Is 32507, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 32507 was a Seller's Market.
Key Takeaway
32507 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 32507, FL
How much do homes in 32507, FL cost?
Median Sold Price
$502,500
$352/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 32507 have sold for 23.3% less than they did a year ago.
Summary: The median home sold price in 32507 was $502,500 in March 2024, down 23.3% from last year, and the median price per square foot was $352.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $355K | $423.2K | +19.2% |
| 2 Bedrooms | $522K | $432.5K | -17.1% |
| 3 Bedrooms | $663.2K | $492.5K | -25.7% |
| 4 Bedrooms | $890.6K | $1.1M | +29.1% |
| 5+ Bedrooms | $2.3M | $2.7M | +17.0% |
Summary: 32507 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.2%, 2 bedroom homes decreased by 17.1%, 3 bedroom homes decreased by 25.7%, 4 bedroom homes increased by 29.1%, and 5+ bedroom homes increased by 17%.
Housing Supply in 32507, FL
How many homes are available in 32507, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 132 | 159 | +20.5% |
Summary: The 32507 real estate market had 159 homes for sale in March 2024, a 20.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 9 | +28.6% |
| 2 Bedrooms | 47 | 51 | +8.5% |
| 3 Bedrooms | 44 | 58 | +31.8% |
| 4 Bedrooms | 22 | 29 | +31.8% |
| 5+ Bedrooms | 12 | 12 | 0.0% |
Summary: The 32507 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 28.6%, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 31.8%, 4 bedroom homes increased by 31.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 25 | +177.8% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 32507, you may be able to get a good deal. 91.7% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in 32507 in March 2024, up by 177.8% month-over-month. Of the 24 sold homes, 92% were sold under asking, 4% were sold at asking, and 4% were sold over asking.
Days on Market for 32507, FL
How long does it take to sell a home in 32507, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 18 Days | 83 Days | +353.4% |
Summary: Homes in 32507 had an average of 83 days on market in Mar 2024, up by 353.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 32507 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 25 homes were sold in 32507; 16% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
Listing information Copyright © 2024 Baldwin County Association of REALTORS®, Inc. All rights reserved. MLS IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
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Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange program of Central Panhandle Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Properties subject to prior sale, change, withdrawal or rental. Copyright© 2024 Central Panhandle Association of REALTORS.© All Rights Reserved.