Is New Smyrna Beach, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing New Smyrna Beach is a seller's market

Buyer's
Market

Difference Since November 2021

Since last year, New Smyrna Beach has remained a Seller's Market.

Key Takeaway

New Smyrna Beach is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in New Smyrna Beach, FL cost?

Median Sold Price

$475,050

$314/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$79,250(+20.0%)

Key Takeaway

Homes in New Smyrna Beach have sold for 20% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $170K$365K
+114.7%
2 $339.9K$450K
+32.4%
3 $417K$449K
+7.7%
4 $592.4K$692K
+16.8%
5+ $900K$1.5M
+66.7%

Median Sold Price Compared To Nearby Cities

Port Orange
+30.1%
Edgewater
+26.9%
New Smyrna Beach
+20.0%
Ponce Inlet
+17.0%
South Peninsula
+5.6%

How many homes are available in New Smyrna Beach, FL?

Number of Homes For Sale

Oct 2022Nov 2022%
154152-1.3%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 56
+20.0%
2 4543
-4.4%
3 8181
0.0%
4 1312
-7.7%
5+ 1010
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
2928-3.4%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in New Smyrna Beach, you may be able to get a good deal. 67.9% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
30 Days31 Days+4.3%

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About New Smyrna Beach, FL

Homes for sale in New Smyrna Beach, FL have reached 152. The number of homes for sale in New Smyrna Beach, FL decreased by 1.3% between October 2022 and November 2022. Listings spent 31 days on the market in November 2022, and had a median list price of $475,050 during the same period. This housing market listing prices have changed between October 2022 and November 2022: 1 bedroom properties prices increased by 114.7%, the cost of 2 bedrooms properties went up by 32.4%, 3 bedrooms properties became 7.7% more expensive, 4 bedrooms properties became 16.8% more expensive, the cost of 5 bedrooms properties went up by 66.7%. The following changes in the number of homes for sale were observed in this housing market: the quantity of 1 bedroom homes went up by 20%, the quantity of 2 bedrooms homes went down by 4.4%, 3 bedrooms homes inventory did not change, number of 4 bedrooms homes decreased by 7.7%, 5 bedrooms homes did not move. Over 2 listings were sold over their listed price in November 2022 in New Smyrna Beach, FL. In the same period over 19 listings were sold below the listed price and 7 listings were sold for the listed price.

Related Housing Market Reports