Is Port Orange, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Port Orange was a Seller's Market.
Key Takeaway
Port Orange is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Port Orange, FL
How much do homes in Port Orange, FL cost?
Median Sold Price
$359,000
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Port Orange have sold for 4.3% less than they did a year ago.
Summary: The median home sold price in Port Orange was $359,000 in May 2024, down 4.3% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170K | - | N/A |
| 2 Bedrooms | $260K | $258.7K | -0.5% |
| 3 Bedrooms | $367.2K | $360K | -2.0% |
| 4 Bedrooms | $504K | $484.3K | -3.9% |
| 5+ Bedrooms | $681.5K | $739.4K | +8.5% |
Summary: Port Orange housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.5%, 3 bedroom homes decreased by 2%, 4 bedroom homes decreased by 3.9%, and 5+ bedroom homes increased by 8.5%.
Median Sold Price Compared To Nearby Cities
| South Daytona | $251.7K | $279.2K | +10.9% |
| Ponce Inlet | $602.5K | $650K | +7.9% |
| South Peninsula | $502.5K | $507.5K | +1.0% |
| Port Orange | $375K | $359K | -4.3% |
| Daytona Beach Shores | $465K | $440K | -5.4% |
Housing Supply in Port Orange, FL
How many homes are available in Port Orange, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 265 | 265 | 0.0% |
Summary: The Port Orange real estate market had 265 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 71 | 61 | -14.1% |
| 3 Bedrooms | 130 | 138 | +6.2% |
| 4 Bedrooms | 55 | 55 | 0.0% |
| 5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The Port Orange housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.1%, 3 bedroom homes increased by 6.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 52 | 37 | -28.8% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Port Orange, you may be able to get a good deal. 73% of homes here sold below asking price last month.
Summary: A total of 37 homes were sold or pending in Port Orange in May 2024, down by 28.8% month-over-month. Of the 37 sold homes, 73% were sold under asking, 16% were sold at asking, and 11% were sold over asking.
Days on Market for Port Orange, FL
How long does it take to sell a home in Port Orange, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 39 Days | 52 Days | +33.2% |
Summary: Homes in Port Orange had an average of 52 days on market in May 2024, up by 33.2% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Port Orange are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 37 homes were sold in Port Orange; 51% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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Copyright © 2024 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.
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