Florida Life Market Report

New Smyrna Beach, FL

Single-Family Homes

Tim & Sarah Caudill - www.floridaliferealestate.com



New Smyrna Beach, FL

Fri Jul 01 2022
This week the median list price for New Smyrna Beach, FL is $745,000 with the market action index hovering around 52. This is less than last month's market action index of 58. Inventory has increased to 123. 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.

Strong Seller's Market

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

New Smyrna Beach, FL

Fri Jul 01 2022
This week the median list price for New Smyrna Beach, FL is $745,000 with the market action index hovering around 52. This is less than last month's market action index of 58. Inventory has increased to 123. 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.

Strong Seller's Market

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the New Smyrna Beach market.
Median List Price $745,000
Median Price of New Listings $464,950
Per Square Foot $336
Average Days on Market 60
Median Days on Market 35
Price Decreased 34%
Price Increased 4%
Relisted 11%
Inventory 123
Median Rent
Market Action 52
Strong Seller's Market

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
$1,662,500 2,581 0.25 - 0.5 acre 4 3 28 3 2 66
$839,900 2,163 0.25 - 0.5 acre 3 2.8 37 4 0 42
$549,000 1,841 8,000 - 10,000 sqft 3 2 32 5 4 28
$359,500 1,400 0.25 - 0.5 acre 3 2 45 10 8 21