Is South Peninsula, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, South Peninsula has remained a Buyer's Market.
Housing Prices in South Peninsula, FL
How much do homes in South Peninsula, FL cost?
Median Sold Price
$500,000
$307/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in South Peninsula was $500,000 in April 2024, down 0.5% from last year, and the median price per square foot was $307.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $205K | $262.5K | +28.0% |
2 Bedrooms | $419K | $392.5K | -6.3% |
3 Bedrooms | $650K | $625K | -3.8% |
4 Bedrooms | $525K | $797.5K | +51.9% |
5+ Bedrooms | $1.2M | $1.8M | +47.4% |
Summary: South Peninsula housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 51.9%, and 5+ bedroom homes increased by 47.4%.
Median Sold Price Compared To Nearby Cities
South Daytona | $250K | $278.9K | +11.6% |
Daytona Beach Shores | $444K | $445K | 0.2% |
South Peninsula | $502.5K | $500K | -0.5% |
Ponce Inlet | $655K | $650K | -0.8% |
Port Orange | $375K | $365K | -2.7% |
Housing Supply in South Peninsula, FL
How many homes are available in South Peninsula, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
288 | 308 | +6.9% |
Summary: The South Peninsula real estate market had 308 homes for sale in April 2024, a 6.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 38 | 48 | +26.3% |
2 Bedrooms | 119 | 123 | +3.4% |
3 Bedrooms | 109 | 112 | +2.8% |
4 Bedrooms | 15 | 18 | +20.0% |
5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The South Peninsula housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 26.3%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 28 | +55.6% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 28 homes were sold or pending in South Peninsula in April 2024, up by 55.6% month-over-month. Of the 28 sold homes, 89% were sold under asking, 7% were sold at asking, and 4% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
84 Days | 79 Days | -5.5% |
Summary: Homes in South Peninsula had an average of 79 days on market in Apr 2024, down by 5.5% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During April 2024, 28 homes were sold in South Peninsula; 39% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.