February 2025 Florida Real Estate Market Update

Welcome to the February 2025 Florida Real Estate Market Update! Whether you’re a buyer, seller, or investor, staying informed about current trends is crucial to making smart real estate decisions.

The real estate market in Central Florida’s Space Coast continues to evolve as we move through 2025. February’s trends show shifts in pricing, inventory, and demand across both residential and commercial real estate. The market is adapting to rising interest rates, increased housing supply, and an ever-growing influx of new residents. For buyers, this means more choices and potentially better negotiating power, while sellers may need to price competitively to attract offers in a shifting market. Whether you’re looking to buy, sell, or invest in property, understanding these changes can help you make informed decisions and secure the best deals in this evolving landscape.

In this comprehensive market update, we’ll explore trends in Titusville, Mims, Port St. John, Cocoa, Cocoa Beach, Merritt Island, and Melbourne, covering both residential and commercial sectors. We’ll analyze what’s driving prices, the best opportunities for buyers and sellers, and how key industries—such as space and aerospace, tourism, and technology—are shaping the local real estate market.

Residential Market Trends – February 2025

(Source: Space Coast Association of REALTORS® – January 2025 Market Report)

The Space Coast housing market has seen moderate price increases and growing inventory levels compared to 2024. While some areas remain competitive, the market is shifting toward a balanced or buyer-friendly landscape in certain segments. Rising inventory and stabilizing demand are opening up new opportunities for previously struggling buyers.

City-by-City Breakdown

Titusville

Median Sale Price: $277,000 (+8.4% YoY)
Average Days on Market: 63 days
Market Status: Slightly favoring sellers, but inventory is expanding.
Trends: Growth fueled by continued aerospace expansion, attracting skilled workers. (Source: NASA Economic Impact Report, 2025)

Mims

Median Sale Price: $174,000 (-45.8% YoY)
Average Days on Market: 156 days
Market Status: Strong buyer’s market due to price drops and higher inventory.
Trends: Increasing inventory is giving buyers leverage, and rural properties remain attractive to those seeking space and affordability.

Port St. John

Median Sale Price: $280,000 (-3.5% YoY)
Average Days on Market: 17 days (fast-selling!)
Market Status: Seller-friendly due to quick home sales.
Trends: Affordable price point and proximity to major job hubs make this area a hot spot.

Cocoa

Median Sale Price: $240,000 (+23.7% YoY)
Average Days on Market: 61 days
Market Status: Competitive, with demand keeping pace with rising prices.
Trends: Strong appreciation driven by revitalization efforts and infrastructure improvements.

Cocoa Beach

Median Sale Price: $450,000 (+15.7% YoY)
Average Days on Market: 100 days
Market Status: Buyer’s market due to high inventory.
Trends: The vacation rental market is still strong, but new regulations on short-term rentals could impact investor interest. (Source: Florida Department of Business & Professional Regulation, Short-Term Rental Compliance Update, 2025)

Merritt Island

Median Sale Price: $520,000 (+38.7% YoY)
Average Days on Market: 63 days
Market Status: Competitive, with strong demand for waterfront properties.
Trends: Waterfront properties are in high demand, leading to premium pricing.

Melbourne

Median Sale Price: $292,000 (-13.6% YoY)
Average Days on Market: 64 days
Market Status: Balanced – higher inventory but still active sales.
Trends: Increased supply is providing more options for buyers, particularly in new developments.

Key Takeaways for Residential Buyers & Sellers

✅ Buyers: With higher inventory levels (up 26.5% YoY), now is a great time to find the right home without excessive bidding wars.

✅ Sellers: Homes in popular price points (under $350K) are still moving quickly, but pricing must be competitive in today’s market.

✅ Investors: The rental market remains strong, but new rental property regulations, particularly those related to short-term rentals, tax implications, and tenant protections, are something to keep an eye on.

Commercial Real Estate Trends – February 2025

(Source: Florida REALTORS® – Brevard County Commercial Market Report, Q1 2025)

Commercial real estate across Brevard County is booming, with increased inventory and demand. Key highlights:

Commercial property inventory has surged (+287% YoY), giving buyers more choices.
Prices are up 85%, with the average listing price reaching $830K.
Industrial & warehouse spaces are in high demand, fueled by the Space Coast’s aerospace and tech industries.
Retail & hospitality properties are thriving, with new developments catering to growing tourism and residential expansion.
Mixed-use developments (blending commercial and residential spaces) are on the rise, offering exciting opportunities for investors.

Work With a Local Expert – Call Richard Overvold Today!

📍 Richard Overvold – Licensed Realtor® (Florida License #SL3610484)
🏡 Mutter Realty ERA Powered
📞 (321) 507-8428
📧 richardovervold@gmail.com

I specialize in helping buyers, sellers, and investors make the most of the Space Coast’s real estate market. Whether you’re looking for a new home, investment property, or commercial real estate deal, I can provide the expert advice and local market insights you need.

📩 Contact me today to discuss your real estate goals and get a customized strategy for success!

Ready to make your move? Let’s talk today! 🚀

Disclaimer

This market update is for informational purposes only and does not constitute financial, legal, or real estate advice. Market conditions are subject to change, and individual circumstances may vary. Always consult a licensed real estate professional before making any property decisions.