Is Shalimar, 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, Shalimar was a Seller's Market.
Key Takeaway
Shalimar is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Shalimar, FL
How much do homes in Shalimar, FL cost?
Median Sold Price
$423,250
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Shalimar have sold for 11.4% more than they did a year ago.
Summary: The median home sold price in Shalimar was $423,250 in March 2024, up 11.4% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | $187K | +6.9% |
| 2 Bedrooms | $230K | $225K | -2.2% |
| 3 Bedrooms | $360K | $365K | +1.4% |
| 4 Bedrooms | $515.7K | $480K | -6.9% |
| 5+ Bedrooms | $546.5K | $561.8K | +2.8% |
Summary: Shalimar housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.9%, 2 bedroom homes decreased by 2.2%, 3 bedroom homes increased by 1.4%, 4 bedroom homes decreased by 6.9%, and 5+ bedroom homes increased by 2.8%.
Housing Supply in Shalimar, FL
How many homes are available in Shalimar, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 65 | 67 | +3.1% |
Summary: The Shalimar real estate market had 67 homes for sale in March 2024, a 3.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 10 | 13 | +30.0% |
| 3 Bedrooms | 24 | 22 | -8.3% |
| 4 Bedrooms | 23 | 22 | -4.3% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Shalimar housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 30%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 20 | 6 | -70.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Shalimar, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Shalimar in March 2024, down by 70.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.
Days on Market for Shalimar, FL
How long does it take to sell a home in Shalimar, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 55 Days | 45 Days | -17.5% |
Summary: Homes in Shalimar had an average of 45 days on market in Mar 2024, down by 17.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Shalimar are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 6 homes were sold in Shalimar; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
