Is Ormond Beach, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Ormond Beach was a Seller's Market.
Key Takeaway
Ormond Beach is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Ormond Beach, FL
How much do homes in Ormond Beach, FL cost?
Median Sold Price
$419,200
$239/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Ormond Beach have sold for 5.8% more than they did a year ago.
Summary: The median home sold price in Ormond Beach was $419,200 in March 2024, up 5.8% from last year, and the median price per square foot was $239.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $187.4K | $185K | -1.3% |
| 2 Bedrooms | $287.5K | $340K | +18.3% |
| 3 Bedrooms | $402.9K | $425K | +5.5% |
| 4 Bedrooms | $465.5K | $525K | +12.8% |
| 5+ Bedrooms | $634.1K | $620.5K | -2.1% |
Summary: Ormond Beach housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.3%, 2 bedroom homes increased by 18.3%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes decreased by 2.1%.
Median Sold Price Compared To Nearby Cities
| Central Volusia | $424.1K | $477K | +12.5% |
| Daytona Beach | $264.1K | $294.6K | +11.6% |
| North Peninsula | $320K | $340.3K | +6.4% |
| Holly Hill | $234K | $248K | +6.0% |
| Ormond Beach | $396.1K | $419.2K | +5.8% |
Housing Supply in Ormond Beach, FL
How many homes are available in Ormond Beach, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 395 | 435 | +10.1% |
Summary: The Ormond Beach real estate market had 435 homes for sale in March 2024, a 10.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 4 | +100.0% |
| 2 Bedrooms | 112 | 134 | +19.6% |
| 3 Bedrooms | 189 | 203 | +7.4% |
| 4 Bedrooms | 65 | 67 | +3.1% |
| 5+ Bedrooms | 27 | 27 | 0.0% |
Summary: The Ormond Beach housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 19.6%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 45 | 68 | +51.1% |
Asking Price vs. Sold Price
53 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
5 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. 77.9% of homes here sold below asking price last month.
Summary: A total of 68 homes were sold or pending in Ormond Beach in March 2024, up by 51.1% month-over-month. Of the 68 sold homes, 78% were sold under asking, 15% were sold at asking, and 7% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 77 Days | 66 Days | -15.1% |
Summary: Homes in Ormond Beach had an average of 66 days on market in Mar 2024, down by 15.1% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
23 Homes Were Sold
In 30 - 90 Days
21 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 March 2024, 68 homes were sold in Ormond Beach; 35% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.
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