Is Walton 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, Walton County was a Seller's Market.
Key Takeaway
Walton County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Walton County, FL
How much do homes in Walton County, FL cost?
Median Sold Price
$611,491
$376/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Walton County have sold for 3.6% less than they did a year ago.
Summary: The median home sold price in Walton County was $611,491 in March 2024, down 3.6% from last year, and the median price per square foot was $376.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $428.2K | $414K | -3.3% |
| 2 Bedrooms | $552.8K | $530K | -4.1% |
| 3 Bedrooms | $608K | $514.9K | -15.3% |
| 4 Bedrooms | $729.3K | $738.9K | +1.3% |
| 5+ Bedrooms | $1.9M | $1.8M | -2.4% |
Summary: Walton County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.3%, 2 bedroom homes decreased by 4.1%, 3 bedroom homes decreased by 15.3%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes decreased by 2.4%.
Median Sold Price Compared To Nearby Counties
| Washington County | $224.2K | $245K | +9.3% |
| Holmes County | $183.4K | $199.4K | +8.8% |
| Bay County | $395.5K | $399.8K | +1.1% |
| Walton County | $634.2K | $611.4K | -3.6% |
Housing Supply in Walton County, FL
How many homes are available in Walton County, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1,737 | 2,020 | +16.3% |
Summary: The Walton County real estate market had 2,020 homes for sale in March 2024, a 16.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 117 | 128 | +9.4% |
| 2 Bedrooms | 258 | 309 | +19.8% |
| 3 Bedrooms | 596 | 685 | +14.9% |
| 4 Bedrooms | 494 | 572 | +15.8% |
| 5+ Bedrooms | 272 | 326 | +19.9% |
Summary: The Walton County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.4%, 2 bedroom homes increased by 19.8%, 3 bedroom homes increased by 14.9%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes increased by 19.9%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 156 | 179 | +14.7% |
Asking Price vs. Sold Price
140 Homes Were Sold
Under Asking
29 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Walton County, you may be able to get a good deal. 78.2% of homes here sold below asking price last month.
Summary: A total of 179 homes were sold or pending in Walton County in March 2024, up by 14.7% month-over-month. Of the 179 sold homes, 78% were sold under asking, 16% were sold at asking, and 6% were sold over asking.
Days on Market for Walton County, FL
How long does it take to sell a home in Walton County, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 79 Days | 86 Days | +8.2% |
Summary: Homes in Walton County had an average of 86 days on market in Mar 2024, up by 8.2% compared to last year.
Breakdown of Home Sale Times
70 Homes Were Sold
Under 30 Days
45 Homes Were Sold
In 30 - 90 Days
64 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Walton County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 179 homes were sold in Walton County; 39% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.
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