Is Niceville-Valparaiso, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Niceville-Valparaiso has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $185.7K | $191.7K | +3.2% |
2 Bedrooms | $259.4K | $265K | +2.1% |
3 Bedrooms | $380K | $386K | +1.6% |
4 Bedrooms | $559.9K | $594.8K | +6.2% |
5+ Bedrooms | $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 | $400K | $458.4K | +14.6% |
Niceville-Valparaiso | $426.4K | $450.4K | +5.6% |
Valparaiso | $374.5K | $369K | -1.5% |
Housing Supply in Niceville-Valparaiso, FL
How many homes are available in Niceville-Valparaiso, FL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
197 | 214 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 20 | 23 | +15.0% |
3 Bedrooms | 89 | 89 | 0.0% |
4 Bedrooms | 67 | 80 | +19.4% |
5+ Bedrooms | 18 | 20 | +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 2024 | Feb 2024 | CHANGE |
---|---|---|
36 | 41 | +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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
40 Days | 47 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
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.