Is Ormond Beach, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Ormond Beach was a Seller's Market.
Key Takeaway
Ormond Beach is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Ormond Beach, FL
How much do homes in Ormond Beach, FL cost?
Median Sold Price
$418,325
$237/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Ormond Beach have sold for 6% more than they did a year ago.
Summary: The median home sold price in Ormond Beach was $418,325 in June 2024, up 6% from last year, and the median price per square foot was $237.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185K | $209K | +13.0% |
| 2 Bedrooms | $305K | $340.5K | +11.6% |
| 3 Bedrooms | $400K | $418K | +4.5% |
| 4 Bedrooms | $497.4K | $555K | +11.6% |
| 5+ Bedrooms | $680K | $616K | -9.4% |
Summary: Ormond Beach housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13%, 2 bedroom homes increased by 11.6%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes decreased by 9.4%.
Median Sold Price Compared To Nearby Cities
| Daytona Beach | $269.8K | $298.9K | +10.8% |
| Holly Hill | $235K | $259.9K | +10.6% |
| Ormond Beach | $394.7K | $418.3K | +6.0% |
| North Peninsula | $329.7K | $349K | +5.8% |
| Central Volusia | $446K | $458.5K | +2.8% |
Housing Supply in Ormond Beach, FL
How many homes are available in Ormond Beach, FL?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 491 | 524 | +6.7% |
Summary: The Ormond Beach real estate market had 524 homes for sale in June 2024, a 6.7% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 8 | +33.3% |
| 2 Bedrooms | 136 | 151 | +11.0% |
| 3 Bedrooms | 219 | 219 | 0.0% |
| 4 Bedrooms | 92 | 107 | +16.3% |
| 5+ Bedrooms | 38 | 39 | +2.6% |
Summary: The Ormond Beach housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 11%, 3 bedroom homes remained the same, 4 bedroom homes increased by 16.3%, and 5+ bedroom homes increased by 2.6%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 68 | 65 | -4.4% |
Asking Price vs. Sold Price
47 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ormond Beach, you may be able to get a good deal. 72.3% of homes here sold below asking price last month.
Summary: A total of 65 homes were sold or pending in Ormond Beach in June 2024, down by 4.4% month-over-month. Of the 65 sold homes, 72% were sold under asking, 22% were sold at asking, and 6% were sold over asking.
Days on Market for Ormond Beach, FL
How long does it take to sell a home in Ormond Beach, FL?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 49 Days | 81 Days | +63.6% |
Summary: Homes in Ormond Beach had an average of 81 days on market in Jun 2024, up by 63.6% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
17 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ormond Beach are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 65 homes were sold in Ormond Beach; 46% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.
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