Is Port Orange, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Port Orange has remained a Seller's Market.
Key Takeaway
Port Orange is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Port Orange, FL
How much do homes in Port Orange, FL cost?
Median Sold Price
$356,950
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Port Orange have sold for 4.8% less than they did a year ago.
Summary: The median home sold price in Port Orange was $356,950 in June 2024, down 4.8% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170K | - | N/A |
| 2 Bedrooms | $255K | $255K | 0.0% |
| 3 Bedrooms | $366.2K | $360K | -1.7% |
| 4 Bedrooms | $500K | $499.9K | 0% |
| 5+ Bedrooms | $636K | $785K | +23.4% |
Summary: Port Orange housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 1.7%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 23.4%.
Median Sold Price Compared To Nearby Cities
| South Daytona | $250.2K | $278.9K | +11.5% |
| Ponce Inlet | $657K | $633K | -3.7% |
| Port Orange | $375K | $356.9K | -4.8% |
| South Peninsula | $525K | $494K | -5.9% |
| Daytona Beach Shores | $445K | $415K | -6.7% |
Housing Supply in Port Orange, FL
How many homes are available in Port Orange, FL?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 262 | 257 | -1.9% |
Summary: The Port Orange real estate market had 257 homes for sale in June 2024, a 1.9% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 59 | 57 | -3.4% |
| 3 Bedrooms | 140 | 133 | -5.0% |
| 4 Bedrooms | 52 | 55 | +5.8% |
| 5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The Port Orange housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 3.4%, 3 bedroom homes decreased by 5%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 38 | 44 | +15.8% |
Asking Price vs. Sold Price
29 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 Port Orange, you may be able to get a good deal. 65.9% of homes here sold below asking price last month.
Summary: A total of 44 homes were sold or pending in Port Orange in June 2024, up by 15.8% month-over-month. Of the 44 sold homes, 66% were sold under asking, 23% were sold at asking, and 11% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 44 Days | 51 Days | +15.5% |
Summary: Homes in Port Orange had an average of 51 days on market in Jun 2024, up by 15.5% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Port Orange are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 44 homes were sold in Port Orange; 55% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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