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 May 2023
Since last year, Santa Rosa County has remained a Seller's Market.
Key Takeaway
Santa Rosa County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Santa Rosa County, FL
How much do homes in Santa Rosa County, FL cost?
Median Sold Price
$389,970
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since May 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 $389,970 in May 2024, up 0.3% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $307.5K | $360K | +17.1% |
| 2 Bedrooms | $464.9K | $385K | -17.2% |
| 3 Bedrooms | $349.9K | $347.1K | -0.8% |
| 4 Bedrooms | $444.9K | $445K | 0.0% |
| 5+ Bedrooms | $574.5K | $540K | -6.0% |
Summary: Santa Rosa County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.1%, 2 bedroom homes decreased by 17.2%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 6%.
Median Sold Price Compared To Nearby Counties
| Okaloosa County | $355.6K | $360.2K | +1.3% |
| Santa Rosa County | $388.9K | $389.9K | 0.3% |
| Escambia County | $176.5K | $177K | 0.3% |
Housing Supply in Santa Rosa County, FL
How many homes are available in Santa Rosa County, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 452 | 451 | -0.2% |
Summary: The Santa Rosa County real estate market had 451 homes for sale in May 2024, a 0.2% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 9 | -10.0% |
| 2 Bedrooms | 29 | 24 | -17.2% |
| 3 Bedrooms | 202 | 196 | -3.0% |
| 4 Bedrooms | 166 | 175 | +5.4% |
| 5+ Bedrooms | 45 | 47 | +4.4% |
Summary: The Santa Rosa County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 10%, 2 bedroom homes decreased by 17.2%, 3 bedroom homes decreased by 3%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 4.4%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 84 | 76 | -9.5% |
Asking Price vs. Sold Price
39 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
17 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. 51.3% of homes here sold below asking price last month.
Summary: A total of 76 homes were sold or pending in Santa Rosa County in May 2024, down by 9.5% month-over-month. Of the 76 sold homes, 51% were sold under asking, 26% were sold at asking, and 22% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 39 Days | 45 Days | +16.1% |
Summary: Homes in Santa Rosa County had an average of 45 days on market in May 2024, up by 16.1% compared to last year.
Breakdown of Home Sale Times
43 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
12 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 May 2024, 76 homes were sold in Santa Rosa County; 57% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
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