34947
Port St Lucie, Florida

Port St. Lucie's 34947 ZIP code shows clear cooling with a median sale price of $320,000, down 7.2% year-over-year as of February 2026. Homes are averaging 118 days on market, well above the seller-favorable threshold of 60 days that typically indicates balanced conditions. Only 13% of properties are selling above list price, signaling buyers now hold negotiating leverage that was absent during the previous two years of aggressive appreciation in this market.

These conditions favor patient buyers with financing already secured and negotiation skills to deploy during the extended 118-day market cycle. Cash investors seeking rental income can exploit the 7.2% price decline to acquire properties below 2025 comps while sellers remain motivated through the four-month listing period. Sellers who must transact should expect offers at or below list price given that 87% of transactions close at discounts, making this a poor exit window for those with flexibility to wait.

The PropIQ score of 51 signals caution rather than crisis, suggesting stabilization rather than freefall, but momentum remains negative. The combination of declining prices and triple-digit days on market indicates demand has not yet absorbed current inventory levels. Buyers should monitor whether DOM begins contracting below 100 days or if the percentage selling above list climbs above 20%—both would signal the correction is bottoming and competition is returning to this ZIP code.