Is Port Orange, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Port Orange is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Port Orange was a Seller's Market.

Key Takeaway

Port Orange is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Port Orange, FL

How much do homes in Port Orange, FL cost?

Median Sold Price

$372,000

$226/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$2,000(+0.5%)

Key Takeaway

Homes in Port Orange have sold for 0.5% more than they did a year ago.

Summary: The median home sold price in Port Orange was $372,000 in February 2024, up 0.5% from last year, and the median price per square foot was $226.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $179.5K$125K
-30.4%
2 $255K$258.5K
+1.4%
3 $358.9K$370K
+3.1%
4 $454K$525K
+15.6%
5+ $681.5K$760K
+11.5%

Summary: Port Orange housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 30.4%, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 15.6%, and 5+ bedroom homes increased by 11.5%.

Median Sold Price Compared To Nearby Cities

South Daytona
+12.3%
Port Orange
0.5%
South Peninsula
-1.0%
Ponce Inlet
-1.1%
Daytona Beach Shores
-14.6%

Housing Supply in Port Orange, FL

How many homes are available in Port Orange, FL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
185212+14.6%

Summary: The Port Orange real estate market had 212 homes for sale in February 2024, a 14.6% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 4458
+31.8%
3 101112
+10.9%
4 3235
+9.4%
5+ 87
-12.5%

Summary: The Port Orange housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 31.8%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes decreased by 12.5%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
22220.0%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Port Orange, you may be able to get a good deal. 81.8% of homes here sold below asking price last month.

Summary: A total of 22 homes were sold or pending in Port Orange in February 2024, the same as the previous month. Of the 22 sold homes, 82% were sold under asking, 14% were sold at asking, and 5% were sold over asking.

Days on Market for Port Orange, FL

How long does it take to sell a home in Port Orange, FL?

Average Sale Time

Feb 2023Feb 2024CHANGE
47 Days44 Days-6.1%

Summary: Homes in Port Orange had an average of 44 days on market in Feb 2024, down by 6.1% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 22 homes were sold in Port Orange; 45% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 18% 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 4 Days Ago

Newest Listings in Port Orange, FL

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