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Featured local agent — Indian River Estates, FL
Sarah Mitchell
Compass Real Estate · Indian River Estates, FL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Indian River Estates, FL Housing Market
The last median sale price Redfin published was $354,300, -1.6% year over year (through May 2026). With 4.1 months of supply and homes going under contract in about 76 days, Indian River Estates is a leaning buyer's. At today's 6.66% 30-year fixed rate, 20% down on a $354,300 home is about $1,821/mo in principal and interest.
Key numbers for Indian River Estates, FL
Median sale price
$354,300
-1.6% year over year
Redfin, through May 2026
Days on market
76
Slow-moving
Redfin, through May 2026
Active listings
61
4.1 months of supply
Redfin, through May 2026
30-yr fixed rate
6.66%
Freddie Mac weekly average
Freddie Mac via FRED, August 2026
Median household income
$54,563
Home costs 6.5x income
U.S. Census ACS, 2023
Sale-to-list ratio
99.0%
Selling below asking
Redfin, through May 2026
Zillow figures refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Indian River Estates a buyer's or seller's market?
Indian River Estates, FL is a leaning buyer's, based on 4.1 months of supply and homes selling in about 76 days. 4 to 5 months of supply is the neutral band: neither side holds a structural advantage, and outcomes turn on the individual property.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Indian River Estates housing market data show?
Every row below is Redfin's final published month for Indian River Estates, FL. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $354,300 |
| Median list price | $349,000 |
| Year-over-year price change | -1.6% |
| Median price per sq ft | $237/sq ft |
| Median days on market | 76 days |
| Active inventory | 61 listings |
| Months of supply | 4.1 months |
| Sale-to-list price ratio | 99.0% |
| Homes sold (that month) | 15 |
| New listings (that month) | 19 |
| Listings with a price cut | 29.5% |
| Market condition | Leaning buyer's |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Indian River Estates is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Indian River Estates is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Indian River Estates home prices moved?
Over the last three years the median sale price in Indian River Estates, FL rose 31.2%, from $270,000 to $354,300. 29.5% of Indian River Estates listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay. For prices to fall meaningfully from here, supply would have to keep building past 4.1 months while the sale-to-list ratio slips below its current 99.0%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Indian River Estates?
Priced off the median sale price of $354,300 at the current 6.66% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $70,860 | $283,440 | $1,821/mo |
| 5% | $17,715 | $336,585 | $2,163/mo |
Redfin, through May 2026 for the price · Freddie Mac via FRED, August 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $1,821, that implies roughly $78,063 a year before you add taxes and insurance. The median household in Indian River Estates earns $54,563, about $23,500 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the median sale price to fit the 28% rule. That puts the price-to-income ratio at 6.5x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Indian River Estates in the next 12 months?
Tell us your timeline. We send the Indian River Estates market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Indian River Estates?
Zillow does not publish a rent index (ZORI) for Indian River Estates, FL, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Indian River Estates?
Active listings in Indian River Estates, FL went from 65 in May 2025 to 61 in May 2026, a -6.2% change. Inventory has been roughly flat, which usually keeps prices moving with rates rather than with local supply.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 62 | 12 |
| July 2025 | 54 | 15 |
| August 2025 | 58 | 18 |
| September 2025 | 52 | 9 |
| October 2025 | 54 | 16 |
| November 2025 | 54 | 16 |
| December 2025 | 52 | 10 |
| January 2026 | 66 | 25 |
| February 2026 | 71 | 15 |
| March 2026 | 69 | 15 |
| April 2026 | 65 | 13 |
| May 2026 | 61 | 19 |
Redfin, through May 2026
How does Indian River Estates compare to Florida and the U.S.?
Indian River Estates homes sell for $354,300 — 16% below the Florida median of $421,500. Against the national median of $410,700, Indian River Estates runs 14% lower. Year-over-year, Indian River Estates moved -1.6% against Florida's +2.6% — a smaller swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Indian River Estates, FL | $354,300 | -1.6% | 76 days |
| Florida statewide | $421,500 | +2.6% | 66 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Indian River Estates
What buyers should watch
- Months of supply, currently 4.1. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 29.5%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $342 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 6.66%, every full point of rate change moves the payment on a $354,300 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Indian River Estates listing goes under contract in 76 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 99.0% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Indian River Estates added 19 new listings against 15 sales — more competition arriving than clearing, so early timing matters.
- Comparable ZIP-level pricing inside Indian River Estates varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Indian River Estates
There are currently 61 homes listed for sale in Indian River Estates, Florida. The median listing price is $349K.
Active listings
61
Homes on market
Median list price
$349K
Avg. days on market
76
Days until sale
New this week
19
Newly listed
How much do homes cost in Indian River Estates by property type?
How the Indian River Estates, FL market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $354,300 | $237/sq ft | 15 | 76 days |
| Condo / co-op | $161,300 | $121/sq ft | 1 | 92 days |
Who lives in Indian River Estates?
American Community Survey estimates for Indian River Estates. U.S. Census ACS, 2023
Population
7,331
Households
2,915
Median income
$54,563/yr
Median age
43 years
Owner-occupied
91.4%
Median home value
$238,000
Median gross rent
$2,177/mo
Mean commute
23.8 min
91.4% of occupied homes in Indian River Estates are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market.
Which cities are near Indian River Estates, FL?
Ordered by distance from Indian River Estates, not by size. Compare Indian River Estates side by side with any of them.
Indian River Estates housing market FAQ
Is Indian River Estates a buyer's or seller's market?
Indian River Estates, FL is currently a leaning buyer's. That read comes from 4.1 months of supply, homes going under contract in about 76 days, and sellers getting 99.0% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Indian River Estates?
The median sale price in the last month Redfin published was $354,300, about $237 per square foot.
Is Indian River Estates cheaper than the rest of Florida?
Indian River Estates's median sale price of $354,300 is 16% lower than the Florida statewide median of $421,500, and 14% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Indian River Estates?
Homes in Indian River Estates, FL spent a median of 76 days on market before going under contract, versus 66 days statewide. Over two months means buyers have time to inspect, compare and negotiate. (Redfin, through May 2026.)
What income do you need to buy a home in Indian River Estates?
At the current 30-year fixed rate of 6.66%, 20% down on a $354,300 home is about $1,821 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $78,063 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $54,563.
Are home prices rising in Indian River Estates?
Redfin's last published year-over-year change for Indian River Estates, FL was -1.6%, measured through May 2026. That series is frozen; treat it as a historical reading rather than a current trend.
What are the cheapest ZIP codes in Indian River Estates?
Indian River Estates ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Indian River Estates?
That depends on your timeline, not on a headline. What the data says today: Indian River Estates, FL is a leaning buyer's with 4.1 months of supply, the 30-year fixed rate is 6.66%. Properties Incorporated publishes the data; it does not give financial advice.
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One email: what homes are actually clearing at around $354,300, how long they sit, which ZIPs run cheaper, and what to fix on your credit before you apply.