Florida Life Market Report

New Smyrna Beach, FL

Single-Family Homes

Tim & Sarah Caudill - www.floridaliferealestate.com



New Smyrna Beach, FL

Fri Apr 23 2021
This week the median list price for New Smyrna Beach, FL is $607,450 with the market action index hovering around 48. This is an increase over last month's market action index of 46. Inventory has held steady at or around 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

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

New Smyrna Beach, FL

Fri Apr 23 2021
This week the median list price for New Smyrna Beach, FL is $607,450 with the market action index hovering around 48. This is an increase over last month's market action index of 46. Inventory has held steady at or around 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

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Real-Time Market Profile

Never miss important changes in the New Smyrna Beach market.
Median List Price $607,450
Per Square Foot $261
Days on Market 42
Price Decreased 28%
Price Increased 10%
Relisted 15%
Inventory 140
Median Rent $2,000
Most Expensive $3,950,000
Least Expensive $130,000
Market Action 48
Strong Seller's Market

While this week the median didn’t fluctuate much, we are relatively close to the market’s price high-point. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.

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
$1,250,000 3,191 0.25 - 0.5 acre 4 4 27 0 3 98
$705,000 2,424 0.25 - 0.5 acre 4 3 33 5 5 49
$475,000 2,102 8,000 - 10,000 sqft 3 2 33 8 9 28
$256,990 1,451 6,500 - 8,000 sqft 3 2 41 6 10 28