Home prices on the Treasure Coast, including Martin and Indian River counties, have declined as the housing market shifts toward more balanced conditions. The median sale price in Martin County reached $465,000 in July 2025, reflecting a 5.1% decrease compared to the previous year and highlighting the changing real estate landscape in this region.

Home Prices on Treasure Coast Show Signs of Decline

The trend of declining home prices on the Treasure Coast is most visible in Martin County, where the median sale price has dropped by over 5% year-over-year. Indian River County has experienced similar patterns, with increased inventory contributing to a shift away from a strong seller’s market. According to local real estate data, this change marks a significant adjustment from the rapid price growth seen in previous years.

Rising Inventory Creates Balanced Market Conditions

Inventory levels have grown across the Treasure Coast, giving buyers more options and greater negotiating power. In Martin County, available homes increased from 590 in 2023 to 829 by the end of 2024. Indian River County has also seen a notable rise in listings, which has helped ease the intense competition among buyers and slowed price growth.

Impact on Buyer and Seller Strategies

With more homes on the market, buyers now have increased leverage to negotiate prices and terms. Sellers, in response to the changing environment, are encouraged by industry experts to price properties competitively and address concerns related to storms and insurance costs. Many sellers are offering incentives, such as covering a year of homeowners’ insurance or highlighting storm-resistant features, to attract buyers in high-risk areas.

Luxury Segment Remains Resilient

While overall home prices have declined in some segments, the luxury market on the Treasure Coast remains strong. Certain high-end single-family homes continue to see price appreciation, driven by demand for premium features and locations. This resilience contrasts with the broader trend of moderation in the region’s housing market.

Statewide Trends: Florida Home Values and Mortgage Rates

Across Florida, the average home value has decreased by approximately 2.5% over the past year. However, the rate of decline is slowing, and stabilization is expected in the coming months. Mortgage rates remain elevated, typically ranging from 6% to 7%, which continues to impact affordability and buyer demand throughout the state.

Affordability Challenges and Loan Limits

Higher mortgage rates and increased homeowners’ insurance premiums are significant factors affecting affordability. The recent rise in conforming loan limits may provide some relief for buyers, but many still face challenges due to the combined effects of interest rates and insurance costs. These pressures are particularly acute in coastal communities vulnerable to storms and hurricanes.

Insurance Costs Influence Buyer Decisions

Rising homeowners’ insurance premiums, driven by frequent storms and hurricanes, are playing a major role in shaping buyer preferences. Many buyers are now seeking inland communities where insurance costs are lower, while sellers in high-risk coastal zones are using incentives to make their properties more attractive. According to industry reports, insurance costs are a key consideration for both buyers and sellers on the Treasure Coast.

Seller Incentives and Storm-Resistant Features

To address buyer concerns, some sellers are offering to pay for a year of homeowners’ insurance or investing in upgrades that improve storm resistance. These strategies are intended to offset the higher costs associated with insuring properties in coastal areas and to make homes more appealing in a competitive market.

Market Outlook for 2025: Stabilization Expected

Experts anticipate that the Treasure Coast housing market will stabilize in 2025, with gradual appreciation of 3% to 5% annually following the current period of moderation. The market is not expected to experience a significant downturn, but rather a transition to slower price growth and more balanced conditions.

Shifting Preferences: Smaller Homes and Retirement Communities

There is a growing trend toward smaller, more affordable homes and increased interest in retirement and active adult communities. These shifts reflect changing buyer priorities, with many seeking manageable housing options and amenities that support an active lifestyle. The Treasure Coast remains a popular destination for retirees and those looking for community-oriented living.

Frequently Asked Questions About Home Prices on Treasure Coast

What is the current median home price in Martin County?

The median sale price in Martin County was $465,000 in July 2025, according to local real estate data. This represents a 5.1% decrease compared to the previous year.

How much have home prices changed in Indian River County?

Home prices in Indian River County have also declined, with increased inventory contributing to a more balanced market. Exact figures vary by property type and location, but the trend mirrors the broader Treasure Coast region.

Are there more homes for sale on the Treasure Coast now?

Yes, inventory has increased in both Martin and Indian River counties. Buyers now have more choices, and sellers face more competition than in previous years.

Can you find affordable retirement communities in the region?

There is growing interest in retirement and active adult communities on the Treasure Coast. Many of these communities offer affordable options and amenities for those seeking an active lifestyle.

Where are insurance costs affecting home buyers the most?

Insurance costs are highest in coastal areas of the Treasure Coast, where frequent storms and hurricanes impact premiums. Many buyers are looking at inland communities to find lower insurance rates.