Is Ormond 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, Ormond Beach was a Seller's Market.
Housing Prices in Ormond Beach, FL
How much do homes in Ormond Beach, FL cost?
Median Sold Price
$421,333
$238/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Ormond Beach was $421,333 in May 2024, up 6.6% from last year, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $185K | $70K | -62.2% |
2 Bedrooms | $310K | $330.3K | +6.6% |
3 Bedrooms | $400K | $425K | +6.3% |
4 Bedrooms | $482.5K | $546.7K | +13.3% |
5+ Bedrooms | $657K | $620K | -5.6% |
Summary: Ormond Beach housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 62.2%, 2 bedroom homes increased by 6.6%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes decreased by 5.6%.
Median Sold Price Compared To Nearby Cities
Daytona Beach | $263.1K | $299.1K | +13.7% |
Ormond Beach | $395.2K | $421.3K | +6.6% |
Holly Hill | $237.5K | $252.8K | +6.5% |
Central Volusia | $433.9K | $459.6K | +5.9% |
North Peninsula | $332.9K | $346.6K | +4.1% |
Housing Supply in Ormond Beach, FL
How many homes are available in Ormond Beach, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
462 | 494 | +6.9% |
Summary: The Ormond Beach real estate market had 494 homes for sale in May 2024, a 6.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 6 | +100.0% |
2 Bedrooms | 135 | 139 | +3.0% |
3 Bedrooms | 214 | 214 | 0.0% |
4 Bedrooms | 74 | 97 | +31.1% |
5+ Bedrooms | 36 | 38 | +5.6% |
Summary: The Ormond Beach housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 31.1%, and 5+ bedroom homes increased by 5.6%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
77 | 67 | -13.0% |
Asking Price vs. Sold Price
50 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 67 homes were sold or pending in Ormond Beach in May 2024, down by 13.0% month-over-month. Of the 67 sold homes, 75% were sold under asking, 19% were sold at asking, and 6% were sold over asking.
Days on Market for Ormond Beach, FL
How long does it take to sell a home in Ormond Beach, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
32 Days | 67 Days | +109.2% |
Summary: Homes in Ormond Beach had an average of 67 days on market in May 2024, up by 109.2% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
18 Homes Were Sold
Over 90 Days
Summary: During May 2024, 67 homes were sold in Ormond Beach; 45% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.