Indian River County Real Estate Market Update for September 2026

Indian River County saw the biggest drop in homes for sale on the Treasure Coast this year. About a quarter fewer homes are listed than a year ago, sales are up a little, and homes are selling more than two weeks faster. Prices are holding steady. If you’ve been waiting for the right time to sell in Vero Beach or Sebastian, the numbers have moved in your favor.

Every number here comes from Beaches MLS, the shared database local agents use to track every home listed and sold. I’m comparing September 2026 with September 2025. The county-wide numbers include every kind of home together. The single family and condo sections look at each type on its own. If any term here is new to you, my guide to reading a market report [GUIDE LINK] explains each one in plain language.

A Quarter Fewer Homes for Sale

Indian River County had 906 homes for sale in September, down from 1,204 a year ago. Fewer owners are listing. So far this year, 2,393 new listings have come on the market, compared with 2,778 by this point last year, a drop of almost 14%.

Months of supply, which the MLS calls the absorption rate, fell from 7.89 to 5.34. That measures how long it would take to sell every home on the market at this year’s pace of sales. It’s the biggest drop of the three Treasure Coast counties, and it moved Indian River from a market that favored buyers to one that’s close to balanced.

Sales Are Up for the Year

Closed sales in September were down about 12%, at 150. That’s one month. The bigger picture is better. So far this year, 1,536 homes have sold, up about 4% from 1,474 last year. Pending sales in September were up 6%, and for the year, pendings are up almost 7%.

Homes Are Selling Faster

The typical home that sold in September took 46 days from its first listing, compared with 63 days a year ago. That count keeps going even if a home was taken off the market and relisted, so it’s a realistic picture of what sellers experienced.

Prices Are Steady

The median sale price was $367,500 in September, up about 2% from $360,000. For the year to date, the median is $385,000, about 1% lower than last year’s $389,450. Prices aren’t climbing, but they aren’t falling in any meaningful way either.

The average sale price was $579,609, up almost 16%. That’s more than $200,000 above the median, and it’s why I don’t use the average to describe what a typical home sells for. A smaller number of high-end sales pull the average up, and those sales can change a lot from one month to the next. The median is the middle sale, with half selling for more and half for less.

Single Family Homes in Indian River County

The median single family home sold for $406,000 in September, up about 6% from $382,500 a year ago and close to the $410,000 median from September 2024. Single family listings are down about 20% from last year.

On average, single family homes sold for 96.7% of their final list price and 93.4% of the price they were first listed at, both a little better than a year ago. On a home first listed at $400,000, 93.4% works out to about $373,600. The difference between the original and final list price comes mostly from price reductions, so sellers who price right from the start tend to keep more.

The typical single family home sold in 46 days from its first listing, down from 55.

Condos, Townhomes, Villas, and Manufactured Homes

This group improved more than any other in this month’s reports. The MLS groups condos, townhomes, villas, and manufactured and mobile homes together in its reports, so I do too.

The typical property in this group sold in 62 days from its first listing, compared with 102 days a year ago. That’s almost six weeks faster. Sellers also kept more of their asking price. They sold for 90.8% of the original list price on average, up from 86.6%. On a condo first listed at $300,000, that’s the difference between about $260,000 last year and about $272,000 this year.

There are also about 28% fewer listings in this group than a year ago. Even so, side by side with single family homes, there’s about 43% more supply in this group for every home that sells, so buyers do have choices.

Indian River had only 31 sales in this group in September, so a single month’s median price doesn’t say much. The September median was $238,000. If you own a condo or townhome here and want to know what it’s worth, I’d look at recent sales in your own community rather than the county number.

A Different Story Than St. Lucie

In St. Lucie County, just to the south, the same group of properties went the other way this year. The median time on the market rose from 79 days to 87, and sellers got 88.8% of their original asking price. The condo market on the Treasure Coast is not one market, and where your building is matters.

Your Price Range Changes the Picture

The county’s 5.34 months of supply is an average across all price ranges. Here’s how it breaks down, which I worked out from the MLS sales and listings in each price range, the same way the overall number is figured.

Under $500,000, supply is tight, at well under five months. About two out of three sales in the county this year happened in that range, and the $350,000 to $399,999 range has been the busiest, with 221 sales so far. Above $500,000, there’s closer to seven months of supply, so buyers in that range have more to choose from and more room to negotiate.

What This Means If You’re Selling in Indian River County

This is a better market for sellers than it was a year ago, especially under $500,000. There’s much less competition, homes are selling faster, and single family homes are selling closer to asking than they were last year. If you own a condo or townhome, the improvement has been even bigger.

Price still matters. Single family homes sold for 93.4% of their original asking price on average, and the gap between original and final price comes mostly from price reductions. Look at what’s sold near you in the last few months, not what neighbors are asking. If anyone suggests listing high to leave room to negotiate, ask them to show you what that has cost other sellers. These numbers are the answer.

Have your roof age, a wind mitigation report, and for older homes a four-point inspection ready before you list. For condos, have the association documents, budget, and any building inspection reports on hand. Buyers and their insurance companies will ask, and having them ready keeps a deal moving.

What This Means If You’re Buying in Indian River County

You’ll find fewer homes for sale than last year, and good homes under $500,000 aren’t sitting long. Have your financing approved and know what you’d offer before you start touring.

You can still negotiate. Prices are flat for the year, and most homes sell below their final list price. Your best leverage is above $500,000 and with homes that have been on the market a while.

Before you make an offer, ask about insurance, HOA fees, and the age of the roof. In Florida, those can change what a home costs you each month as much as the price.

Questions I’m Hearing About the Indian River County Market

Is it a good time to sell in Vero Beach?

Conditions are better for sellers than a year ago. In September 2026, Indian River County had 5.34 months of supply, down from 7.89, and the median home sold in 46 days from its first listing, down from 63. Homes under $500,000 had less than five months of supply.

Are home prices going up in Indian River County?

They’re steady. The median sale price was $367,500 in September 2026, up 2% from a year earlier. Year to date, the median is $385,000, about 1% below 2025.

Why is the average home price so much higher than the median in Indian River County?

A smaller number of high-end sales raise the average. In September 2026, the average sale price was $579,609 and the median was $367,500. The median is the better guide to what a typical home sells for.

How are condos selling in Indian River County?

Faster than last year. In September 2026, condos, townhomes, villas, and manufactured homes sold in a median of 62 days from first listing, down from 102, at 90.8% of original list price on average.

Want the Numbers for Your Neighborhood?

County numbers are a starting point. What sold on your street, in your community, or in your building is what really tells you where you stand. Tell me where you live, and I’ll send you what’s for sale near you, what’s under contract, and what has sold recently. I pull these myself from the MLS, so if anything raises a question, just reply and ask.

[Request your neighborhood report]

Michele Scherger, Pinnacle Real Estate Group

Source: Beaches MLS, September 2026 vs. September 2025. County-wide figures cover all residential property in Indian River County. Single family and condo group figures come from MLS trend reports for those property types. Information deemed reliable but not guaranteed.