Is Okaloosa County, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Okaloosa County was a Seller's Market.
Housing Prices in Okaloosa County, FL
How much do homes in Okaloosa County, FL cost?
Median Sold Price
$367,285
$219/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Okaloosa County was $367,285 in February 2024, up 3.4% from last year, and the median price per square foot was $219.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $320K | $344.2K | +7.6% |
2 Bedrooms | $308.2K | $325.2K | +5.5% |
3 Bedrooms | $320.2K | $335K | +4.6% |
4 Bedrooms | $405.1K | $415K | +2.4% |
5+ Bedrooms | $559.6K | $543.3K | -2.9% |
Summary: Okaloosa County housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.6%, 2 bedroom homes increased by 5.5%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes decreased by 2.9%.
Median Sold Price Compared To Nearby Counties
Escambia County | $171.6K | $180K | +4.9% |
Okaloosa County | $355.2K | $367.2K | +3.4% |
Santa Rosa County | $391K | $387.8K | -0.8% |
Walton County | $630.8K | $622.2K | -1.4% |
Housing Supply in Okaloosa County, FL
How many homes are available in Okaloosa County, FL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
1,848 | 2,088 | +13.0% |
Summary: The Okaloosa County real estate market had 2,088 homes for sale in February 2024, a 13.0% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 107 | 124 | +15.9% |
2 Bedrooms | 324 | 373 | +15.1% |
3 Bedrooms | 715 | 796 | +11.3% |
4 Bedrooms | 522 | 596 | +14.2% |
5+ Bedrooms | 180 | 199 | +10.6% |
Summary: The Okaloosa County housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 15.9%, 2 bedroom homes increased by 15.1%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 14.2%, and 5+ bedroom homes increased by 10.6%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
207 | 265 | +28.0% |
Asking Price vs. Sold Price
150 Homes Were Sold
Under Asking
79 Homes Were Sold
At Asking
36 Homes Were Sold
Over Asking
Summary: A total of 265 homes were sold or pending in Okaloosa County in February 2024, up by 28.0% month-over-month. Of the 265 sold homes, 57% were sold under asking, 30% were sold at asking, and 14% were sold over asking.
Days on Market for Okaloosa County, FL
How long does it take to sell a home in Okaloosa County, FL?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
50 Days | 62 Days | +23.5% |
Summary: Homes in Okaloosa County had an average of 62 days on market in Feb 2024, up by 23.5% compared to last year.
Breakdown of Home Sale Times
111 Homes Were Sold
Under 30 Days
88 Homes Were Sold
In 30 - 90 Days
66 Homes Were Sold
Over 90 Days
Summary: During February 2024, 265 homes were sold in Okaloosa County; 42% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.