Florida Life Market Report

New Smyrna Beach, FL

Single-Family Homes

Tim & Sarah Caudill - www.floridaliferealestate.com



New Smyrna Beach, FL

Wed May 22 2024
This week the median list price for New Smyrna Beach, FL is $579,000 with the market action index hovering around 34. This is an increase over last month's market action index of 33. Inventory has held steady at or around 315. 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

Wed May 22 2024
This week the median list price for New Smyrna Beach, FL is $579,000 with the market action index hovering around 34. This is an increase over last month's market action index of 33. Inventory has held steady at or around 315. 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 $579,000
Median Price of New Listings $529,500
Per Square Foot $277
Average Days on Market 103
Median Days on Market 63
Price Decreased 45%
Price Increased 5%
Relisted 12%
Inventory 315
Median Rent
Market Action 34
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
$1,510,000 3,119 0.25 - 0.5 acre 4 3.3 26 9 5 98
$729,000 1,985 8,000 - 10,000 sqft 3 2 43 5 9 70
$485,000 2,241 8,000 - 10,000 sqft 3 2 23 9 8 63
$365,000 1,779 6,500 - 8,000 sqft 3 2 35 10 14 49