Florida Life Market Report

New Smyrna Beach, FL 32168

Single-Family Homes

Tim & Sarah Caudill - www.floridaliferealestate.com



New Smyrna Beach, FL 32168

Wed Feb 21 2024
This week the median list price for New Smyrna Beach, FL 32168 is $465,000 with the market action index hovering around 31. This is an increase over last month's market action index of 30. Inventory has held steady at or around 215. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

New Smyrna Beach, FL 32168

Wed Feb 21 2024
This week the median list price for New Smyrna Beach, FL 32168 is $465,000 with the market action index hovering around 31. This is an increase over last month's market action index of 30. Inventory has held steady at or around 215. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the New Smyrna Beach market.
Median List Price $465,000
Median Price of New Listings $509,900
Per Square Foot $213
Average Days on Market 95
Median Days on Market 70
Price Decreased 56%
Price Increased 3%
Relisted 17%
Inventory 215
Median Rent
Market Action 31
Slight Seller'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
$925,000 3,434 1 - 2.5 acres 3 3 23 7 1 112
$566,100 2,550 0.25 - 0.5 acre 3 2 22 3 3 63
$408,995 2,073 4,500 - 6,500 sqft 3 2 5 5 2 35
$349,663 1,718 6,500 - 8,000 sqft 3 2 36 4 2 70