Florida Life Market Report

New Smyrna Beach, FL

Single-Family Homes

Tim & Sarah Caudill - www.floridaliferealestate.com



New Smyrna Beach, FL

Sat Dec 03 2022
This week the median list price for New Smyrna Beach, FL is $553,250 with the market action index hovering around 35. This is less than last month's market action index of 36. Inventory has decreased to 158. 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

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

New Smyrna Beach, FL

Sat Dec 03 2022
This week the median list price for New Smyrna Beach, FL is $553,250 with the market action index hovering around 35. This is less than last month's market action index of 36. Inventory has decreased to 158. 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

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the New Smyrna Beach market.
Median List Price $553,250
Median Price of New Listings $407,450
Per Square Foot $231
Average Days on Market 89
Median Days on Market 63
Price Decreased 42%
Price Increased 1%
Relisted 20%
Inventory 158
Median Rent
Market Action 35
Slight Seller's Advantage

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. 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
$1,275,000 3,051 0.25 - 0.5 acre 3 3 19 2 4 84
$725,000 2,430 0.25 - 0.5 acre 3 2 35 2 7 77
$459,450 2,144 8,000 - 10,000 sqft 3 2 37 3 4 49
$327,000 1,661 8,000 - 10,000 sqft 3 2 36 7 4 45