$10,000 Closing Credit*
$1,399,000
2,288 SqFt
3 Beds
•3 Full Baths
Regina Heustess, Listing Office: KINCAID REALTY
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 October 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
$440,318
$294/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$246(-0.1%)
Key Takeaway
The sold price of homes in New Smyrna Beach has remained the same since last year.
Summary: The median home sold price in New Smyrna Beach was $440,318 in October 2024, down 0.1% from last year, and the median price per square foot was $294.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $355K | $335K | -5.6% |
| 2 Bedrooms | $410.1K | $405K | -1.3% |
| 3 Bedrooms | $462.3K | $479.7K | +3.8% |
| 4 Bedrooms | $525K | $440K | -16.2% |
| 5+ Bedrooms | $530K | $1.0M | +90.6% |
Summary: New Smyrna Beach housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.6%, 2 bedroom homes decreased by 1.3%, 3 bedroom homes increased by 3.8%, 4 bedroom homes decreased by 16.2%, and 5+ bedroom homes increased by 90.6%.
Median Sold Price Compared To Nearby Cities
| Edgewater | $314.9K | $322.7K | +2.5% |
| New Smyrna Beach | $440.5K | $440.3K | -0.1% |
| Port Orange | $375K | $361K | -3.7% |
| Ponce Inlet | $659K | $609.4K | -7.5% |
| South Peninsula | $523.9K | $461K | -12.0% |
Housing Supply in New Smyrna Beach, FL
How many homes are available in New Smyrna Beach, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 712 | 721 | +1.3% |
Summary: The New Smyrna Beach real estate market had 721 homes for sale in October 2024, a 1.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 38 | 33 | -13.2% |
| 2 Bedrooms | 221 | 241 | +9.0% |
| 3 Bedrooms | 285 | 285 | 0.0% |
| 4 Bedrooms | 118 | 114 | -3.4% |
| 5+ Bedrooms | 50 | 48 | -4.0% |
Summary: The New Smyrna Beach housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 13.2%, 2 bedroom homes increased by 9%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes decreased by 4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 68 | 67 | -1.5% |
Asking Price vs. Sold Price
55 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
4 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. 82.1% of homes here sold below asking price last month.
Summary: A total of 67 homes were sold or pending in New Smyrna Beach in October 2024, down by 1.5% month-over-month. Of the 67 sold homes, 82% were sold under asking, 12% were sold at asking, and 6% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 52 Days | 73 Days | +38.8% |
Summary: Homes in New Smyrna Beach had an average of 73 days on market in Oct 2024, up by 38.8% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
26 Homes Were Sold
In 30 - 90 Days
21 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in New Smyrna Beach has remained consistent over time.
Summary: During October 2024, 67 homes were sold in New Smyrna Beach; 30% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.
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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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