Is Crestview, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Crestview is a neutral's market

Buyer's
Market

Difference Since August 2023

At the same time last year, Crestview was a Seller's Market.

Key Takeaway

Crestview 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 Crestview, FL

How much do homes in Crestview, FL cost?

Median Sold Price

$309,677

$172/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2023

+$1,529(+0.5%)

Key Takeaway

The sold price of homes in Crestview has remained the same since last year.

Summary: The median home sold price in Crestview was $309,677 in August 2024, up 0.5% from last year, and the median price per square foot was $172.

Median Sold Price By Bedroom Count

# BEDSAug 2023Aug 2024CHANGE
1 $202.5K$119.5K
-41.0%
2 $208K$200K
-3.8%
3 $270K$274.8K
+1.8%
4 $343.1K$339.9K
-0.9%
5+ $397.3K$392.4K
-1.2%

Summary: Crestview housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 41%, 2 bedroom homes decreased by 3.8%, 3 bedroom homes increased by 1.8%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes decreased by 1.2%.

Housing Supply in Crestview, FL

How many homes are available in Crestview, FL?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
685682-0.4%

Summary: The Crestview real estate market had 682 homes for sale in August 2024, a 0.4% decrease compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 22
0.0%
2 1922
+15.8%
3 281283
+0.7%
4 307301
-2.0%
5+ 7674
-2.6%

Summary: The Crestview housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 15.8%, 3 bedroom homes increased by 0.7%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes decreased by 2.6%.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
1071070.0%

Asking Price vs. Sold Price

49 Homes Were Sold
Under Asking

42 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Crestview, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.

Summary: A total of 107 homes were sold or pending in Crestview in August 2024, the same as the previous month. Of the 106 sold homes, 46% were sold under asking, 40% were sold at asking, and 14% were sold over asking.

Days on Market for Crestview, FL

How long does it take to sell a home in Crestview, FL?

Average Sale Time

Aug 2023Aug 2024CHANGE
39 Days76 Days+96.3%

Summary: Homes in Crestview had an average of 76 days on market in Aug 2024, up by 96.3% compared to last year.

Breakdown of Home Sale Times

43 Homes Were Sold
Under 30 Days

35 Homes Were Sold
In 30 - 90 Days

29 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During August 2024, 107 homes were sold in Crestview; 40% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.

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

Report Updated 18 Days Ago

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