Florida Life Market Report

New Smyrna Beach, FL

Single-Family Homes

Tim & Sarah Caudill - www.floridaliferealestate.com



New Smyrna Beach, FL

Tue Mar 19 2024
This week the median list price for New Smyrna Beach, FL is $583,500 with the market action index hovering around 32. This is an increase over last month's market action index of 30. Inventory has decreased to 306. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

New Smyrna Beach, FL

Tue Mar 19 2024
This week the median list price for New Smyrna Beach, FL is $583,500 with the market action index hovering around 32. This is an increase over last month's market action index of 30. Inventory has decreased to 306. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the New Smyrna Beach market.
Median List Price $583,500
Median Price of New Listings $545,000
Per Square Foot $256
Average Days on Market 105
Median Days on Market 77
Price Decreased 54%
Price Increased 1%
Relisted 14%
Inventory 306
Median Rent
Market Action 32
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
$1,450,000 3,267 0.25 - 0.5 acre 3 3 29 3 7 98
$704,700 2,311 8,000 - 10,000 sqft 3 2 41 10 12 91
$499,000 2,090 8,000 - 10,000 sqft 3 2 21 13 9 63
$354,990 1,740 6,500 - 8,000 sqft 3 2 34 9 12 49