Florida Life Market Report

New Smyrna Beach, FL

Single-Family Homes

Tim & Sarah Caudill - www.floridaliferealestate.com



New Smyrna Beach, FL

Sat Mar 02 2024
This week the median list price for New Smyrna Beach, FL is $609,900 with the market action index hovering around 30. This is an increase over last month's market action index of 28. Inventory has held steady at or around 311. 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 not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

New Smyrna Beach, FL

Sat Mar 02 2024
This week the median list price for New Smyrna Beach, FL is $609,900 with the market action index hovering around 30. This is an increase over last month's market action index of 28. Inventory has held steady at or around 311. 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 not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the New Smyrna Beach market.
Median List Price $609,900
Median Price of New Listings $498,000
Per Square Foot $260
Average Days on Market 105
Median Days on Market 77
Price Decreased 51%
Price Increased 9%
Relisted 17%
Inventory 311
Median Rent
Market Action 30
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
$1,499,900 3,407 0.25 - 0.5 acre 4 3 24 6 4 112
$748,500 2,202 8,000 - 10,000 sqft 3 2 39 5 7 84
$504,949 2,090 8,000 - 10,000 sqft 3 2 24 9 9 66
$369,945 1,873 6,500 - 8,000 sqft 3 2 17 11 14 63