Is South Daytona, 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, South Daytona was a Seller's Market.
Key Takeaway
South Daytona is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in South Daytona, FL
How much do homes in South Daytona, FL cost?
Median Sold Price
$279,240
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in South Daytona have sold for 10.9% more than they did a year ago.
Summary: The median home sold price in South Daytona was $279,240 in May 2024, up 10.9% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $136K | N/A |
| 2 Bedrooms | $176.5K | $165K | -6.5% |
| 3 Bedrooms | $275K | $293.4K | +6.7% |
| 4 Bedrooms | $325K | $320K | -1.5% |
| 5+ Bedrooms | $425K | $1.5M | +254.1% |
Summary: South Daytona 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 decreased by 6.5%, 3 bedroom homes increased by 6.7%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes increased by 254.1%.
Median Sold Price Compared To Nearby Cities
| Daytona Beach | $263.1K | $299.1K | +13.7% |
| South Daytona | $251.7K | $279.2K | +10.9% |
| South Peninsula | $502.5K | $507.5K | +1.0% |
| Port Orange | $375K | $359K | -4.3% |
Housing Supply in South Daytona, FL
How many homes are available in South Daytona, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 67 | 82 | +22.4% |
Summary: The South Daytona real estate market had 82 homes for sale in May 2024, a 22.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 25 | 31 | +24.0% |
| 3 Bedrooms | 35 | 40 | +14.3% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The South Daytona housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 24%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 13 | +225.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in South Daytona, you may be able to get a good deal. 76.9% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in South Daytona in May 2024, up by 225.0% month-over-month. Of the 13 sold homes, 77% were sold under asking, 15% were sold at asking, and 8% were sold over asking.
Days on Market for South Daytona, FL
How long does it take to sell a home in South Daytona, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 29 Days | 49 Days | +68.3% |
Summary: Homes in South Daytona had an average of 49 days on market in May 2024, up by 68.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South Daytona are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 13 homes were sold in South Daytona; 46% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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