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 November 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

$364,333

$223/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$2,084(-0.6%)

Key Takeaway

Homes in Port Orange have sold for 0.6% less than they did a year ago.

Summary: The median home sold price in Port Orange was $364,333 in November 2024, down 0.6% from last year, and the median price per square foot was $223.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $180K$400K
+122.2%
2 $273.3K$275K
+0.6%
3 $368.1K$360.8K
-2.0%
4 $501.5K$490K
-2.3%
5+ $744.4K$785K
+5.4%

Summary: Port Orange housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 122.2%, 2 bedroom homes increased by 0.6%, 3 bedroom homes decreased by 2%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes increased by 5.4%.

Median Sold Price Compared To Nearby Cities

South Daytona
+10.9%
Port Orange
-0.6%
South Peninsula
-1.1%
Daytona Beach Shores
-1.1%
Ponce Inlet
-1.5%

Housing Supply in Port Orange, FL

How many homes are available in Port Orange, FL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
642613-4.5%

Summary: The Port Orange real estate market had 613 homes for sale in November 2024, a 4.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 33
0.0%
2 136135
-0.7%
3 334314
-6.0%
4 119111
-6.7%
5+ 5050
0.0%

Summary: The Port Orange housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 0.7%, 3 bedroom homes decreased by 6%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
7049-30.0%

Asking Price vs. Sold Price

40 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

2 Homes Were 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. 81.6% of homes here sold below asking price last month.

Summary: A total of 49 homes were sold or pending in Port Orange in November 2024, down by 30.0% month-over-month. Of the 49 sold homes, 82% were sold under asking, 14% were sold at asking, and 4% 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

Nov 2023Nov 2024CHANGE
75 Days82 Days+9.5%

Summary: Homes in Port Orange had an average of 82 days on market in Nov 2024, up by 9.5% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

19 Homes Were Sold
In 30 - 90 Days

19 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Port Orange has remained consistent over time.

Summary: During November 2024, 49 homes were sold in Port Orange; 22% of homes were sold within 30 days, 39% 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 7 Days Ago

Newest Listings in Port Orange, FL

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