$695,000
0.11 Acres
Land
Bobby Luthra, Listing Office: PROPERTY INVESTMENT BROKERS
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 November 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
$442,286
$284/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$3,430(+0.8%)
Key Takeaway
Homes in New Smyrna Beach have sold for 0.8% more than they did a year ago.
Summary: The median home sold price in New Smyrna Beach was $442,286 in November 2024, up 0.8% from last year, and the median price per square foot was $284.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $355K | $310K | -12.7% |
| 2 Bedrooms | $397K | $398.4K | 0.4% |
| 3 Bedrooms | $462.1K | $480.6K | +4.0% |
| 4 Bedrooms | $525K | $439.1K | -16.3% |
| 5+ Bedrooms | $530K | $889K | +67.7% |
Summary: New Smyrna Beach housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.7%, 2 bedroom homes increased by 0.4%, 3 bedroom homes increased by 4%, 4 bedroom homes decreased by 16.3%, and 5+ bedroom homes increased by 67.7%.
Median Sold Price Compared To Nearby Cities
| Edgewater | $320K | $329.9K | +3.1% |
| New Smyrna Beach | $438.8K | $442.2K | +0.8% |
| Port Orange | $366.4K | $364.3K | -0.6% |
| South Peninsula | $480.1K | $475K | -1.1% |
| Ponce Inlet | $622.5K | $612.9K | -1.5% |
Housing Supply in New Smyrna Beach, FL
How many homes are available in New Smyrna Beach, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 992 | 1,045 | +5.3% |
Summary: The New Smyrna Beach real estate market had 1,045 homes for sale in November 2024, a 5.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 37 | 44 | +18.9% |
| 2 Bedrooms | 316 | 346 | +9.5% |
| 3 Bedrooms | 425 | 433 | +1.9% |
| 4 Bedrooms | 152 | 158 | +3.9% |
| 5+ Bedrooms | 62 | 64 | +3.2% |
Summary: The New Smyrna Beach housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 18.9%, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 3.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 104 | 61 | -41.3% |
Asking Price vs. Sold Price
43 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
3 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. 70.5% of homes here sold below asking price last month.
Summary: A total of 61 homes were sold or pending in New Smyrna Beach in November 2024, down by 41.3% month-over-month. Of the 61 sold homes, 70% were sold under asking, 25% were sold at asking, and 5% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 83 Days | 102 Days | +22.7% |
Summary: Homes in New Smyrna Beach had an average of 102 days on market in Nov 2024, up by 22.7% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
37 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in New Smyrna Beach are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 61 homes were sold in New Smyrna Beach; 20% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 61% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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