Is Niceville-Valparaiso, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Niceville-Valparaiso is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Niceville-Valparaiso has remained a Seller's Market.

Key Takeaway

Niceville-Valparaiso is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Niceville-Valparaiso, FL

How much do homes in Niceville-Valparaiso, FL cost?

Median Sold Price

$450,400

$243/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$23,918(+5.6%)

Key Takeaway

Homes in Niceville-Valparaiso have sold for 5.6% more than they did a year ago.

Summary: The median home sold price in Niceville-Valparaiso was $450,400 in February 2024, up 5.6% from last year, and the median price per square foot was $243.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $185.7K$191.7K
+3.2%
2 $259.4K$265K
+2.1%
3 $380K$386K
+1.6%
4 $559.9K$594.8K
+6.2%
5+ $840K$805K
-4.2%

Summary: Niceville-Valparaiso housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.2%, 2 bedroom homes increased by 2.1%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes decreased by 4.2%.

Median Sold Price Compared To Nearby Cities

Niceville
+14.6%
Niceville-Valparaiso
+5.6%
Valparaiso
-1.5%

Housing Supply in Niceville-Valparaiso, FL

How many homes are available in Niceville-Valparaiso, FL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
197214+8.6%

Summary: The Niceville-Valparaiso real estate market had 214 homes for sale in February 2024, a 8.6% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 32
-33.3%
2 2023
+15.0%
3 8989
0.0%
4 6780
+19.4%
5+ 1820
+11.1%

Summary: The Niceville-Valparaiso housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 15%, 3 bedroom homes remained the same, 4 bedroom homes increased by 19.4%, and 5+ bedroom homes increased by 11.1%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
3641+13.9%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

17 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Niceville-Valparaiso, you may be able to get a good deal. 41.5% of homes here sold below asking price last month.

Summary: A total of 41 homes were sold or pending in Niceville-Valparaiso in February 2024, up by 13.9% month-over-month. Of the 41 sold homes, 41% were sold under asking, 41% were sold at asking, and 17% were sold over asking.

Days on Market for Niceville-Valparaiso, FL

How long does it take to sell a home in Niceville-Valparaiso, FL?

Average Sale Time

Feb 2023Feb 2024CHANGE
40 Days47 Days+17.1%

Summary: Homes in Niceville-Valparaiso had an average of 47 days on market in Feb 2024, up by 17.1% compared to last year.

Breakdown of Home Sale Times

23 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 41 homes were sold in Niceville-Valparaiso; 56% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 20% 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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