Is Cinco Bayou, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cinco Bayou is a seller's market

Buyer's
Market

Difference Since July 2021

Since last year, Cinco Bayou has remained a Seller's Market.

Key Takeaway

Cinco Bayou is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Cinco Bayou, FL cost?

Median Sold Price

$286,000

$227/sqft

Based on all homes sold in the last 12 months.

Difference Since July 2021

+$71,000(+33.0%)

Key Takeaway

Homes in Cinco Bayou have sold for 33% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJul 2021Jul 2022%
1 $278K-
N/A
2 $162.7K$235K
+44.4%
3 $331.5K$575K
+73.5%
4 -$770K
N/A
5+ -$580K
N/A

Median Sold Price Compared To Nearby Cities

Cinco Bayou
+33.0%
Fort Walton Beach
+9.0%

How many homes are available in Cinco Bayou, FL?

Number of Homes For Sale

Jun 2022Jul 2022%
57+40.0%

Homes For Sale By Bedroom Count

# BEDSJun 2022Jul 2022%
1 00
0.0%
2 45
+25.0%
3 12
+100.0%
4 00
0.0%
5+ 00
0.0%

Number of Homes Sold

Jun 2022Jul 2022%
03+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cinco Bayou, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Average Sale Time

Jul 2021Jul 2022%
3 Days49 Days+1319.0%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Cinco Bayou are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Cinco Bayou, FL

There are 7 homes are for sale in Cinco Bayou, FL real estate market. The inventory of homes for sale in Cinco Bayou, FL between June 2022 and July 2022 increased by 40%. In July 2022, listings were on the market for 49 days. During the same period, the median list price in this real estate market was $286,000. Between June 2022 and July 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties prices increased by 0%, the cost of 2 bedrooms properties went up by 44.4%, 3 bedrooms properties prices increased by 73.5%, 4 bedrooms properties prices increased by 0%, 5 bedrooms properties became 0% more expensive. This housing market inventory have changed: number of 1 bedroom homes remained the same, 2 bedrooms homes inventory increased by 25%, 3 bedrooms homes inventory increased by 100%, the quantity of 4 bedrooms homes have not changed, 5 bedrooms homes did not move. While more than 1 listings in Cinco Bayou, FL in July 2022 were sold above asking price, there were more than 0 listings sold at asking price, and more than 2 were sold below.

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