Is Ormond Beach, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ormond Beach is a seller's market

Buyer's
Market

Difference Since August 2021

Since last year, Ormond Beach has remained a Seller's Market.

Key Takeaway

Ormond Beach is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Ormond Beach, FL cost?

Median Sold Price

$375,000

$202/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$75,100(+25.0%)

Key Takeaway

Homes in Ormond Beach have sold for 25% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $95K$187.4K
+97.3%
2 $212.1K$245K
+15.5%
3 $285K$349.9K
+22.8%
4 $355K$457.4K
+28.9%
5+ $540K$634.1K
+17.4%

Median Sold Price Compared To Nearby Cities

Ormond Beach
+25.0%
Daytona Beach
+18.9%
Central Volusia
+12.4%
Holly Hill
+10.6%
North Peninsula
+6.7%

How many homes are available in Ormond Beach, FL?

Number of Homes For Sale

Jul 2022Aug 2022%
7566-12.0%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 21
-50.0%
2 1711
-35.3%
3 2626
0.0%
4 2015
-25.0%
5+ 1013
+30.0%

Number of Homes Sold

Jul 2022Aug 2022%
2523-8.0%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ormond Beach, you may be able to get a good deal. 73.9% of homes here sold below asking price last month.

Average Sale Time

Aug 2021Aug 2022%
23 Days19 Days-15.3%

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Ormond Beach, FL

Homes for sale in Ormond Beach, FL have reached 66. The number of listings in Ormond Beach, FL decreased by 12% between July 2022 and August 2022. Listings spent 19 days on the market in August 2022, and had a median list price of $375,000 during the same period. Listing prices have changed in this real estate market between July 2022 and August 2022: 1 bedroom properties became 97.3% more expensive, the cost of 2 bedrooms properties went up by 15.5%, 3 bedrooms properties became 22.8% more expensive, 4 bedrooms properties prices increased by 28.9%, prices of 5 bedrooms properties increased by 17.4%. Housing inventory have changed in this real estate market: 1 bedroom homes inventory decreased by 50%, number of 2 bedrooms homes decreased by 35.3%, volume of 3 bedrooms homes stayed the same, the quantity of 4 bedrooms homes went down by 25%, number of 5 bedrooms homes increased by 30%. Ormond Beach, FL housing market in August 2022 saw over 1 listings sold above listed price, more than 5 sold at listed price and over 17 sold below.

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