Is Niceville-Valparaiso, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$454,270
$244/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Niceville-Valparaiso was $454,270 in March 2024, up 6.7% from last year, and the median price per square foot was $244.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $185.9K | $191.7K | +3.1% |
2 Bedrooms | $260K | $263.4K | +1.3% |
3 Bedrooms | $380K | $390K | +2.6% |
4 Bedrooms | $559.9K | $600K | +7.2% |
5+ Bedrooms | $830K | $775K | -6.6% |
Summary: Niceville-Valparaiso housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.1%, 2 bedroom homes increased by 1.3%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes decreased by 6.6%.
Median Sold Price Compared To Nearby Cities
Niceville | $400K | $469.9K | +17.5% |
Niceville-Valparaiso | $425.7K | $454.2K | +6.7% |
Valparaiso | $380K | $382.7K | +0.7% |
Housing Supply in Niceville-Valparaiso, FL
How many homes are available in Niceville-Valparaiso, FL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
219 | 259 | +18.3% |
Summary: The Niceville-Valparaiso real estate market had 259 homes for sale in March 2024, a 18.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 23 | 29 | +26.1% |
3 Bedrooms | 91 | 107 | +17.6% |
4 Bedrooms | 83 | 96 | +15.7% |
5+ Bedrooms | 20 | 24 | +20.0% |
Summary: The Niceville-Valparaiso housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 26.1%, 3 bedroom homes increased by 17.6%, 4 bedroom homes increased by 15.7%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
43 | 44 | +2.3% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 44 homes were sold or pending in Niceville-Valparaiso in March 2024, up by 2.3% month-over-month. Of the 44 sold homes, 61% were sold under asking, 27% were sold at asking, and 11% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
52 Days | 58 Days | +10.4% |
Summary: Homes in Niceville-Valparaiso had an average of 58 days on market in Mar 2024, up by 10.4% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During March 2024, 44 homes were sold in Niceville-Valparaiso; 57% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.