Is Fort Walton Beach, 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, Fort Walton Beach was a Seller's Market.
Key Takeaway
Fort Walton Beach is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Fort Walton Beach, FL
How much do homes in Fort Walton Beach, FL cost?
Median Sold Price
$349,753
$232/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Fort Walton Beach have sold for 4.6% more than they did a year ago.
Summary: The median home sold price in Fort Walton Beach was $349,753 in March 2024, up 4.6% from last year, and the median price per square foot was $232.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $325.6K | $435K | +33.6% |
| 2 Bedrooms | $239K | $284K | +18.8% |
| 3 Bedrooms | $315K | $335K | +6.3% |
| 4 Bedrooms | $425K | $420K | -1.2% |
| 5+ Bedrooms | $476K | $492K | +3.4% |
Summary: Fort Walton Beach housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 33.6%, 2 bedroom homes increased by 18.8%, 3 bedroom homes increased by 6.3%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes increased by 3.4%.
Median Sold Price Compared To Nearby Cities
| Mary Esther | $315.9K | $335.4K | +6.2% |
| Fort Walton Beach | $334.5K | $349.7K | +4.6% |
Housing Supply in Fort Walton Beach, FL
How many homes are available in Fort Walton Beach, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 416 | 464 | +11.5% |
Summary: The Fort Walton Beach real estate market had 464 homes for sale in March 2024, a 11.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 48 | 63 | +31.3% |
| 2 Bedrooms | 113 | 129 | +14.2% |
| 3 Bedrooms | 172 | 178 | +3.5% |
| 4 Bedrooms | 70 | 79 | +12.9% |
| 5+ Bedrooms | 13 | 15 | +15.4% |
Summary: The Fort Walton Beach housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 31.3%, 2 bedroom homes increased by 14.2%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes increased by 15.4%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 59 | 52 | -11.9% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fort Walton Beach, you may be able to get a good deal. 57.7% of homes here sold below asking price last month.
Summary: A total of 52 homes were sold or pending in Fort Walton Beach in March 2024, down by 11.9% month-over-month. Of the 52 sold homes, 58% were sold under asking, 31% were sold at asking, and 12% were sold over asking.
Days on Market for Fort Walton Beach, FL
How long does it take to sell a home in Fort Walton Beach, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 48 Days | 53 Days | +11.3% |
Summary: Homes in Fort Walton Beach had an average of 53 days on market in Mar 2024, up by 11.3% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fort Walton Beach are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 52 homes were sold in Fort Walton Beach; 48% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 19% 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.
© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing 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. This property is offered without respect to any protected classes in accordance with the law.