Is Central Volusia, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Central Volusia was a Seller's Market.
Key Takeaway
Central Volusia is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Central Volusia, FL
How much do homes in Central Volusia, FL cost?
Median Sold Price
$459,633
$237/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Central Volusia have sold for 5.9% more than they did a year ago.
Summary: The median home sold price in Central Volusia was $459,633 in May 2024, up 5.9% from last year, and the median price per square foot was $237.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $374.1K | $380K | +1.6% |
| 3 Bedrooms | $389.6K | $429.9K | +10.3% |
| 4 Bedrooms | $541K | $545K | +0.7% |
| 5+ Bedrooms | $606K | $650K | +7.3% |
Summary: Central Volusia housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes increased by 7.3%.
Median Sold Price Compared To Nearby Cities
| Daytona Beach | $263.1K | $299.1K | +13.7% |
| Central Volusia | $433.9K | $459.6K | +5.9% |
| Edgewater | $315K | $320K | +1.6% |
| New Smyrna Beach | $437.7K | $435.3K | -0.5% |
| Port Orange | $375K | $359K | -4.3% |
Housing Supply in Central Volusia, FL
How many homes are available in Central Volusia, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 267 | 304 | +13.9% |
Summary: The Central Volusia real estate market had 304 homes for sale in May 2024, a 13.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 45 | 45 | 0.0% |
| 3 Bedrooms | 116 | 129 | +11.2% |
| 4 Bedrooms | 89 | 107 | +20.2% |
| 5+ Bedrooms | 17 | 23 | +35.3% |
Summary: The Central Volusia housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 11.2%, 4 bedroom homes increased by 20.2%, and 5+ bedroom homes increased by 35.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 46 | 38 | -17.4% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Central Volusia, you may be able to get a good deal. 65.8% of homes here sold below asking price last month.
Summary: A total of 38 homes were sold or pending in Central Volusia in May 2024, down by 17.4% month-over-month. Of the 38 sold homes, 66% were sold under asking, 29% were sold at asking, and 5% were sold over asking.
Days on Market for Central Volusia, FL
How long does it take to sell a home in Central Volusia, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 53 Days | 39 Days | -26.2% |
Summary: Homes in Central Volusia had an average of 39 days on market in May 2024, down by 26.2% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Central Volusia are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 38 homes were sold in Central Volusia; 50% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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