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Fellsmere Fellsmere Farms Fellsmere Woods Fischer Lake Island Homewood Lincoln Park Morning Side Park Romar Sebastian Crossings Tropical Village Estates

FELLSMERE, FL 32948

Real Estate Market Report
Balanced Market
March 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 32948

Fellsmere · Fellsmere Farms · Fellsmere Woods · Fischer Lake Island · Homewood · Lincoln Park · Morning Side Park · Romar · Sebastian Crossings · Tropical Village Estates

Market Analysis

Data as of March 2026. Source: Realtor.com.

The FELLSMERE, FL real estate market (32948) currently shows 25 active listings, with 3 pending sales. Homes are averaging 101 days on the market before going under contract.

Inventory has increased compared to last year, with 13 more homes available — giving buyers more choice.

Homes are selling faster, averaging 101 days on market compared to 137 days last year.

The median listing price has fallen 15% year-over-year, from $822,000 to $698,500.

Whether you are buying or selling in FELLSMERE, FL, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 6,032  ·  Density: 20.4/mi²  ·  Median household income: $48,657

Typical home value: $152,700  ·  Homeownership: 74.1%

Market Overview

Active Listings
25
⇧ 108.3% vs 12 last year
Pending
3
12% pending ratio
Median Price
$698,500
⇩ 15% vs $822,000 last year
Average Price
$750,395
⇩ 13.6% vs $868,095 last year
Days on Market
101
⇩ 26.3% vs 137 days last year

Price Per Square Foot

Median $/sqft
$319
⇩ 19.2% vs $395/sqft last year
Median Home Size
1,865 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 25 this year vs 12 last year
  • Days on market: 101 now vs 137 last year

Median & Average Pricing

Year over Year
  • Median: $698,500 (-15% YoY)
  • Average: $750,395 (-13.6% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 26.6 miles — 2,454 listings ($2,132,525,205 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
32948Fellsmere, FL 329480.0 mi25$18,795,225$697,750$751,809
32958Sebastian, FL 329588.1 mi291$160,717,554$396,749$552,294
32967Vero Beach, FL 3296710.2 mi489$308,978,073$455,800$631,857
32949Grant, FL 3294911.8 mi47$34,436,994$609,725$732,702
32963Vero Beach, FL 3296313.8 mi570$1,181,160,270$1,150,000$2,072,211
32950Malabar, FL 3295015.2 mi25$18,758,250$675,000$750,330
32960Vero Beach, FL 3296015.5 mi227$97,254,972$289,500$428,436
32962Vero Beach, FL 3296218.6 mi350$91,764,400$224,950$262,184
32904Melbourne, FL 3290420.3 mi187$80,800,269$425,000$432,087
34945Fort Pierce, FL 3494521.6 mi34$35,012,724$531,250$1,029,786
34946Fort Pierce, FL 3494623.6 mi34$14,954,560$386,150$439,840
34947Fort Pierce, FL 3494726.1 mi98$32,354,896$328,900$330,152
32934Melbourne, FL 3293426.6 mi77$57,537,018$570,613$747,234

Frequently Asked Questions

How many homes are for sale in FELLSMERE, FL 32948?

As of March 2026, there are 25 active listings in FELLSMERE, FL (zip code 32948), compared to 12 the prior year.

What is the median home price in FELLSMERE, FL 32948?

The median listing price in FELLSMERE, FL 32948 is $698,500 as of March 2026, a 15% decrease from $822,000 the prior year.

How long do homes stay on the market in FELLSMERE, FL?

Homes in FELLSMERE, FL 32948 spend an average of 101 days on the market before going under contract, compared to 137 days the prior year.

Is it a seller's or buyer's market in FELLSMERE, FL 32948?

Based on current inventory and days-on-market data as of March 2026, FELLSMERE, FL 32948 is currently a Balanced Market. Inventory has increased compared to last year, with 13 more homes available — giving buyers more choice. Homes are selling faster, averaging 101 days on market compared to 137 days last year.

How much can I save on real estate commission in FELLSMERE, FL?

With SELL123.com's maximum 3% commission, sellers in FELLSMERE, FL 32948 save an estimated $13,970 compared to a typical 5% commission on the median listing price of $698,500. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.