Florida Life Market Report

New Smyrna Beach, FL 32168

Single-Family Homes

Tim & Sarah Caudill - www.floridaliferealestate.com



New Smyrna Beach, FL 32168

Thu Feb 13 2025
This week the median list price for New Smyrna Beach, FL 32168 is $423,202 with the market action index hovering around 28. This is less than last month's market action index of 29. Inventory has increased to 270. 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 Buyer's Advantage

Market Narrative

While prices have been at a plateau for a number of weeks, this is a Buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.

New Smyrna Beach, FL 32168

Thu Feb 13 2025
This week the median list price for New Smyrna Beach, FL 32168 is $423,202 with the market action index hovering around 28. This is less than last month's market action index of 29. Inventory has increased to 270. 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 Buyer's Advantage

Market Narrative

While prices have been at a plateau for a number of weeks, this is a Buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.

Real-Time Market Profile

Never miss important changes in the New Smyrna Beach market.
Median List Price $423,202
Median Price of New Listings $444,950
Per Square Foot $253
Average Days on Market 120
Median Days on Market 77
Price Decreased 47%
Price Increased 5%
Relisted 16%
Inventory 270
Median Rent
Market Action 28
Slight Buyer's Advantage

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

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
$899,000 2,648 0.25 - 0.5 acre 4 3 21 2 5 63
$499,000 1,926 0.25 - 0.5 acre 3 2 24 11 5 77
$384,450 1,735 4,500 - 6,500 sqft 3 2 18 6 4 87
$305,000 1,326 6,500 - 8,000 sqft 2 2 44 5 2 119