Is DeBary-Orange City, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing DeBary-Orange City is a seller's market

Buyer's
Market

Difference Since January 2023

Since last year, DeBary-Orange City has remained a Seller's Market.

Key Takeaway

DeBary-Orange City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in DeBary-Orange City, FL

How much do homes in DeBary-Orange City, FL cost?

Median Sold Price

$350,100

$209/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

+$35,102(+11.1%)

Key Takeaway

Homes in DeBary-Orange City have sold for 11.1% more than they did a year ago.

Summary: The median home sold price in DeBary-Orange City was $350,100 in January 2024, up 11.1% from last year, and the median price per square foot was $209.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 $128.5K$120K
-6.6%
2 $239.9K$245K
+2.1%
3 $309.8K$335.3K
+8.2%
4 $427.6K$450K
+5.2%
5+ $515K$456.4K
-11.4%

Summary: DeBary-Orange City housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.6%, 2 bedroom homes increased by 2.1%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes decreased by 11.4%.

Median Sold Price Compared To Nearby Cities

DeBary-Orange City
+11.1%
DeBary
+11.1%
Deltona
+3.5%
Orange City
-1.5%
DeLand
-5.3%

Housing Supply in DeBary-Orange City, FL

How many homes are available in DeBary-Orange City, FL?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
303307+1.3%

Summary: The DeBary-Orange City real estate market had 307 homes for sale in January 2024, a 1.3% increase compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 22
0.0%
2 3737
0.0%
3 174186
+6.9%
4 7168
-4.2%
5+ 1914
-26.3%

Summary: The DeBary-Orange City housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 6.9%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes decreased by 26.3%.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
7856-28.2%

Asking Price vs. Sold Price

33 Homes Were Sold
Under Asking

19 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in DeBary-Orange City, you may be able to get a good deal. 58.9% of homes here sold below asking price last month.

Summary: A total of 56 homes were sold or pending in DeBary-Orange City in January 2024, down by 28.2% month-over-month. Of the 56 sold homes, 59% were sold under asking, 34% were sold at asking, and 7% were sold over asking.

Days on Market for DeBary-Orange City, FL

How long does it take to sell a home in DeBary-Orange City, FL?

Average Sale Time

Jan 2023Jan 2024CHANGE
48 Days35 Days-26.9%

Summary: Homes in DeBary-Orange City had an average of 35 days on market in Jan 2024, down by 26.9% compared to last year.

Breakdown of Home Sale Times

30 Homes Were Sold
Under 30 Days

22 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in DeBary-Orange City are selling fast, if you're buying plan to act quickly.

Summary: During January 2024, 56 homes were sold in DeBary-Orange City; 54% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 7% 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 23 Days Ago

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