Is New Smyrna Beach, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, New Smyrna Beach was a Seller's Market.
Housing Prices in New Smyrna Beach, FL
How much do homes in New Smyrna Beach, FL cost?
Median Sold Price
$435,078
$290/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in New Smyrna Beach was $435,078 in April 2024, down 1% from last year, and the median price per square foot was $290.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $410K | $350K | -14.6% |
2 Bedrooms | $425K | $405K | -4.7% |
3 Bedrooms | $437.2K | $479K | +9.5% |
4 Bedrooms | $522.9K | $441.9K | -15.5% |
5+ Bedrooms | $899.9K | $735K | -18.3% |
Summary: New Smyrna Beach housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.6%, 2 bedroom homes decreased by 4.7%, 3 bedroom homes increased by 9.5%, 4 bedroom homes decreased by 15.5%, and 5+ bedroom homes decreased by 18.3%.
Median Sold Price Compared To Nearby Cities
Edgewater | $315K | $316.7K | +0.6% |
South Peninsula | $502.5K | $500K | -0.5% |
Ponce Inlet | $655K | $650K | -0.8% |
New Smyrna Beach | $439.4K | $435K | -1.0% |
Port Orange | $375K | $365K | -2.7% |
Housing Supply in New Smyrna Beach, FL
How many homes are available in New Smyrna Beach, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
775 | 825 | +6.5% |
Summary: The New Smyrna Beach real estate market had 825 homes for sale in April 2024, a 6.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 45 | 48 | +6.7% |
2 Bedrooms | 247 | 269 | +8.9% |
3 Bedrooms | 332 | 342 | +3.0% |
4 Bedrooms | 114 | 126 | +10.5% |
5+ Bedrooms | 37 | 40 | +8.1% |
Summary: The New Smyrna Beach housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.7%, 2 bedroom homes increased by 8.9%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 8.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
104 | 117 | +12.5% |
Asking Price vs. Sold Price
91 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 117 homes were sold or pending in New Smyrna Beach in April 2024, up by 12.5% month-over-month. Of the 117 sold homes, 78% were sold under asking, 18% were sold at asking, and 4% were sold over asking.
Days on Market for New Smyrna Beach, FL
How long does it take to sell a home in New Smyrna Beach, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
58 Days | 66 Days | +14.1% |
Summary: Homes in New Smyrna Beach had an average of 66 days on market in Apr 2024, up by 14.1% compared to last year.
Breakdown of Home Sale Times
48 Homes Were Sold
Under 30 Days
37 Homes Were Sold
In 30 - 90 Days
32 Homes Were Sold
Over 90 Days
Summary: During April 2024, 117 homes were sold in New Smyrna Beach; 41% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.