Is Santa Rosa 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, Santa Rosa Beach was a Seller's Market.
Housing Prices in Santa Rosa Beach, FL
How much do homes in Santa Rosa Beach, FL cost?
Median Sold Price
$967,814
$529/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Santa Rosa Beach was $967,814 in May 2024, up 13.9% from last year, and the median price per square foot was $529.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $582.5K | $652.5K | +12.0% |
2 Bedrooms | $625K | $620K | -0.8% |
3 Bedrooms | $677.6K | $697K | +2.9% |
4 Bedrooms | $1.2M | $1.2M | +6.5% |
5+ Bedrooms | $2.5M | $2.6M | +4.7% |
Summary: Santa Rosa Beach housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12%, 2 bedroom homes decreased by 0.8%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 4.7%.
Median Sold Price Compared To Nearby Cities
Santa Rosa Beach | $849.9K | $967.8K | +13.9% |
Walton Beaches | $911.4K | $1.0M | +9.7% |
Miramar Beach | $731.6K | $750K | +2.5% |
Housing Supply in Santa Rosa Beach, FL
How many homes are available in Santa Rosa Beach, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
984 | 1,042 | +5.9% |
Summary: The Santa Rosa Beach real estate market had 1,042 homes for sale in May 2024, a 5.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 43 | 47 | +9.3% |
2 Bedrooms | 114 | 119 | +4.4% |
3 Bedrooms | 308 | 325 | +5.5% |
4 Bedrooms | 300 | 309 | +3.0% |
5+ Bedrooms | 219 | 242 | +10.5% |
Summary: The Santa Rosa Beach housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.3%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 10.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
107 | 85 | -20.6% |
Asking Price vs. Sold Price
69 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 85 homes were sold or pending in Santa Rosa Beach in May 2024, down by 20.6% month-over-month. Of the 85 sold homes, 81% were sold under asking, 12% were sold at asking, and 7% were sold over asking.
Days on Market for Santa Rosa Beach, FL
How long does it take to sell a home in Santa Rosa Beach, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
82 Days | 105 Days | +27.0% |
Summary: Homes in Santa Rosa Beach had an average of 105 days on market in May 2024, up by 27% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
26 Homes Were Sold
In 30 - 90 Days
35 Homes Were Sold
Over 90 Days
Summary: During May 2024, 85 homes were sold in Santa Rosa Beach; 28% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 41% of homes were sold over 90 days.