Ormond Beach, FL 32174 Real Estate Market Report

ZIP Code: 32174
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Ormond Beach, FL, average 6.3% compared to the 5.9% market average observed earlier in 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. median sold price 378,845 is the primary indicator of recent market value in 32174 and, combined with a median days on market 265, suggests a representative recent sale level amid slower sales velocity; sellers should consider realistic pricing or offer incentives to reduce time-to-contract.

2. The median listing price 422,000 sits noticeably above the median sold price, which may indicate pricing friction between seller expectations and transaction levels — this suggests agents should emphasize recent comparable solds in listing strategies and be prepared to negotiate rather than rely on list-price appreciation. pricing friction

3. The price year-over-year trend is up alongside a rent year-over-year trend is up, indicating continued upward pressure on both sale prices and market rents; investors and owners considering hold-versus-sell decisions should weigh strengthening rent fundamentals when assessing long-term cashflow potential. up

4. interest rate pressure moderate and the local property comparison noting 30-year fixed rates at 6.3% versus a 5.9% earlier average suggest affordability headwinds remain; expect sustained buyer sensitivity to financing costs and emphasize financing options and net-cost comparisons in marketing. moderate

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.

Ormond Beach, FL 32174 Real Estate Market Report

ZIP Code: 32174
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Ormond Beach, FL, average 6.3% compared to the 5.9% market average observed earlier in 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The neighborhood's primary market indicator, the median sold price, is $188,000, and the price year-over-year trend shows up, anchoring recent transaction-level valuation and suggesting modest appreciation pressure.

2. The median listing price at $199,900 exceeds the median sold price, which may indicate pricing friction between seller expectations and realized transactions in a market that appears neutral.

3. The median days on market is 442, signaling slower sales velocity and suggesting moderate liquidity pressure despite a relatively constrained active supply in the analyzed sample; this prolonged time-to-contract may require price or marketing adjustments to accelerate turnover (slow).

4. Median market rent at $1,650 combined with a rent year-over-year trend that is up supports ongoing rental demand, but moderate interest rate pressure—with 30-year averages cited at 6.3% compared to 5.9% earlier in 2026—may limit buyer affordability and keep some demand tilted toward leasing.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.