News | Port St. Lucie

Condo Prices Fall in St. Lucie, Martin, Rise in Indian River

October 30, 2025
5:49 am

Condo prices on the Treasure Coast showed mixed trends in September, with the median sale price for condominiums and townhouses falling in St. Lucie County and Martin County, but rising in Indian River County. This shift in the market comes as local Realtors report increased sales activity and ongoing impacts from recent state regulations affecting condominium ownership.

Condo Prices on the Treasure Coast: September Trends

The main keyword, condo prices, remains a focus for buyers and sellers across the Treasure Coast. According to local Realtor data, the region experienced both declines and gains in median sale prices for townhouses and condos during September 2025. For a deeper dive into recent home price trends in the Port St. Lucie metro area, check out our in-depth analysis.

Median Sale Prices by County

Martin County: $220,000 (down from $230,000 in August)
St. Lucie County: $272,000 (down from $298,450 in August)
Indian River County: $260,000 (up from $254,950 in August)

These figures highlight a decrease in condo prices in both Martin and St. Lucie counties, while Indian River County saw a modest increase month-over-month. For more details on how home prices have fallen in Martin and Indian River counties, you can explore our comprehensive coverage.

Sales Activity and Market Conditions

September brought changes in the number of closed sales and active listings for townhouses and condos. The market remains dynamic, with shifts in buyer demand and inventory levels across the three counties.

Closed Sales in September

Martin County: 79 units sold (unchanged from August)
St. Lucie County: 94 units sold (up from 88 in August)
Indian River County: 62 units sold (down from 66 in August)

According to local Realtor data, St. Lucie County saw a rise in closed sales, while Indian River County experienced a slight decline. Martin County’s sales remained steady.

Active Listings for Condos and Townhouses

Martin County: 616 listings (up from 614 in August)
St. Lucie County: 710 listings (down from 738 in August)
Indian River County: 603 listings (down from 644 in August)

The number of available properties decreased in St. Lucie and Indian River counties, while Martin County saw a slight increase in active listings.

Inventory Levels and Market Balance

Inventory levels are a key indicator of whether the market favors buyers or sellers. The benchmark for a balanced market is typically 5.5 months of inventory. Higher numbers indicate a buyer’s market, while lower numbers favor sellers.

Months of Inventory by County

Martin County: 7.9 months (down from 8.1 in August)
St. Lucie County: 9.5 months (down from 10.1 in August)
Indian River County: 9.2 months (down from 9.9 in August)

All three counties saw a decrease in months of inventory, but each remains above the balanced market threshold, indicating continued advantages for buyers.

Time to Contract for Condo Sales

The median time between listing a condo or townhouse and signing a contract provides insight into market speed and buyer demand. If you’re interested in a detailed breakdown of rising home prices in the Port St. Lucie metro area, our latest report offers valuable context on these trends.

Median Time to Contract

Martin County: 125 days (up from 90 days in August)
St. Lucie County: 69 days (down from 78 in August)
Indian River County: 147 days (up from 114 in August)

St. Lucie County saw a faster pace for sales, while Martin and Indian River counties experienced longer times to contract.

Factors Influencing Condo Prices on the Treasure Coast

Local experts point to several factors affecting condo prices and sales activity. According to Jonathan Lickstein, president of Broward, Palm Beaches & St. Lucie Realtors, the market has remained relatively stable, with the number of sales up compared to the previous year.

Lickstein noted, “The number of sales is up from this same time last year. We’re balanced about the same as what we were last month.” He also highlighted that while the pool of buyers for condos has decreased since the 2021 Surfside tragedy, condominiums remain an affordable entry point for many buyers.

The collapse of Champlain Tower South in Surfside led to stricter state regulations for condominium associations, including new inspection requirements and funding reserves. These changes have increased ownership costs and affected buyer sentiment, making it more challenging for some owners to sell their units.

Regulatory Changes and Buyer Sentiment

Recent state regulations require more frequent inspections and higher reserve funding for condo associations. This has contributed to higher ownership costs and a smaller pool of potential buyers, according to local Realtors. However, condos continue to offer affordability compared to other property types.

Frequently Asked Questions About Condo Prices on the Treasure Coast

What are the current condo prices in St. Lucie County?

The median sale price for condos in St. Lucie County was $272,000 in September 2025, down from $298,450 in August, according to local Realtor data.

How do condo prices compare across the Treasure Coast?

In September 2025, condo prices fell in Martin and St. Lucie counties but rose in Indian River County. Martin’s median was $220,000, St. Lucie’s was $272,000, and Indian River’s was $260,000.

Are there more condos for sale now in Port St. Lucie?

The number of active condo listings in St. Lucie County decreased to 710 in September, down from 738 in August, based on local Realtor reports.

Can you buy an affordable retirement condo in PSL?

Condos in Port St. Lucie remain one of the most affordable options for buyers, including those seeking retirement communities or active adult living, despite recent price changes.