Is New Smyrna Beach, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, New Smyrna Beach was a Seller's Market.
Housing Prices in New Smyrna Beach, FL
How much do homes in New Smyrna Beach, FL cost?
Median Sold Price
$433,591
$288/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in New Smyrna Beach was $433,591 in March 2024, down 1.4% from last year, and the median price per square foot was $288.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $360K | $352.5K | -2.1% |
2 Bedrooms | $431K | $408.7K | -5.2% |
3 Bedrooms | $431.5K | $474.4K | +9.9% |
4 Bedrooms | $530K | $449.9K | -15.1% |
5+ Bedrooms | $1.1M | $720K | -37.4% |
Summary: New Smyrna Beach housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.1%, 2 bedroom homes decreased by 5.2%, 3 bedroom homes increased by 9.9%, 4 bedroom homes decreased by 15.1%, and 5+ bedroom homes decreased by 37.4%.
Median Sold Price Compared To Nearby Cities
Ponce Inlet | $657K | $667K | +1.5% |
Edgewater | $315.3K | $315K | -0.1% |
South Peninsula | $505K | $500K | -1.0% |
Port Orange | $375K | $370.2K | -1.3% |
New Smyrna Beach | $439.6K | $433.5K | -1.4% |
Housing Supply in New Smyrna Beach, FL
How many homes are available in New Smyrna Beach, FL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
765 | 787 | +2.9% |
Summary: The New Smyrna Beach real estate market had 787 homes for sale in March 2024, a 2.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 42 | 46 | +9.5% |
2 Bedrooms | 234 | 259 | +10.7% |
3 Bedrooms | 329 | 331 | +0.6% |
4 Bedrooms | 118 | 114 | -3.4% |
5+ Bedrooms | 42 | 37 | -11.9% |
Summary: The New Smyrna Beach housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.5%, 2 bedroom homes increased by 10.7%, 3 bedroom homes increased by 0.6%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes decreased by 11.9%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
91 | 103 | +13.2% |
Asking Price vs. Sold Price
76 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 103 homes were sold or pending in New Smyrna Beach in March 2024, up by 13.2% month-over-month. Of the 103 sold homes, 74% were sold under asking, 20% were sold at asking, and 6% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
53 Days | 70 Days | +33.4% |
Summary: Homes in New Smyrna Beach had an average of 70 days on market in Mar 2024, up by 33.4% compared to last year.
Breakdown of Home Sale Times
44 Homes Were Sold
Under 30 Days
32 Homes Were Sold
In 30 - 90 Days
27 Homes Were Sold
Over 90 Days
Summary: During March 2024, 103 homes were sold in New Smyrna Beach; 43% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.