Volusia County 2024 Real Estate Market Recap
Volusia County’s real estate market in 2024 saw a blend of steady growth in home values and a slight cooling in sales activity compared to 2023. From record-breaking luxury sales to a rise in median prices, here’s a comprehensive look at the key metrics and trends shaping the market.
Key Market Insights
- Total Properties Sold: 7,822, a decrease from 8,295 in 2023.
- Median Sold Price: $350,000, up 6.7% from $328,000 in 2023.
- Median Days on Market: 38 days, a significant rise from 24 days in 2023.
- Total Sales Volume: Over $3.1 billion, down slightly from $3.2 billion in 2023.
Breakdown by Property Type
- Single-family homes: 6,315
- Townhouses: 360
- Condos: 784
The bulk of sales activity occurred in the $300,000-$350,000 price range, reflecting strong demand in the mid-market segment.
Buyer Trends
- Cash Sales: 2,451 properties
- Financing Sales: 5,219 properties
Sellers received an average of 95.7% of their original list price, a slight decline from 96.8% in 2023, indicating minor market softening.
Luxury Market Highlights
- Highest Sale: A breathtaking 7,400 sq. ft. home in New Smyrna Beach, built in 2005, sold for $5,700,000. View Property Details
- Million-Dollar Sales: 180 homes sold for $1M+, up from 172 in 2023, showcasing continued growth in Volusia County’s luxury market.
What These Trends Mean
The increase in median home prices and days on market suggests a market adjusting to rising interest rates and evolving buyer behavior. While overall sales volume dipped slightly, demand remains robust, especially in the mid-tier and luxury sectors.
Looking Ahead to 2025
As Volusia County continues to attract both local and out-of-state buyers, expect steady demand for single-family homes and condos, especially in coastal areas like New Smyrna Beach and Daytona Beach. Whether you’re a buyer or seller, staying informed about these trends will help you make smart real estate decisions.
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