$3,086 Closing Credit*
$259,900
1,188 SqFt
2 Beds
•1 Full Bath
Edward G Thornburg Jr, Deborah Morton, Listing Office: Bay Living Inc
Is Valparaiso, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, Valparaiso has remained a Seller's Market.
Key Takeaway
Valparaiso is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Valparaiso, FL
How much do homes in Valparaiso, FL cost?
Median Sold Price
$351,000
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
-$105,500(-23.1%)
Key Takeaway
Homes in Valparaiso have sold for 23.1% less than they did a year ago.
Summary: The median home sold price in Valparaiso was $351,000 in August 2024, down 23.1% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $212K | $249.5K | +17.7% |
| 3 Bedrooms | $295K | $293.9K | -0.4% |
| 4 Bedrooms | $593.9K | $520K | -12.4% |
| 5+ Bedrooms | $675K | $699.9K | +3.7% |
Summary: Valparaiso housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.7%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes decreased by 12.4%, and 5+ bedroom homes increased by 3.7%.
Median Sold Price Compared To Nearby Cities
| Niceville | $449.1K | $487.2K | +8.5% |
| Niceville-Valparaiso | $450K | $476.2K | +5.8% |
| Valparaiso | $456.5K | $351K | -23.1% |
Housing Supply in Valparaiso, FL
How many homes are available in Valparaiso, FL?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 21 | 20 | -4.8% |
Summary: The Valparaiso real estate market had 20 homes for sale in August 2024, a 4.8% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 5 | -28.6% |
| 3 Bedrooms | 9 | 9 | 0.0% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Valparaiso housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 28.6%, 3 bedroom homes remained the same, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Valparaiso, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Valparaiso in August 2024, down by 16.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.
Days on Market for Valparaiso, FL
How long does it take to sell a home in Valparaiso, FL?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 56 Days | 18 Days | -67.3% |
Summary: Homes in Valparaiso had an average of 18 days on market in Aug 2024, down by 67.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Valparaiso are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 5 homes were sold in Valparaiso; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
