can see that even though we are nowhere near the craziness of 2020-2022, we have a steady, manageable housing market right now. If you have questions about these stats or would like to make a move in 2026, we should talk to put your plan in place for when you enter our housing market.
Eric Larkin is a Broker Associate with Real Broker, LLC. He lives, works, and plays in the Cocoa Beach area. If you have questions about moving or relocating to Cocoa Beach and the Space Coast, let me know! I get calls, texts, direct messages & comments on my posts every day about the real estate market and things that are happening in Cocoa Beach and the Space Coast that I love answering. Ask me your questions on moving, relocating here, or anything about the community. I am here to help. I have been helping buyers and sellers with their real estate needs since becoming a real estate agent in 2003. My focus is always on helping, answering your questions, and doing everything possible to make certain you have a smooth transaction from beginning to end.
Planning a move or have questions about our area? Eric Larkin with Real Broker, LLC can help! Schedule a call here https://www.ericlarkin.com/schedule-a-call
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