Is 32531, 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, 32531 was a Seller's Market.
Key Takeaway
32531 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 32531, FL
How much do homes in 32531, FL cost?
Median Sold Price
$320,000
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 32531 have sold for 14.6% less than they did a year ago.
Summary: The median home sold price in 32531 was $320,000 in March 2024, down 14.6% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $175K | $199.9K | +14.2% |
| 3 Bedrooms | $335K | $279.9K | -16.4% |
| 4 Bedrooms | $381.2K | $417.5K | +9.5% |
| 5+ Bedrooms | $550K | - | N/A |
Summary: 32531 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.2%, 3 bedroom homes decreased by 16.4%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 32536 | $304.9K | $310K | +1.7% |
| 32531 | $374.9K | $320K | -14.6% |
Housing Supply in 32531, FL
How many homes are available in 32531, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 34 | 38 | +11.8% |
Summary: The 32531 real estate market had 38 homes for sale in March 2024, a 11.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 13 | 16 | +23.1% |
| 4 Bedrooms | 18 | 18 | 0.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 32531 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 23.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 32531, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 32531 in March 2024, up by 25.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.
Days on Market for 32531, FL
How long does it take to sell a home in 32531, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 18 Days | 17 Days | -7.0% |
Summary: Homes in 32531 had an average of 17 days on market in Mar 2024, down by 7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 32531 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 5 homes were sold in 32531; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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.