Is Santa Rosa County, 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 County was a Seller's Market.
Key Takeaway
Santa Rosa County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Santa Rosa County, FL
How much do homes in Santa Rosa County, FL cost?
Median Sold Price
$388,325
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
The sold price of homes in Santa Rosa County has remained the same since last year.
Summary: The median home sold price in Santa Rosa County was $388,325 in March 2024, down 0.4% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $329.9K | $367.5K | +11.4% |
| 2 Bedrooms | $519K | $385K | -25.8% |
| 3 Bedrooms | $349.1K | $342.8K | -1.8% |
| 4 Bedrooms | $449.9K | $437K | -2.9% |
| 5+ Bedrooms | $582.5K | $581.8K | -0.1% |
Summary: Santa Rosa County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.4%, 2 bedroom homes decreased by 25.8%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes decreased by 0.1%.
Median Sold Price Compared To Nearby Counties
| Okaloosa County | $355.1K | $364K | +2.5% |
| Escambia County | $175K | $178K | +1.7% |
| Santa Rosa County | $389.9K | $388.3K | -0.4% |
Housing Supply in Santa Rosa County, FL
How many homes are available in Santa Rosa County, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 426 | 477 | +12.0% |
Summary: The Santa Rosa County real estate market had 477 homes for sale in March 2024, a 12.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 8 | +60.0% |
| 2 Bedrooms | 24 | 28 | +16.7% |
| 3 Bedrooms | 182 | 208 | +14.3% |
| 4 Bedrooms | 176 | 185 | +5.1% |
| 5+ Bedrooms | 39 | 48 | +23.1% |
Summary: The Santa Rosa County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 60%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 23.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 63 | 79 | +25.4% |
Asking Price vs. Sold Price
45 Homes Were Sold
Under Asking
27 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Santa Rosa County, you may be able to get a good deal. 57% of homes here sold below asking price last month.
Summary: A total of 79 homes were sold or pending in Santa Rosa County in March 2024, up by 25.4% month-over-month. Of the 79 sold homes, 57% were sold under asking, 34% were sold at asking, and 9% were sold over asking.
Days on Market for Santa Rosa County, FL
How long does it take to sell a home in Santa Rosa County, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 48 Days | 69 Days | +44.5% |
Summary: Homes in Santa Rosa County had an average of 69 days on market in Mar 2024, up by 44.5% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
27 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Santa Rosa County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 79 homes were sold in Santa Rosa County; 34% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 34% of homes were sold over 90 days.
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