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 April 2023
At the same time last year, Fort Walton Beach was a Seller's Market.
Housing Prices in Fort Walton Beach, FL
How much do homes in Fort Walton Beach, FL cost?
Median Sold Price
$345,035
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Fort Walton Beach was $345,035 in April 2024, down 0.1% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $415K | $440K | +6.0% |
2 Bedrooms | $280K | $275K | -1.8% |
3 Bedrooms | $320K | $334.9K | +4.7% |
4 Bedrooms | $425K | $435K | +2.4% |
5+ Bedrooms | $476.5K | $475K | -0.3% |
Summary: Fort Walton Beach housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6%, 2 bedroom homes decreased by 1.8%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes decreased by 0.3%.
Median Sold Price Compared To Nearby Cities
Mary Esther | $326K | $335K | +2.8% |
Cinco Bayou | $300K | $305K | +1.7% |
Fort Walton Beach | $345.2K | $345K | -0.1% |
Housing Supply in Fort Walton Beach, FL
How many homes are available in Fort Walton Beach, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
420 | 466 | +11.0% |
Summary: The Fort Walton Beach real estate market had 466 homes for sale in April 2024, a 11.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 52 | 62 | +19.2% |
2 Bedrooms | 113 | 123 | +8.8% |
3 Bedrooms | 166 | 192 | +15.7% |
4 Bedrooms | 76 | 75 | -1.3% |
5+ Bedrooms | 13 | 14 | +7.7% |
Summary: The Fort Walton Beach housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 19.2%, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 15.7%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes increased by 7.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
60 | 62 | +3.3% |
Asking Price vs. Sold Price
37 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 62 homes were sold or pending in Fort Walton Beach in April 2024, up by 3.3% month-over-month. Of the 62 sold homes, 60% were sold under asking, 27% were sold at asking, and 13% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
41 Days | 54 Days | +32.2% |
Summary: Homes in Fort Walton Beach had an average of 54 days on market in Apr 2024, up by 32.2% compared to last year.
Breakdown of Home Sale Times
38 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During April 2024, 62 homes were sold in Fort Walton Beach; 61% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.