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 buyer's market

Buyer's
Market

Difference Since September 2023

At the same time last year, New Smyrna Beach was a Seller's Market.

Key Takeaway

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

Housing Prices in New Smyrna Beach, FL

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

Median Sold Price

$436,807

$290/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$2,975(-0.7%)

Key Takeaway

Homes in New Smyrna Beach have sold for 0.7% less than they did a year ago.

Summary: The median home sold price in New Smyrna Beach was $436,807 in September 2024, down 0.7% from last year, and the median price per square foot was $290.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $362K$349K
-3.6%
2 $412.5K$404.9K
-1.8%
3 $455K$479.3K
+5.3%
4 $525K$441.9K
-15.8%
5+ $637.5K$887.5K
+39.2%

Summary: New Smyrna Beach housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.6%, 2 bedroom homes decreased by 1.8%, 3 bedroom homes increased by 5.3%, 4 bedroom homes decreased by 15.8%, and 5+ bedroom homes increased by 39.2%.

Median Sold Price Compared To Nearby Cities

Edgewater
+2.2%
New Smyrna Beach
-0.7%
Port Orange
-4.0%
Ponce Inlet
-4.6%
South Peninsula
-10.0%

Housing Supply in New Smyrna Beach, FL

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

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
763749-1.8%

Summary: The New Smyrna Beach real estate market had 749 homes for sale in September 2024, a 1.8% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 4040
0.0%
2 250242
-3.2%
3 296289
-2.4%
4 133128
-3.8%
5+ 4450
+13.6%

Summary: The New Smyrna Beach housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 3.2%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes increased by 13.6%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
10363-38.8%

Asking Price vs. Sold Price

50 Homes Were Sold
Under Asking

11 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. 79.4% of homes here sold below asking price last month.

Summary: A total of 63 homes were sold or pending in New Smyrna Beach in September 2024, down by 38.8% month-over-month. Of the 63 sold homes, 79% were sold under asking, 17% were sold at asking, and 3% were sold over asking.

Days on Market for New Smyrna Beach, FL

How long does it take to sell a home in New Smyrna Beach, FL?

Average Sale Time

Sep 2023Sep 2024CHANGE
52 Days86 Days+65.2%

Summary: Homes in New Smyrna Beach had an average of 86 days on market in Sep 2024, up by 65.2% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

24 Homes Were Sold
In 30 - 90 Days

21 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in New Smyrna Beach has remained consistent over time.

Summary: During September 2024, 63 homes were sold in New Smyrna Beach; 29% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 33% 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 5 Days Ago

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