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 June 2023

At the same time last year, North Peninsula was a Seller'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

$349,000

$279/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$19,280(+5.8%)

Key Takeaway

Homes in North Peninsula have sold for 5.8% more than they did a year ago.

Summary: The median home sold price in North Peninsula was $349,000 in June 2024, up 5.8% from last year, and the median price per square foot was $279.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $174K$140K
-19.5%
2 $320K$308.7K
-3.5%
3 $425K$441.4K
+3.9%
4 $564K$700K
+24.1%
5+ $575K$563.7K
-2.0%

Summary: North Peninsula housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.5%, 2 bedroom homes decreased by 3.5%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 24.1%, and 5+ bedroom homes decreased by 2%.

Median Sold Price Compared To Nearby Cities

Daytona Beach
+10.8%
Ormond Beach
+6.0%
North Peninsula
+5.8%
Flagler Beach
-5.7%
Daytona Beach Shores
-6.7%

Housing Supply in North Peninsula, FL

How many homes are available in North Peninsula, FL?

Number of Homes For Sale

May 2024Jun 2024CHANGE
326351+7.7%

Summary: The North Peninsula real estate market had 351 homes for sale in June 2024, a 7.7% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 4651
+10.9%
2 160168
+5.0%
3 8192
+13.6%
4 2324
+4.3%
5+ 1616
0.0%

Summary: The North Peninsula housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10.9%, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

May 2024Jun 2024CHANGE
3534-2.9%

Asking Price vs. Sold Price

28 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

2 Homes Were 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. 82.4% of homes here sold below asking price last month.

Summary: A total of 34 homes were sold or pending in North Peninsula in June 2024, down by 2.9% month-over-month. Of the 34 sold homes, 82% were sold under asking, 12% were sold at asking, and 6% 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

Jun 2023Jun 2024CHANGE
57 Days74 Days+28.9%

Summary: Homes in North Peninsula had an average of 74 days on market in Jun 2024, up by 28.9% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in North Peninsula are selling fast, if you're buying plan to act quickly.

Summary: During June 2024, 34 homes were sold in North Peninsula; 41% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 24% 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 26 Days Ago

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