Market Overview – June 2025
-
Median sale price: Approximately $329,000—up about 6 % year-over-year, yet still about 25 % below the national average.
-
Home values per Zillow ZHVI: Averaging around $257,400 as of June 30, with an 8.7 % decline over the past year.
-
Days on market: Homes remain available for roughly 82 days—longer than last year’s 73 days—suggesting reduced competition and more time for buyers .
-
Sales-to-list ratio: About 96 %; however, 80 % of homes sold below list price .
Why Buying in Daytona Beach Makes Sense
1. Affordability Compared to Other Coastal Cities
Daytona Beach offers a notably lower price point than other Florida metro areas. For instance, the typical home here averages $160–260 K, versus $320 K in Orlando and over $500 K in Fort Lauderdale.
2. Stable Appreciation Potential
Long‑term appreciation remains positive. Zillow previously recorded a 5.1 % annual gain, with another 2–3 % projected—even as local figures have softened recently . This demonstrates resilience despite broader market cooling.
3. Robust Rental and Seasonal Demand
Daytona Beach is a year-round destination. Events like Daytona 500, Bike Week, and spring break draw consistent tourist traffic. This supports both short‑term rental and vacation-home investment strategies.
4. Local Economic Strength
The economy is anchored by tourism, healthcare (e.g., Halifax Health, AdventHealth), and education institutions like Embry‑Riddle and Bethune‑Cookman . Infrastructure improvements—such as Trader Joe’s and Sprouts opening nearby—suggest confidence from national retailers.
Current Market Dynamics
-
Balanced conditions: Inventory is growing, giving buyers leverage without a full buyer's-market collapse .
-
Caution trending: In Florida generally, rising insurance costs, high HOA fees, and storm risks have weighed on sentiment. Prices are down about 3 % from spring 2024 highs.
Key Advantages for Buyers
| Benefit | Details |
|---|---|
| Affordability | Lower entry prices enable more achievable homeownership and stronger value retention |
| Lifestyle & Attractions | Miles of beaches, motorsports culture, festivals, parks, and educational institutions enhance quality of life |
| Rental Income Potential | Flexible investment model—personal use plus steady rental income from vacation or seasonal renters |
| Future Value Prospects | Infrastructure growth and regional demand support long-term appreciation |
| Negotiation Strength | Slower market pace means buyers can negotiate better terms and pricing |
Considerations & Risks
-
Insurance premiums remain a concern—coastal properties may face rising costs
-
Market-wide cooling suggests diligence is needed; do not overly rely on rapid appreciation.
-
Work with local experts to vet neighborhood stability, HOA fee structures, and insurance landscapes.
Final Thoughts
Daytona Beach stands out as a compelling market for both homeowners and investors seeking a coastal lifestyle without the premium price tag of major metros. The blend of affordability, strong demand drivers, and leisurely, event-rich coastal living provides a balanced opportunity—especially for those planning for the long term.
While certain statewide trends warrant caution, the specific market fundamentals in and around Daytona Beach offer distinctive advantages. Whether you're looking for a primary residence, vacation home, or rental property, now is a strategically advantageous time to explore opportunities here.