Is North Peninsula, 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, North Peninsula was a Seller's Market.
Key Takeaway
North Peninsula is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in North Peninsula, FL
How much do homes in North Peninsula, FL cost?
Median Sold Price
$346,675
$280/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in North Peninsula have sold for 4.1% more than they did a year ago.
Summary: The median home sold price in North Peninsula was $346,675 in May 2024, up 4.1% from last year, and the median price per square foot was $280.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $180K | $142K | -21.1% |
| 2 Bedrooms | $320K | $310K | -3.1% |
| 3 Bedrooms | $418.2K | $453K | +8.3% |
| 4 Bedrooms | $545K | $700K | +28.4% |
| 5+ Bedrooms | $575K | $563.7K | -2.0% |
Summary: North Peninsula housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.1%, 2 bedroom homes decreased by 3.1%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 28.4%, and 5+ bedroom homes decreased by 2%.
Median Sold Price Compared To Nearby Cities
| Daytona Beach | $263.1K | $299.1K | +13.7% |
| Ormond Beach | $395.2K | $421.3K | +6.6% |
| North Peninsula | $332.9K | $346.6K | +4.1% |
| Daytona Beach Shores | $465K | $440K | -5.4% |
| Flagler Beach | $550K | $499.8K | -9.1% |
Housing Supply in North Peninsula, FL
How many homes are available in North Peninsula, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 304 | 329 | +8.2% |
Summary: The North Peninsula real estate market had 329 homes for sale in May 2024, a 8.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 37 | 46 | +24.3% |
| 2 Bedrooms | 148 | 162 | +9.5% |
| 3 Bedrooms | 81 | 80 | -1.2% |
| 4 Bedrooms | 26 | 25 | -3.8% |
| 5+ Bedrooms | 12 | 16 | +33.3% |
Summary: The North Peninsula housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 24.3%, 2 bedroom homes increased by 9.5%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 39 | 33 | -15.4% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Peninsula, you may be able to get a good deal. 84.8% of homes here sold below asking price last month.
Summary: A total of 33 homes were sold or pending in North Peninsula in May 2024, down by 15.4% month-over-month. Of the 33 sold homes, 85% were sold under asking, 9% were sold at asking, and 6% were sold over asking.
Days on Market for North Peninsula, FL
How long does it take to sell a home in North Peninsula, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 55 Days | 88 Days | +59.8% |
Summary: Homes in North Peninsula had an average of 88 days on market in May 2024, up by 59.8% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in North Peninsula has remained consistent over time.
Summary: During May 2024, 33 homes were sold in North Peninsula; 24% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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