Is Navarre Beach, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Navarre Beach was a Seller's Market.
Housing Prices in Navarre Beach, FL
How much do homes in Navarre Beach, FL cost?
Median Sold Price
$881,000
$565/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Navarre Beach was $881,000 in May 2024, up 17.5% from last year, and the median price per square foot was $565.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $351.4K | $354K | +0.7% |
2 Bedrooms | $575K | $557.5K | -3.0% |
3 Bedrooms | $838.7K | $1.0M | +19.8% |
4 Bedrooms | $1.5M | $1.5M | -3.0% |
5+ Bedrooms | $1.8M | $2.5M | +40.4% |
Summary: Navarre Beach housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.7%, 2 bedroom homes decreased by 3%, 3 bedroom homes increased by 19.8%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes increased by 40.4%.
Median Sold Price Compared To Nearby Cities
Navarre Beach | $750K | $881K | +17.5% |
Holley-Navarre | $395K | $406.6K | +2.9% |
Gulf Breeze | $400K | $410K | +2.5% |
Housing Supply in Navarre Beach, FL
How many homes are available in Navarre Beach, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
67 | 63 | -6.0% |
Summary: The Navarre Beach real estate market had 63 homes for sale in May 2024, a 6.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 9 | 8 | -11.1% |
2 Bedrooms | 15 | 11 | -26.7% |
3 Bedrooms | 24 | 24 | 0.0% |
4 Bedrooms | 8 | 10 | +25.0% |
5+ Bedrooms | 11 | 10 | -9.1% |
Summary: The Navarre Beach housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.1%, 2 bedroom homes decreased by 26.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 4 | -55.6% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Navarre Beach in May 2024, down by 55.6% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Navarre Beach, FL
How long does it take to sell a home in Navarre Beach, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
79 Days | 133 Days | +67.9% |
Summary: Homes in Navarre Beach had an average of 133 days on market in May 2024, up by 67.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 4 homes were sold in Navarre Beach; 25% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 75% of homes were sold over 90 days.