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 buyer's market

Buyer's
Market

Difference Since September 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

$405,000

$234/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$83(0%)

Key Takeaway

The sold price of homes in Ormond Beach has remained the same since last year.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $185K$216.5K
+17.0%
2 $320K$335K
+4.7%
3 $418.1K$407K
-2.6%
4 $523.6K$544.7K
+4.0%
5+ $680K$625K
-8.1%

Summary: Ormond Beach housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17%, 2 bedroom homes increased by 4.7%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes increased by 4%, and 5+ bedroom homes decreased by 8.1%.

Median Sold Price Compared To Nearby Cities

North Peninsula
+5.6%
Holly Hill
+5.4%
Daytona Beach
+5.0%
Ormond Beach
0%
Central Volusia
0%

Housing Supply in Ormond Beach, FL

How many homes are available in Ormond Beach, FL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
494481-2.6%

Summary: The Ormond Beach real estate market had 481 homes for sale in September 2024, a 2.6% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 32
-33.3%
2 140126
-10.0%
3 209211
+1.0%
4 111112
+0.9%
5+ 3130
-3.2%

Summary: The Ormond Beach housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes decreased by 3.2%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
7454-27.0%

Asking Price vs. Sold Price

39 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

3 Homes Were 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. 72.2% of homes here sold below asking price last month.

Summary: A total of 54 homes were sold or pending in Ormond Beach in September 2024, down by 27.0% month-over-month. Of the 54 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

Sep 2023Sep 2024CHANGE
71 Days85 Days+19.5%

Summary: Homes in Ormond Beach had an average of 85 days on market in Sep 2024, up by 19.5% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

17 Homes Were Sold
In 30 - 90 Days

21 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 54 homes were sold in Ormond Beach; 30% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 39% 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

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