Is Port Orange, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Port Orange is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Port Orange was a Seller's Market.

Key Takeaway

Port Orange is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Port Orange, FL

How much do homes in Port Orange, FL cost?

Median Sold Price

$361,000

$224/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$14,000(-3.7%)

Key Takeaway

Homes in Port Orange have sold for 3.7% less than they did a year ago.

Summary: The median home sold price in Port Orange was $361,000 in October 2024, down 3.7% from last year, and the median price per square foot was $224.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $157K$400K
+154.8%
2 $249.9K$276K
+10.4%
3 $373K$355K
-4.8%
4 $451.5K$490K
+8.5%
5+ $790K$785K
-0.6%

Summary: Port Orange housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 154.8%, 2 bedroom homes increased by 10.4%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes decreased by 0.6%.

Median Sold Price Compared To Nearby Cities

South Daytona
+13.1%
Daytona Beach Shores
+3.1%
Port Orange
-3.7%
Ponce Inlet
-7.5%
South Peninsula
-12.0%

Housing Supply in Port Orange, FL

How many homes are available in Port Orange, FL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
229241+5.2%

Summary: The Port Orange real estate market had 241 homes for sale in October 2024, a 5.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 21
-50.0%
2 4954
+10.2%
3 114119
+4.4%
4 4646
0.0%
5+ 1821
+16.7%

Summary: The Port Orange housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 10.2%, 3 bedroom homes increased by 4.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2825-10.7%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Port Orange, you may be able to get a good deal. 68% of homes here sold below asking price last month.

Summary: A total of 25 homes were sold or pending in Port Orange in October 2024, down by 10.7% month-over-month. Of the 25 sold homes, 68% were sold under asking, 20% were sold at asking, and 12% were sold over asking.

Days on Market for Port Orange, FL

How long does it take to sell a home in Port Orange, FL?

Average Sale Time

Oct 2023Oct 2024CHANGE
78 Days82 Days+4.7%

Summary: Homes in Port Orange had an average of 82 days on market in Oct 2024, up by 4.7% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Port Orange are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 25 homes were sold in Port Orange; 32% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 16 Days Ago

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