Is South Peninsula, 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, South Peninsula was a Neutral Market.
Housing Prices in South Peninsula, FL
How much do homes in South Peninsula, FL cost?
Median Sold Price
$507,500
$311/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in South Peninsula was $507,500 in May 2024, up 1% from last year, and the median price per square foot was $311.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $192.5K | $216.6K | +12.5% |
2 Bedrooms | $422K | $390K | -7.6% |
3 Bedrooms | $652.5K | $635K | -2.7% |
4 Bedrooms | $525K | $700K | +33.3% |
5+ Bedrooms | $1.2M | $1.8M | +47.4% |
Summary: South Peninsula housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.5%, 2 bedroom homes decreased by 7.6%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 47.4%.
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 South Peninsula, FL
How many homes are available in South Peninsula, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
295 | 317 | +7.5% |
Summary: The South Peninsula real estate market had 317 homes for sale in May 2024, a 7.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 43 | 51 | +18.6% |
2 Bedrooms | 114 | 126 | +10.5% |
3 Bedrooms | 114 | 116 | +1.8% |
4 Bedrooms | 18 | 17 | -5.6% |
5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The South Peninsula housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 18.6%, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 1.8%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
31 | 28 | -9.7% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in South Peninsula in May 2024, down by 9.7% month-over-month. Of the 28 sold homes, 79% were sold under asking, 14% were sold at asking, and 7% were sold over asking.
Days on Market for South Peninsula, FL
How long does it take to sell a home in South Peninsula, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
61 Days | 69 Days | +12.7% |
Summary: Homes in South Peninsula had an average of 69 days on market in May 2024, up by 12.7% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During May 2024, 28 homes were sold in South Peninsula; 54% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.