Florida Life Market Report

New Smyrna Beach, FL

Single-Family Homes

Tim & Sarah Caudill - www.floridaliferealestate.com



New Smyrna Beach, FL

Sun Aug 01 2021
This week the median list price for New Smyrna Beach, FL is $579,900 with the market action index hovering around 47. This is less than last month's market action index of 48. Inventory has increased to 140. 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

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

Sun Aug 01 2021
This week the median list price for New Smyrna Beach, FL is $579,900 with the market action index hovering around 47. This is less than last month's market action index of 48. Inventory has increased to 140. 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

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 $579,900
Median Price of New Listings $351,360
Per Square Foot $295
Average Days on Market 77
Median Days on Market 39
Price Decreased 38%
Price Increased 7%
Relisted 15%
Inventory 140
Median Rent $2,500
Market Action 47
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
$1,100,000 2,948 0.25 - 0.5 acre 4 3 21 1 2 77
$699,000 1,909 8,000 - 10,000 sqft 3 2 38 4 3 84
$445,000 1,828 6,500 - 8,000 sqft 3 2 37 4 6 28
$279,000 1,491 6,500 - 8,000 sqft 3 2 43 10 8 21