Is Daytona 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, Daytona Beach was a Seller's Market.
Key Takeaway
Daytona Beach is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Daytona Beach, FL
How much do homes in Daytona Beach, FL cost?
Median Sold Price
$299,133
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Daytona Beach have sold for 13.7% more than they did a year ago.
Summary: The median home sold price in Daytona Beach was $299,133 in May 2024, up 13.7% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $159.9K | $150K | -6.2% |
| 2 Bedrooms | $250K | $255.5K | +2.2% |
| 3 Bedrooms | $284.9K | $309.9K | +8.8% |
| 4 Bedrooms | $360K | $407.5K | +13.2% |
| 5+ Bedrooms | $445K | $411.6K | -7.5% |
Summary: Daytona Beach housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.2%, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes decreased by 7.5%.
Median Sold Price Compared To Nearby Cities
| Daytona Beach | $263.1K | $299.1K | +13.7% |
| South Daytona | $251.7K | $279.2K | +10.9% |
| Holly Hill | $237.5K | $252.8K | +6.5% |
| Port Orange | $375K | $359K | -4.3% |
| Daytona Beach Shores | $465K | $440K | -5.4% |
Housing Supply in Daytona Beach, FL
How many homes are available in Daytona Beach, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 713 | 763 | +7.0% |
Summary: The Daytona Beach real estate market had 763 homes for sale in May 2024, a 7.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 92 | 105 | +14.1% |
| 2 Bedrooms | 243 | 267 | +9.9% |
| 3 Bedrooms | 260 | 269 | +3.5% |
| 4 Bedrooms | 89 | 89 | 0.0% |
| 5+ Bedrooms | 29 | 33 | +13.8% |
Summary: The Daytona Beach housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.1%, 2 bedroom homes increased by 9.9%, 3 bedroom homes increased by 3.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 13.8%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 99 | 100 | +1.0% |
Asking Price vs. Sold Price
63 Homes Were Sold
Under Asking
26 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Daytona Beach, you may be able to get a good deal. 63% of homes here sold below asking price last month.
Summary: A total of 100 homes were sold or pending in Daytona Beach in May 2024, up by 1.0% month-over-month. Of the 100 sold homes, 63% were sold under asking, 26% were sold at asking, and 11% were sold over asking.
Days on Market for Daytona Beach, FL
How long does it take to sell a home in Daytona Beach, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 51 Days | 58 Days | +14.5% |
Summary: Homes in Daytona Beach had an average of 58 days on market in May 2024, up by 14.5% compared to last year.
Breakdown of Home Sale Times
44 Homes Were Sold
Under 30 Days
36 Homes Were Sold
In 30 - 90 Days
20 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Daytona Beach are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 100 homes were sold in Daytona Beach; 44% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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