Real Estate Market Report - Fort Pierce, FL (Dec, 2023)

The median sale price for homes sees a slight decrease from $303,000 in December 2022 to $285,000 in February 2023, but then gradually increases to reach a peak of $349,900 in October 2023 before dropping slightly to $309,900 in November 2023. Meanwhile, the median list price for homes starts at $320,990 in December 2022 and decreases to a low of $257,000 in November 2023, with some fluctuation in between.

The median sale price per square foot is expected to increase steadily from $194.495 in December 2022 to $206.321 in August 2023, with a peak of $205.256 in May 2023. However, there is a slight dip in February 2023 to $192.222 and a lower point at $196.992 in November 2023.

The median sale price to list price ratio has remained relatively stable over the next year, with a slight dip in January and October of 2023. However, the ratio is projected to increase in September and November of 2023.

The data shows the number of properties sold/listed each month for two different periods. In the first period, the number of properties sold/listed increased from 170 in December 2022 to 261 in September 2023, before remaining steady at 261 for October and decreasing slightly to 251 in November. In the second period, the number of properties sold/listed fluctuated between 109 in January 2023 and 169 in March 2023, before decreasing to 145 in November 2023.

The median days on the market for homes are expected to decrease in January 2023 to 81 days and then increase again in February and May to 88 days. The lowest median days on the market are expected in April 2023 at 72 days, while the highest median days on the market are expected in July 2023 at 87.5 days.