Florida Life Market Report

Port Orange, FL

Single-Family Homes

Tim & Sarah Caudill - www.floridaliferealestate.com



Port Orange, FL

Wed Feb 21 2024
This week the median list price for Port Orange, FL is $455,000 with the market action index hovering around 31. This is an increase over last month's market action index of 30. Inventory has decreased to 237. Click here to stay informed with the Port Orange 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.

Port Orange, FL

Wed Feb 21 2024
This week the median list price for Port Orange, FL is $455,000 with the market action index hovering around 31. This is an increase over last month's market action index of 30. Inventory has decreased to 237. Click here to stay informed with the Port Orange 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 Port Orange market.
Median List Price $455,000
Median Price of New Listings $599,950
Per Square Foot $184
Average Days on Market 114
Median Days on Market 70
Price Decreased 50%
Price Increased 3%
Relisted 8%
Inventory 237
Median Rent
Market Action 31
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
$1,100,000 3,979 0.25 - 0.5 acre 3 3 32 6 3 70
$530,000 2,736 8,000 - 10,000 sqft 3 2 28 8 6 70
$412,000 2,444 8,000 - 10,000 sqft 3 2 28 5 9 84
$299,900 1,812 8,000 - 10,000 sqft 3 2 42 3 9 66