Is Daytona Beach Shores, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Daytona Beach Shores is a buyer's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Daytona Beach Shores was a Neutral Market.

Key Takeaway

Daytona Beach Shores is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Daytona Beach Shores, FL

How much do homes in Daytona Beach Shores, FL cost?

Median Sold Price

$440,000

$296/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$25,000(-5.4%)

Key Takeaway

Homes in Daytona Beach Shores have sold for 5.4% less than they did a year ago.

Summary: The median home sold price in Daytona Beach Shores was $440,000 in May 2024, down 5.4% from last year, and the median price per square foot was $296.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $180K$207.5K
+15.3%
2 $400K$367.5K
-8.1%
3 $612.5K$610K
-0.4%
4 -$950K
N/A
5+ $1.1M$2.2M
+94.3%

Summary: Daytona Beach Shores housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.3%, 2 bedroom homes decreased by 8.1%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 94.3%.

Median Sold Price Compared To Nearby Cities

Daytona Beach
+13.7%
North Peninsula
+4.1%
South Peninsula
+1.0%
Port Orange
-4.3%
Daytona Beach Shores
-5.4%

Housing Supply in Daytona Beach Shores, FL

How many homes are available in Daytona Beach Shores, FL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
177192+8.5%

Summary: The Daytona Beach Shores real estate market had 192 homes for sale in May 2024, a 8.5% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 4048
+20.0%
2 7183
+16.9%
3 5855
-5.2%
4 75
-28.6%
5+ 11
0.0%

Summary: The Daytona Beach Shores housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 16.9%, 3 bedroom homes decreased by 5.2%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
17170.0%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Daytona Beach Shores, you may be able to get a good deal. 88.2% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in Daytona Beach Shores in May 2024, the same as the previous month. Of the 17 sold homes, 88% were sold under asking, 6% were sold at asking, and 6% were sold over asking.

Days on Market for Daytona Beach Shores, FL

How long does it take to sell a home in Daytona Beach Shores, FL?

Average Sale Time

May 2023May 2024CHANGE
60 Days73 Days+21.6%

Summary: Homes in Daytona Beach Shores had an average of 73 days on market in May 2024, up by 21.6% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Daytona Beach Shores are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 17 homes were sold in Daytona Beach Shores; 41% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 41% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

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