Is South Peninsula, 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, South Peninsula was a Seller's Market.
Housing Prices in South Peninsula, FL
How much do homes in South Peninsula, FL cost?
Median Sold Price
$500,000
$311/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in South Peninsula was $500,000 in March 2024, down 1% from last year, and the median price per square foot was $311.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $205K | $218.2K | +6.4% |
2 Bedrooms | $436K | $390K | -10.6% |
3 Bedrooms | $649.9K | $650K | 0.0% |
4 Bedrooms | $525K | $830K | +58.1% |
5+ Bedrooms | $1.7M | $1.8M | +6.8% |
Summary: South Peninsula housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.4%, 2 bedroom homes decreased by 10.6%, 3 bedroom homes did not change, 4 bedroom homes increased by 58.1%, and 5+ bedroom homes increased by 6.8%.
Median Sold Price Compared To Nearby Cities
South Daytona | $250K | $278.9K | +11.6% |
Ponce Inlet | $657K | $667K | +1.5% |
South Peninsula | $505K | $500K | -1.0% |
Port Orange | $375K | $370.2K | -1.3% |
Daytona Beach Shores | $436K | $423.2K | -2.9% |
Housing Supply in South Peninsula, FL
How many homes are available in South Peninsula, FL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
245 | 301 | +22.9% |
Summary: The South Peninsula real estate market had 301 homes for sale in March 2024, a 22.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 31 | 42 | +35.5% |
2 Bedrooms | 97 | 121 | +24.7% |
3 Bedrooms | 99 | 115 | +16.2% |
4 Bedrooms | 13 | 15 | +15.4% |
5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The South Peninsula housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 35.5%, 2 bedroom homes increased by 24.7%, 3 bedroom homes increased by 16.2%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 18 | +38.5% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in South Peninsula in March 2024, up by 38.5% month-over-month. Of the 18 sold homes, 72% were sold under asking, 28% were sold at asking, and 0% were sold over asking.
Days on Market for South Peninsula, FL
How long does it take to sell a home in South Peninsula, FL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
70 Days | 57 Days | -18.5% |
Summary: Homes in South Peninsula had an average of 57 days on market in Mar 2024, down by 18.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 18 homes were sold in South Peninsula; 39% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.