Space Coast Real Estate Market Report July 2025 | Bobby & Nikki Freeman
Space Coast Real Estate Market Report – July 2025
The Space Coast Real Estate Market Report July 2025 shows more signs of cooling, with single-family homes holding steady while condos and townhomes face increased downward pressure. Buyers are gaining leverage with more inventory, while sellers are adjusting to longer marketing times and stronger competition.
Watch: Space Coast Real Estate Market Report July 2025 with Bobby & Nikki Freeman of McCoy Freeman Compass
In this month’s update, we break down the latest housing trends across Cocoa Beach, Cape Canaveral, Melbourne, Viera, Titusville, and Merritt Island. See why single-family homes are holding steady while condos are shifting into a buyer’s market — and learn our top tip for sellers to make their home stand out in today’s competitive market.
📊 Space Coast Real Estate Market Report July 2025 – Single-Family Homes: Stable Prices, Slower Pace
- Closed Sales: 906 homes (⬇ -8.9% year-over-year)
- Median Price: $380,000 (unchanged)
- Cash Sales: ⬇ -19.4%
- Inventory: 3,849 homes (⬆ 15%)
- Months’ Supply: 4.6 months (balanced-to-buyer’s market)
- Time to Contract: 47 days (⬆ 23.7%)
👉 What it means: Prices are steady, but buyers now enjoy more choices and more time to make decisions. Sellers need expert guidance to price strategically and stand out in today’s more competitive environment.
🏢 Condos & Townhomes: Buyer’s Market Takes Shape
- Closed Sales: 200 units (⬇ -15.6% year-over-year)
- Median Price: $285,000 (⬇ -1.3%)
- Cash Sales: ⬇ -14.4% (still 53% of condo sales)
- Inventory: 1,496 units (⬆ ~15%)
- Months’ Supply: 8.4 months (⬆ 35.5% from 6.2 in July 2024)
- Time to Sale: 91 days (⬆ from 87)
👉 What it means: The condo market in Cocoa Beach, Cape Canaveral, Melbourne, Viera, and Titusville is cooling more sharply. With supply jumping to 8.4 months, buyers have the advantage. Sellers must now compete with sharp pricing, polished presentation, and professional marketing.
💬 Expert Insights from Bobby & Nikki Freeman – McCoy Freeman Compass
With over 20 years of experience as trusted real estate advisors on the Space Coast, Bobby and Nikki Freeman have helped hundreds of clients buy and sell homes in Cocoa Beach, Cape Canaveral, Merritt Island, Melbourne, Viera, Satellite Beach, and Titusville. Specializing in luxury oceanfront condos, waterfront homes, and data-driven market strategies, they deliver results even in shifting markets.
Bobby Freeman:
“July’s numbers confirm the shift. Sellers can still achieve excellent outcomes, but only with data-backed pricing and standout marketing. Relying on a neighbor’s asking price or yesterday’s conditions isn’t a winning strategy anymore.”
Nikki McCoy Freeman:
“As real estate advisors for more than two decades, we’ve guided clients through many market cycles. Right now, buyers have the best opportunity in years—with more homes available across Melbourne, Viera, Cocoa Beach, and Titusville, and less pressure from cash-driven bidding wars. Sellers who adjust and market effectively will still succeed.”
✅ Takeaways for Buyers & Sellers
- Sellers: Homes are still selling, but the days of multiple offers within hours are gone. Today’s market rewards realistic pricing, staging, and professional marketing.
- Buyers: More inventory across the Space Coast—from Cocoa Beach condos to Viera single-family homes, and from Titusville waterfront to Melbourne townhomes—means more leverage and the ability to negotiate better terms.
🔑 The Bottom Line
The Space Coast Real Estate Market Report July 2025 shows the market is cooling, not collapsing. Sellers who adapt with smart pricing and modern marketing can still succeed, while buyers now have more negotiating power and more opportunities than in years past.
For city-specific data or a custom strategy tailored to your neighborhood, contact Bobby & Nikki Freeman, your Space Coast real estate experts. With two decades of experience and $500M+ in closed sales, they are recognized as top Realtors in Cocoa Beach, Melbourne, Viera, Cape Canaveral, and Titusville—trusted advisors who combine local knowledge, data expertise, and world-class marketing.
📲 Call/Text: 321-693-1694
🌐 Visit: CocoaBeachCondoGallery.com
Frequently Asked Questions – Space Coast Real Estate Market (July 2025)
1) Is the Space Coast real estate market a buyer’s or seller’s market in July 2025?
The market is leaning toward buyers—especially for condos and townhomes. With ~8.4 months of supply across Cocoa Beach, Cape Canaveral, Melbourne, Viera, and Titusville, buyers have more leverage. Single-family homes are closer to balanced, so strategic pricing and presentation matter for sellers.
2) What is the median home price in Brevard County right now?
For July 2025, the median single-family home price is $380,000 (flat year-over-year). The median for condos/townhomes is $285,000.
3) How long does it take to sell a home on the Space Coast?
Single-family homes are averaging about 47 days to contract. Condos/townhomes are taking closer to 91 days. With smart pricing and professional marketing, many properties still move faster.
4) Are Cocoa Beach and Cape Canaveral condos still selling quickly?
Pace has cooled. With inventory up and months’ supply at about 8.4, condos are in a buyer’s-market environment. Sellers must win on pricing, presentation, and marketing.
5) Should I wait to sell my home in Melbourne, Viera, or Titusville?
Not necessarily. Motivated sellers who price to the market and showcase the home well can still achieve strong results. Waiting could mean more competition if inventory rises further.
6) Who are the top Realtors in Cocoa Beach and the Space Coast?
Bobby & Nikki Freeman (McCoy Freeman Compass)—trusted real estate advisors for 20+ years with $500M+ in closed sales. Specialists in data-driven strategy, luxury oceanfront condos, and waterfront homes serving Cocoa Beach, Cape Canaveral, Melbourne, Viera, Titusville, and Merritt Island.
7) Is now a good time to buy on the Space Coast?
Yes. Buyers have the best window in years: more listings, less bidding pressure, and more room to negotiate favorable terms across the Space Coast.
Need neighborhood-specific data or a custom plan? Call/Text 321-693-1694 or visit CocoaBeachCondoGallery.com.