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 May 2023
At the same time last year, New Smyrna Beach was a Seller's Market.
Key Takeaway
New Smyrna Beach is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in New Smyrna Beach, FL
How much do homes in New Smyrna Beach, FL cost?
Median Sold Price
$435,369
$289/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in New Smyrna Beach have sold for 0.5% less than they did a year ago.
Summary: The median home sold price in New Smyrna Beach was $435,369 in May 2024, down 0.5% from last year, and the median price per square foot was $289.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $376K | $352.5K | -6.3% |
| 2 Bedrooms | $425K | $400K | -5.9% |
| 3 Bedrooms | $437K | $473.3K | +8.3% |
| 4 Bedrooms | $525K | $440.4K | -16.1% |
| 5+ Bedrooms | $924.9K | $735K | -20.5% |
Summary: New Smyrna Beach housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.3%, 2 bedroom homes decreased by 5.9%, 3 bedroom homes increased by 8.3%, 4 bedroom homes decreased by 16.1%, and 5+ bedroom homes decreased by 20.5%.
Median Sold Price Compared To Nearby Cities
| Ponce Inlet | $602.5K | $650K | +7.9% |
| Edgewater | $315K | $320K | +1.6% |
| South Peninsula | $502.5K | $507.5K | +1.0% |
| New Smyrna Beach | $437.7K | $435.3K | -0.5% |
| Port Orange | $375K | $359K | -4.3% |
Housing Supply in New Smyrna Beach, FL
How many homes are available in New Smyrna Beach, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 809 | 850 | +5.1% |
Summary: The New Smyrna Beach real estate market had 850 homes for sale in May 2024, a 5.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 38 | 51 | +34.2% |
| 2 Bedrooms | 258 | 281 | +8.9% |
| 3 Bedrooms | 348 | 342 | -1.7% |
| 4 Bedrooms | 129 | 132 | +2.3% |
| 5+ Bedrooms | 36 | 44 | +22.2% |
Summary: The New Smyrna Beach housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 34.2%, 2 bedroom homes increased by 8.9%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 121 | 116 | -4.1% |
Asking Price vs. Sold Price
91 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Smyrna Beach, you may be able to get a good deal. 78.4% of homes here sold below asking price last month.
Summary: A total of 116 homes were sold or pending in New Smyrna Beach in May 2024, down by 4.1% month-over-month. Of the 116 sold homes, 78% were sold under asking, 14% were sold at asking, and 8% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 45 Days | 76 Days | +69.3% |
Summary: Homes in New Smyrna Beach had an average of 76 days on market in May 2024, up by 69.3% compared to last year.
Breakdown of Home Sale Times
45 Homes Were Sold
Under 30 Days
41 Homes Were Sold
In 30 - 90 Days
30 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in New Smyrna Beach are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 116 homes were sold in New Smyrna Beach; 39% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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Copyright © 2024 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.
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© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.