Ormond Beach, FL 32174 Real Estate Market Report

ZIP Code: 32174
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of April 2026, the real estate market in Ormond Beach is characterized by a median sold price of $367,000, reflecting a shift towards a more balanced environment. This transition is underscored by a down trend in prices, indicating a 8% decrease since 2022. The current median days on market stands at 365, suggesting a slower sales velocity and elevated inventory levels relative to recent transaction activity.

Despite the cooling market, the rental sector remains robust, with a median market rent of $1,750, indicating strong demand for rental properties. The overall market temperature is neutral, suggesting that while prices are stabilizing, the dynamics of supply and demand are adjusting, potentially creating opportunities for buyers in this evolving landscape.

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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

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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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 are averaging 6.54% compared to approximately 5.65% in early 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 median sold price of $367,000 indicates a down trend in pricing, reflecting a shift towards a more balanced market.

2. With median days on market at 365, the market is experiencing a slower sales velocity, suggesting elevated inventory levels relative to sales activity.

3. The median listing price of $395,000 shows a significant gap compared to the median sold price, indicating potential pricing friction for sellers.

4. The median market rent of $1,750 continues to rise, highlighting strong demand in the rental market despite overall price adjustments in sales.

5. Current interest rates are elevated, with 30-year fixed mortgage rates averaging 6.54%, which may impact buyer affordability and market activity.

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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.