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32948 housing market

ZIP code · Fellsmere · Indian River

The median sale price in ZIP code 32948 was $653K in May 2026, up 45.0% year over year, measured across homes that actually closed that month (Redfin). The twelve months through May 2026 averaged $533K, easing from $553K across the twelve months before that. That puts prices 4.7% below the strongest twelve-month stretch on record here, which ended in Jun 2025 at $559K. Zillow's home value index, which models the entire housing stock rather than only the homes that changed hands, reads $338K for Jun 2026, up 1.4% year over year.

Buyers had 16 homes to choose from in May 2026, up 77.8% year over year (Redfin). 8 homes came to market in May 2026, against 8 closings. Homes that sold in May 2026 took a median of 91.5 days to go under contract, 20 days faster than this market's usual May pace.

Sellers were asking a median of $635K in Jul 2026, down 21.0% year over year (Realtor.com). Asking prices and closing prices never describe the same homes, so the gap between them reads as seller expectation rather than a discount available to buyers: in May 2026 the list median ran 8.9% above the closing median.

ZIP code 32948 is a small market: 46 homes sold in the twelve months through May 2026. A single closing moves the monthly median here, so the averages above run over twelve months rather than three, and months-of-supply and bidding-competition readings are left to the charts below rather than summarized as a market verdict.

This page tracks 18 monthly housing series for ZIP code 32948 — median sale price, median list price, ZHVI home value, inventory (active), active listings, median days on market, and more — sourced from Realtor.com, Redfin, Zillow ZHVI, running from Aug 2016 through Jul 2026. Chart any of them below, switch between levels and year-over-year change, or add nearby Florida markets to compare side by side.

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Sources for 32948: Redfin · Realtor.com · Zillow ZHVI. Listing metrics and closed-sale metrics are never blended; every figure above names its source and vintage.