Is South Peninsula, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing South Peninsula is a buyer's market

Buyer's
Market

Difference Since August 2021

At the same time last year, South Peninsula was a Seller's Market.

Key Takeaway

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

How much do homes in South Peninsula, FL cost?

Median Sold Price

$502,500

$321/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$65,500(+15.0%)

Key Takeaway

Homes in South Peninsula have sold for 15% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $149K$212.5K
+42.6%
2 $350K$365K
+4.3%
3 $595.5K$625K
+5.0%
4 $925K$1.0M
+8.1%
5+ $1.0M$1.2M
+17.2%

Median Sold Price Compared To Nearby Cities

Daytona Beach Shores
+25.1%
Port Orange
+22.9%
Ponce Inlet
+18.4%
South Peninsula
+15.0%
South Daytona
+0.8%

How many homes are available in South Peninsula, FL?

Number of Homes For Sale

Jul 2022Aug 2022%
7179+11.3%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 88
0.0%
2 2629
+11.5%
3 2629
+11.5%
4 67
+16.7%
5+ 56
+20.0%

Number of Homes Sold

Jul 2022Aug 2022%
1011+10.0%

Asking Price vs. Sold Price

7 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 South Peninsula, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.

Average Sale Time

Aug 2021Aug 2022%
19 Days16 Days-13.4%

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About South Peninsula, FL

There are 79 homes are for sale in South Peninsula, FL real estate market. In August 2022 in South Peninsula, FL there were 11.3% more homes for sale than in July 2022. In August 2022 median list price was $502,500 and the average listing age was 16 days. From July 2022 through August 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties prices increased by 42.6%, the cost of 2 bedrooms properties went up by 4.3%, 3 bedrooms properties became 5% more expensive, prices of 4 bedrooms properties increased by 8.1%, the cost of 5 bedrooms properties went up by 17.2%. This housing market inventory have changed: the quantity of 1 bedroom homes have not changed, 2 bedrooms homes became 11.5% more available, 3 bedrooms homes became 11.5% more available, volume of 4 bedrooms homes went up by 16.7%, number of 5 bedrooms homes increased by 20%. In August 2022, from all listings sold in South Peninsula, FL there were more than 1 sold above asking price, over 7 sold below and more than 3 were sold right at the asked price.

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