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.
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
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
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
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.