$4,750 Closing Credit*
$399,999
1,175 SqFt
2 Beds
•2 Full Baths
Emily A Probst, Tania George, Listing Office: EXP Realty LLC
Is Niceville-Valparaiso, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 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
$476,200
$246/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$26,200(+5.8%)
Key Takeaway
Homes in Niceville-Valparaiso have sold for 5.8% more than they did a year ago.
Summary: The median home sold price in Niceville-Valparaiso was $476,200 in August 2024, up 5.8% from last year, and the median price per square foot was $246.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $194K | $177.5K | -8.5% |
| 2 Bedrooms | $264.4K | $249.9K | -5.5% |
| 3 Bedrooms | $382.2K | $392.5K | +2.7% |
| 4 Bedrooms | $599.2K | $615K | +2.6% |
| 5+ Bedrooms | $856.7K | $715K | -16.5% |
Summary: Niceville-Valparaiso housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.5%, 2 bedroom homes decreased by 5.5%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes decreased by 16.5%.
Median Sold Price Compared To Nearby Cities
| Niceville | $449.1K | $487.2K | +8.5% |
| Niceville-Valparaiso | $450K | $476.2K | +5.8% |
| Valparaiso | $456.5K | $351K | -23.1% |
Housing Supply in Niceville-Valparaiso, FL
How many homes are available in Niceville-Valparaiso, FL?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 285 | 247 | -13.3% |
Summary: The Niceville-Valparaiso real estate market had 247 homes for sale in August 2024, a 13.3% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 30 | 29 | -3.3% |
| 3 Bedrooms | 134 | 110 | -17.9% |
| 4 Bedrooms | 105 | 93 | -11.4% |
| 5+ Bedrooms | 14 | 13 | -7.1% |
Summary: The Niceville-Valparaiso 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 decreased by 3.3%, 3 bedroom homes decreased by 17.9%, 4 bedroom homes decreased by 11.4%, and 5+ bedroom homes decreased by 7.1%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 85 | 53 | -37.6% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Niceville-Valparaiso, you may be able to get a good deal. 50.9% of homes here sold below asking price last month.
Summary: A total of 53 homes were sold or pending in Niceville-Valparaiso in August 2024, down by 37.6% month-over-month. Of the 53 sold homes, 51% were sold under asking, 42% were sold at asking, and 8% 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
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 40 Days | 35 Days | -10.3% |
Summary: Homes in Niceville-Valparaiso had an average of 35 days on market in Aug 2024, down by 10.3% compared to last year.
Breakdown of Home Sale Times
34 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Niceville-Valparaiso are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 53 homes were sold in Niceville-Valparaiso; 64% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
