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Fellsmere · Indian River County
The 32948 zip code is located in Fellsmere, Indian River County, Florida. There are 20 homes for sale in 32948 right now, updated from the MLS.
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32948 Market at a Glance
Live MLS · Updated Sep 1, 2026
Residential MLS data for 32948, updated nightly. View full market reports →
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About Zip Code 32948
The 32948 zip code is located in Fellsmere, Indian River County, Florida. There are 20 homes for sale in 32948 right now, updated from the MLS. The median list price is $712,450.
Market Overview
There are 20 active listings for sale in zip code 32948 right now. The median list price is $712,450. Listings span $245,000 to $1,690,000, so there is inventory across most budgets. These figures update from the MLS as the market moves.
32948 Market Stats
Live MLSHomes & Architecture
Homes for sale in 32948 offer 2 to 6 bedrooms and 2 to 4.5 baths. Floor plans span roughly 1,485 to 3,763 square feet. The mix here includes land and single family homes. Current prices run from $102,500 to $2,760,000. The homes on the market were built between 1967 and 2027.
New Construction
If you want a brand-new home in 32948, new construction here spans production single-family homes, new townhomes, and condos, part of the ongoing building activity across Indian River County. New builds mean modern floor plans, efficient systems, current wind-code construction, and a builder warranty. Have your own agent represent you from the first model visit, since the builder's sales rep works for the builder, not for you, and that representation is typically free to you.
Foreclosures & Distressed
Foreclosures and other distressed homes in 32948, from bank-owned (REO) listings to short sales and auctions, sometimes sell below comparable market value because the seller is motivated. They almost always sell as-is, though, so weigh the price against the cost of repairs and a possibly slower closing. Because Indian River County processes foreclosures judicially, confirm the title and any outstanding liens before committing.
Prices & Value
The median asking price for homes in 32948 is $712,450. That runs about 76% above the Indian River County median of $405,000, so 32948 sits toward the higher end of the county. Active listings run from $245,000 at the entry level to $1,690,000 at the top, so there is inventory across a range of budgets. Across the homes on the market now, prices work out to roughly $332 per square foot. A typical listing here has 3 bedrooms and 2 baths, with around 1,957 square feet of living space. These figures update from the MLS as homes come on and go under contract, so use them as a current snapshot rather than a fixed value.
The Fellsmere Area
Zip 32948 is part of Fellsmere, which has a population of about 5,679. Across Fellsmere as a whole there are 20 homes for sale, averaging 290 days on market.
More about Fellsmere →Zip Code Guide
The 32948 zip code is one of the postal codes serving Fellsmere, in Indian River County, Florida. 32948 is the primary zip code for Fellsmere. All of them, including 32948, sit in Indian River County, which is where the property records and tax bills for this area are kept.
Location
The 32948 area is part of Fellsmere in Indian River County. Day to day, the zip puts residents near Fellsmere's shopping, dining, and schools, with regional beaches, employers, and airports a drive away.
Buying in 32948
The buying process in 32948 is the one used across Indian River County. Getting a mortgage pre-approval first tells you your real budget and lets you move quickly when the right home comes up. Property taxes factor into the monthly payment: the median annual property tax in Indian River County is about $2,288. Florida's homestead exemption lowers the taxable value of a primary residence, and the Save Our Homes cap limits how fast that assessed value can rise from year to year. Budget for homeowners insurance as well. Rates in Florida reflect wind and flood exposure, so gather quotes early and check whether a specific address sits in a FEMA flood zone. Once you are under contract, plan for a home inspection and, if you are financing, a lender appraisal, both of which fall inside the inspection period. Most Florida purchases close within 30 to 45 days of an accepted offer. Working with an agent who knows Fellsmere means you see new listings in 32948 the day they reach the market.
Selling in 32948
Selling a home in 32948 starts with pricing it correctly for current conditions. List prices in the 32948 area currently center around $712,450, which is a starting reference for where a comparable home might be positioned. Homes that are decluttered, professionally photographed, and priced to recent comparable sales tend to draw the most interest in the first two weeks, when a listing is newest and gets the most views. Florida sellers usually pay the documentary stamp tax on the deed, currently $0.70 per $100 of the sale price in most counties, along with prorated property taxes and, by local custom in many areas, the owner's title insurance policy. Agent commission is negotiable and is agreed to up front in the listing agreement. We provide a no-obligation home valuation for Fellsmere owners, so you can see what your property could sell for before you commit to listing.
Frequently Asked Questions
Communities in Fellsmere
Property Types
By Price
Public Records
Anything on this page that affects what a home costs to own, assessed value, exemptions, flood zone, is published by a public agency. These are the official sources, not our summaries of them.
Indian River County Property Appraiser
Assessed value, homestead exemption status, and recorded sales history for any parcel.
FEMA Flood Map Service Center
Look up the official flood zone for an address before you budget for insurance.
Florida Department of Revenue, property taxes
How Florida assesses property, and which exemptions you can claim.
