Is Ormond Beach, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Ormond Beach was a Seller's Market.
Key Takeaway
Ormond Beach is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Ormond Beach, FL
How much do homes in Ormond Beach, FL cost?
Median Sold Price
$422,000
$238/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Ormond Beach have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in Ormond Beach was $422,000 in April 2024, up 6.5% from last year, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $187.4K | $185K | -1.3% |
| 2 Bedrooms | $305K | $330K | +8.2% |
| 3 Bedrooms | $404.3K | $425K | +5.1% |
| 4 Bedrooms | $452.5K | $544K | +20.2% |
| 5+ Bedrooms | $682.5K | $616K | -9.7% |
Summary: Ormond Beach housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.3%, 2 bedroom homes increased by 8.2%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 20.2%, and 5+ bedroom homes decreased by 9.7%.
Median Sold Price Compared To Nearby Cities
| Daytona Beach | $265K | $297.5K | +12.3% |
| Ormond Beach | $396.1K | $422K | +6.5% |
| Holly Hill | $235K | $249.7K | +6.3% |
| Central Volusia | $435.6K | $459.9K | +5.6% |
| North Peninsula | $328.8K | $345K | +4.9% |
Housing Supply in Ormond Beach, FL
How many homes are available in Ormond Beach, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 434 | 455 | +4.8% |
Summary: The Ormond Beach real estate market had 455 homes for sale in April 2024, a 4.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 130 | 141 | +8.5% |
| 3 Bedrooms | 202 | 210 | +4.0% |
| 4 Bedrooms | 71 | 70 | -1.4% |
| 5+ Bedrooms | 27 | 30 | +11.1% |
Summary: The Ormond Beach housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 4%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 75 | 70 | -6.7% |
Asking Price vs. Sold Price
50 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ormond Beach, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 70 homes were sold or pending in Ormond Beach in April 2024, down by 6.7% month-over-month. Of the 70 sold homes, 71% were sold under asking, 17% were sold at asking, and 11% were sold over asking.
Days on Market for Ormond Beach, FL
How long does it take to sell a home in Ormond Beach, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 41 Days | 55 Days | +35.4% |
Summary: Homes in Ormond Beach had an average of 55 days on market in Apr 2024, up by 35.4% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
17 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ormond Beach are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 70 homes were sold in Ormond Beach; 50% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.
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