Florida Life Market Report

New Smyrna Beach, FL

Single-Family Homes

Tim & Sarah Caudill - www.floridaliferealestate.com



New Smyrna Beach, FL

Mon Feb 06 2023
This week the median list price for New Smyrna Beach, FL is $622,450 with the market action index hovering around 33. This is an increase over last month's market action index of 32. Inventory has increased to 156. Click here to stay informed with the New Smyrna Beach market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

New Smyrna Beach, FL

Mon Feb 06 2023
This week the median list price for New Smyrna Beach, FL is $622,450 with the market action index hovering around 33. This is an increase over last month's market action index of 32. Inventory has increased to 156. Click here to stay informed with the New Smyrna Beach market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Real-Time Market Profile

Never miss important changes in the New Smyrna Beach market.
Median List Price $622,450
Median Price of New Listings $695,000
Per Square Foot $253
Average Days on Market 93
Median Days on Market 56
Price Decreased 43%
Price Increased 0%
Relisted 21%
Inventory 156
Median Rent
Market Action 33
Slight Seller's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,250,000 3,100 0.25 - 0.5 acre 3 3 25 5 4 70
$719,000 2,100 0.25 - 0.5 acre 3 2 33 9 5 63
$515,000 2,404 0.25 - 0.5 acre 3 2 41 2 6 63
$362,000 1,675 8,000 - 10,000 sqft 3 2 43 5 7 42