Florida Life Market Report

New Smyrna Beach, FL

Single-Family Homes

Tim & Sarah Caudill - www.floridaliferealestate.com



New Smyrna Beach, FL

Sat Jan 23 2021
This week the median list price for New Smyrna Beach, FL is $535,059 with the market action index hovering around 36. This is an increase over last month's market action index of 35. Inventory has held steady at or around 208. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

New Smyrna Beach, FL

Sat Jan 23 2021
This week the median list price for New Smyrna Beach, FL is $535,059 with the market action index hovering around 36. This is an increase over last month's market action index of 35. Inventory has held steady at or around 208. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the New Smyrna Beach market.
Median List Price $535,059
Per Square Foot $245
Days on Market 118
Price Decreased 33%
Price Increased 10%
Relisted 20%
Inventory 208
Median Rent $1,925
Most Expensive $3,590,000
Least Expensive $85,500
Market Action 36
Slight Seller's Advantage

Despite this week’s up tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.

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
$1,212,500 2,656 0.25 - 0.5 acre 4 3 31 5 2 120
$644,838 2,337 0.25 - 0.5 acre 4 3 29 5 4 123
$399,900 1,730 0.25 - 0.5 acre 3 2 40 5 9 123
$274,200 1,679 4,500 - 6,500 sqft 3 2 2 11 15 102