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 September 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

$348,783

$279/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$18,618(+5.6%)

Key Takeaway

Homes in North Peninsula have sold for 5.6% more than they did a year ago.

Summary: The median home sold price in North Peninsula was $348,783 in September 2024, up 5.6% from last year, and the median price per square foot was $279.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $156K$140K
-10.3%
2 $320K$307.5K
-3.9%
3 $419.4K$444.5K
+6.0%
4 $652.5K$652.5K
0.0%
5+ $500K$562.5K
+12.5%

Summary: North Peninsula housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.3%, 2 bedroom homes decreased by 3.9%, 3 bedroom homes increased by 6%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 12.5%.

Median Sold Price Compared To Nearby Cities

North Peninsula
+5.6%
Daytona Beach
+5.0%
Ormond Beach
0%
Daytona Beach Shores
-2.2%
Flagler Beach
-3.7%

Housing Supply in North Peninsula, FL

How many homes are available in North Peninsula, FL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
328337+2.7%

Summary: The North Peninsula real estate market had 337 homes for sale in September 2024, a 2.7% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 4755
+17.0%
2 151153
+1.3%
3 9591
-4.2%
4 2223
+4.5%
5+ 1315
+15.4%

Summary: The North Peninsula housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 17%, 2 bedroom homes increased by 1.3%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 15.4%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
4026-35.0%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

5 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. 73.1% of homes here sold below asking price last month.

Summary: A total of 26 homes were sold or pending in North Peninsula in September 2024, down by 35.0% month-over-month. Of the 26 sold homes, 73% were sold under asking, 19% were sold at asking, and 8% 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

Sep 2023Sep 2024CHANGE
81 Days114 Days+41.2%

Summary: Homes in North Peninsula had an average of 114 days on market in Sep 2024, up by 41.2% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

14 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in North Peninsula are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During September 2024, 26 homes were sold in North Peninsula; 19% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 54% 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 30 Days Ago

Newest Listings in North Peninsula, FL

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