The typical home value in
Groves
is projected to be
$330,000
for the month of
July.
June’s
finalized data reported the typical value of a home in the
neighborhood
to be
$330,000—down
11.05%
over the previous 12 months.
For comparison,
city-level
data pegged home values at
$332,500
in
Port Orange
for the most recent reporting period.
That number is expected to float around
$332,250
in
July.
Groves
had
2
new listings and
2
listings that went under contract in
June,
increasing
the area’s total available inventory to
4—up
33.33%
from the previous month. Inventory is projected to have further
increased
in
July.
The median listing price for homes in
Groves
grew
7.12%
from
May
to
June,
bringing the current median listing price to
$372,250.
Based on projected data for
July,
listing prices may continue to
grow.
The number of days that homes have been on the market prior to going under contract
rose
year-over-year. In
June 2025,
the median time for a listed property to go pending was
46
days, compared to
-43
days in
June 2024.
In recent months the median number of days from listed to pending appears to be steady.
That trend is predicted to have carried through to this
July.
