Florida Life Market Report

New Smyrna Beach, FL

Single-Family Homes

Tim & Sarah Caudill - www.floridaliferealestate.com



New Smyrna Beach, FL

Fri Oct 15 2021
This week the median list price for New Smyrna Beach, FL is $551,950 with the market action index hovering around 43. This is an increase over last month's market action index of 42. Inventory has decreased to 148. 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 Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

New Smyrna Beach, FL

Fri Oct 15 2021
This week the median list price for New Smyrna Beach, FL is $551,950 with the market action index hovering around 43. This is an increase over last month's market action index of 42. Inventory has decreased to 148. 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 Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Real-Time Market Profile

Never miss important changes in the New Smyrna Beach market.
Median List Price $551,950
Median Price of New Listings $380,991
Per Square Foot $273
Average Days on Market 80
Median Days on Market 56
Price Decreased 44%
Price Increased 9%
Relisted 15%
Inventory 148
Median Rent $2,600
Market Action 43
Slight Seller's Advantage

The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle.

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
$999,000 2,611 0.25 - 0.5 acre 4 3 21 2 1 140
$689,900 2,019 0.25 - 0.5 acre 3 3 38 4 5 63
$439,000 1,826 6,500 - 8,000 sqft 3 2 41 8 6 21
$310,000 1,514 6,500 - 8,000 sqft 3 2 18 11 15 21