Is Santa Rosa Beach, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Santa Rosa Beach was a Seller's Market.
Housing Prices in Santa Rosa Beach, FL
How much do homes in Santa Rosa Beach, FL cost?
Median Sold Price
$970,200
$528/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Santa Rosa Beach was $970,200 in March 2024, up 7.6% from last year, and the median price per square foot was $528.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $529.1K | $653.7K | +23.5% |
2 Bedrooms | $671.5K | $599.5K | -10.7% |
3 Bedrooms | $686.5K | $675K | -1.7% |
4 Bedrooms | $1.2M | $1.2M | +1.2% |
5+ Bedrooms | $3.0M | $2.8M | -6.7% |
Summary: Santa Rosa Beach housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.5%, 2 bedroom homes decreased by 10.7%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes decreased by 6.7%.
Median Sold Price Compared To Nearby Cities
Santa Rosa Beach | $901.9K | $970.2K | +7.6% |
Walton Beaches | $931.1K | $972.9K | +4.5% |
Miramar Beach | $722K | $725.5K | 0.5% |
Housing Supply in Santa Rosa Beach, FL
How many homes are available in Santa Rosa Beach, FL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
908 | 1,072 | +18.1% |
Summary: The Santa Rosa Beach real estate market had 1,072 homes for sale in March 2024, a 18.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 42 | 48 | +14.3% |
2 Bedrooms | 80 | 105 | +31.3% |
3 Bedrooms | 304 | 345 | +13.5% |
4 Bedrooms | 286 | 335 | +17.1% |
5+ Bedrooms | 196 | 239 | +21.9% |
Summary: The Santa Rosa Beach housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 31.3%, 3 bedroom homes increased by 13.5%, 4 bedroom homes increased by 17.1%, and 5+ bedroom homes increased by 21.9%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
73 | 84 | +15.1% |
Asking Price vs. Sold Price
65 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 84 homes were sold or pending in Santa Rosa Beach in March 2024, up by 15.1% month-over-month. Of the 84 sold homes, 77% were sold under asking, 15% were sold at asking, and 7% were sold over asking.
Days on Market for Santa Rosa Beach, FL
How long does it take to sell a home in Santa Rosa Beach, FL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
84 Days | 90 Days | +7.3% |
Summary: Homes in Santa Rosa Beach had an average of 90 days on market in Mar 2024, up by 7.3% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
23 Homes Were Sold
In 30 - 90 Days
32 Homes Were Sold
Over 90 Days
Summary: During March 2024, 84 homes were sold in Santa Rosa Beach; 35% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.