Is North Peninsula, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Peninsula is a buyer's market

Buyer's
Market

Difference Since March 2023

Since last year, North Peninsula has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in North Peninsula, FL

How much do homes in North Peninsula, FL cost?

Median Sold Price

$340,333

$285/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$20,333(+6.4%)

Key Takeaway

Homes in North Peninsula have sold for 6.4% more than they did a year ago.

Summary: The median home sold price in North Peninsula was $340,333 in March 2024, up 6.4% from last year, and the median price per square foot was $285.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $180K$155K
-13.9%
2 $310K$320K
+3.2%
3 $429K$432K
+0.7%
4 $561.5K$712.5K
+26.9%
5+ $537.5K$601.2K
+11.9%

Summary: North Peninsula housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.9%, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 26.9%, and 5+ bedroom homes increased by 11.9%.

Median Sold Price Compared To Nearby Cities

Daytona Beach
+11.6%
North Peninsula
+6.4%
Ormond Beach
+5.8%
Daytona Beach Shores
-2.9%
Flagler Beach
-2.9%

Housing Supply in North Peninsula, FL

How many homes are available in North Peninsula, FL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
279305+9.3%

Summary: The North Peninsula real estate market had 305 homes for sale in March 2024, a 9.3% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 4644
-4.3%
2 131149
+13.7%
3 6777
+14.9%
4 2524
-4.0%
5+ 1011
+10.0%

Summary: The North Peninsula housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 4.3%, 2 bedroom homes increased by 13.7%, 3 bedroom homes increased by 14.9%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes increased by 10%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
2526+4.0%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Peninsula, you may be able to get a good deal. 80.8% of homes here sold below asking price last month.

Summary: A total of 26 homes were sold or pending in North Peninsula in March 2024, up by 4.0% month-over-month. Of the 26 sold homes, 81% were sold under asking, 15% were sold at asking, and 4% were sold over asking.

Days on Market for North Peninsula, FL

How long does it take to sell a home in North Peninsula, FL?

Average Sale Time

Mar 2023Mar 2024CHANGE
38 Days80 Days+107.2%

Summary: Homes in North Peninsula had an average of 80 days on market in Mar 2024, up by 107.2% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in North Peninsula has remained consistent over time.

Summary: During March 2024, 26 homes were sold in North Peninsula; 31% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 31% 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 24 Days Ago

Newest Listings in North Peninsula, FL

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