Is Niceville, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Niceville has remained a Seller's Market.
Key Takeaway
Niceville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Niceville, FL
How much do homes in Niceville, FL cost?
Median Sold Price
$469,946
$247/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Niceville have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in Niceville was $469,946 in May 2024, up 5.1% from last year, and the median price per square foot was $247.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $187.9K | $190.8K | +1.5% |
| 2 Bedrooms | $265K | $263.5K | -0.6% |
| 3 Bedrooms | $381.6K | $405K | +6.1% |
| 4 Bedrooms | $590K | $620.5K | +5.2% |
| 5+ Bedrooms | $850K | $759.9K | -10.6% |
Summary: Niceville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.5%, 2 bedroom homes decreased by 0.6%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes decreased by 10.6%.
Median Sold Price Compared To Nearby Cities
| Niceville | $447.2K | $469.9K | +5.1% |
| Niceville-Valparaiso | $444K | $461K | +3.8% |
| Valparaiso | $387K | $389.4K | +0.6% |
Housing Supply in Niceville, FL
How many homes are available in Niceville, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 251 | 251 | 0.0% |
Summary: The Niceville real estate market had 251 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 25 | 27 | +8.0% |
| 3 Bedrooms | 110 | 115 | +4.5% |
| 4 Bedrooms | 93 | 90 | -3.2% |
| 5+ Bedrooms | 20 | 17 | -15.0% |
Summary: The Niceville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 4.5%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes decreased by 15%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 45 | 73 | +62.2% |
Asking Price vs. Sold Price
33 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Niceville, you may be able to get a good deal. 45.2% of homes here sold below asking price last month.
Summary: A total of 73 homes were sold or pending in Niceville in May 2024, up by 62.2% month-over-month. Of the 73 sold homes, 45% were sold under asking, 32% were sold at asking, and 23% were sold over asking.
Days on Market for Niceville, FL
How long does it take to sell a home in Niceville, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 42 Days | 40 Days | -4.6% |
Summary: Homes in Niceville had an average of 40 days on market in May 2024, down by 4.6% compared to last year.
Breakdown of Home Sale Times
51 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Niceville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 73 homes were sold in Niceville; 70% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
