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Sarah Mitchell

CNESRESABR

Compass Real Estate · Viera West, FL

“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”

Viera West, FL(512) 555-0184TX License #0512847
Visit website →sarahmitchellhomes.com
5.0 · 47 reviews

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Viera West, FL Housing Market

Balanced market-4.8% YoY
Redfin, through May 2026 · No longer updatingFreddie Mac via FRED, August 2026 · Refreshes weekly

The last median sale price Redfin published was $593,500, -4.8% year over year (through May 2026). With 2.8 months of supply and homes going under contract in about 72 days, Viera West is a balanced market. At today's 6.66% 30-year fixed rate, 20% down on a $593,500 home is about $3,051/mo in principal and interest.

Key numbers for Viera West, FL

Median sale price

$593,500

-4.8% year over year

Redfin, through May 2026

Days on market

72

Slow-moving

Redfin, through May 2026

Active listings

116

2.8 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

$98,107

Home costs 6.0x income

U.S. Census ACS, 2023

Sale-to-list ratio

97.1%

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 Viera West a buyer's or seller's market?

Balanced market2.8 months of supply72 days on market97.1% of asking

Viera West, FL is a balanced market, based on 2.8 months of supply and homes selling in about 72 days. Under 4 months of supply tilts the market toward sellers: homes clear faster than they are replaced, so concessions are scarce.

Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from

What does the Viera West housing market data show?

Every row below is Redfin's final published month for Viera West, FL. Redfin, through May 2026

Housing market statistics for Viera West, FL, Redfin through May 2026
MetricValue
Median sale price$593,500
Median list price$625,000
Year-over-year price change-4.8%
Median price per sq ft$259/sq ft
Median days on market72 days
Active inventory116 listings
Months of supply2.8 months
Sale-to-list price ratio97.1%
Homes sold (that month)42
New listings (that month)41
Listings with a price cut35.3%
Market conditionBalanced market

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 Viera West is frozen at May 2026.
Typical home value (ZHVI)
Zillow's estimate of what a mid-market home in Viera West 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 Viera West home prices moved?

Over the last three years the median sale price in Viera West, FL fell 2.0%, from $605,500 to $593,500. 35.3% of Viera West 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 2.8 months while the sale-to-list ratio slips below its current 97.1%. 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 Viera West?

Priced off the median sale price of $593,500 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.

Monthly principal and interest by down payment in Viera West, FL
Down paymentCash at closeLoan amountMonthly P&I
20%$118,700$474,800$3,051/mo
5%$29,675$563,825$3,623/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 $3,051, that implies roughly $130,765 a year before you add taxes and insurance. The median household in Viera West earns $98,107, about $32,658 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 6.0x — 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 Viera West in the next 12 months?

Tell us your timeline. We send the Viera West market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.

No spam, no reselling your details. Market data on this site is informational and is not financial, investment, or real estate advice.

Is it cheaper to rent or buy in Viera West?

Zillow does not publish a rent index (ZORI) for Viera West, 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 Viera West?

Active listings in Viera West, FL went from 197 in May 2025 to 116 in May 2026, a -41.1% change. Falling inventory tightens competition. When supply drops while demand holds, sale-to-list ratios rise before the median sale price does.

Active listings by month in Viera West, FL
MonthActive listingsNew listings
June 202518244
July 202517542
August 202516535
September 202515933
October 202515441
November 202513922
December 202512527
January 202614255
February 202613639
March 202612946
April 202613238
May 202611641

Redfin, through May 2026

How does Viera West compare to Florida and the U.S.?

Viera West homes sell for $593,50041% above the Florida median of $421,500. Against the national median of $410,700, Viera West runs 45% higher. Year-over-year, Viera West moved -4.8% against Florida's +2.6%a bigger swing than the state as a whole.

Viera West, FL compared with Florida and the United States
MarketMedian sale priceYoYDays on market
Viera West, FL$593,500-4.8%72 days
Florida statewide$421,500+2.6%66 days
United States$410,700not publishednot 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 Viera West

What buyers should watch

  • Months of supply, currently 2.8. 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 35.3%. 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 $572 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 $593,500 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 Viera West listing goes under contract in 72 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 97.1% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
  • In the last published month Viera West added 41 new listings against 42 sales — more clearing than arriving, which is the better window to list.
  • Comparable ZIP-level pricing inside Viera West varies more than the citywide median suggests — check the ZIP pages below before you set a number.

Homes for sale in Viera West

There are currently 116 homes listed for sale in Viera West, Florida. The median listing price is $625K.

Active listings

116

Homes on market

Median list price

$625K

Avg. days on market

72

Days until sale

New this week

41

Newly listed

Price drops:35.3%of listings
Sale-to-list:97.1%

How much do homes cost in Viera West by property type?

How the Viera West, FL market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026

Median price, price per square foot, homes sold and days on market by property type in Viera West, FL
Property typeMedian pricePrice / sq ftHomes soldDays on market
Single-family$650,000$271/sq ft3263 days
Condo / co-op$166,000$143/sq ft3212 days
Townhouse$294,000$192/sq ft7116 days

Who lives in Viera West?

American Community Survey estimates for Viera West. U.S. Census ACS, 2023

Population

17,169

Households

7,054

Median income

$98,107/yr

Median age

45.1 years

Owner-occupied

77.1%

Median home value

$539,000

Median gross rent

$2,080/mo

Mean commute

28.5 min

77.1% of occupied homes in Viera West 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 Viera West, FL?

Ordered by distance from Viera West, not by size. Compare Viera West side by side with any of them.

Viera West housing market FAQ

Is Viera West a buyer's or seller's market?

Viera West, FL is currently a balanced market. That read comes from 2.8 months of supply, homes going under contract in about 72 days, and sellers getting 97.1% of their asking price in the last month Redfin published (May 2026).

How much do homes cost in Viera West?

The median sale price in the last month Redfin published was $593,500, about $259 per square foot.

Is Viera West cheaper than the rest of Florida?

Viera West's median sale price of $593,500 is 41% higher than the Florida statewide median of $421,500, and 45% above the U.S. median of $410,700. Both figures are for the same period.

How long do homes take to sell in Viera West?

Homes in Viera West, FL spent a median of 72 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 Viera West?

At the current 30-year fixed rate of 6.66%, 20% down on a $593,500 home is about $3,051 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $130,765 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $98,107.

Are home prices rising in Viera West?

Redfin's last published year-over-year change for Viera West, FL was -4.8%, 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 Viera West?

Viera West 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 Viera West?

That depends on your timeline, not on a headline. What the data says today: Viera West, FL is a balanced market with 2.8 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 $593,500, how long they sit, which ZIPs run cheaper, and what to fix on your credit before you apply.

No spam, no reselling your details. Market data on this site is informational and is not financial, investment, or real estate advice.