Is Escambia County, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Escambia County was a Seller's Market.
Key Takeaway
Escambia County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Escambia County, AL
How much do homes in Escambia County, AL cost?
Median Sold Price
$175,000
$106/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Escambia County have sold for 2.8% less than they did a year ago.
Summary: The median home sold price in Escambia County was $175,000 in April 2024, down 2.8% from last year, and the median price per square foot was $106.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $116.9K | $107K | -8.5% |
| 3 Bedrooms | $171K | $170K | -0.6% |
| 4 Bedrooms | $207.7K | $233.9K | +12.6% |
| 5+ Bedrooms | $330K | $345K | +4.5% |
Summary: Escambia County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8.5%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes increased by 12.6%, and 5+ bedroom homes increased by 4.5%.
Median Sold Price Compared To Nearby Counties
| Santa Rosa County | $391.5K | $387.8K | -0.9% |
| Escambia County | $180K | $175K | -2.8% |
Housing Supply in Escambia County, AL
How many homes are available in Escambia County, AL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 103 | 107 | +3.9% |
Summary: The Escambia County real estate market had 107 homes for sale in April 2024, a 3.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 15 | 11 | -26.7% |
| 3 Bedrooms | 58 | 65 | +12.1% |
| 4 Bedrooms | 22 | 23 | +4.5% |
| 5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Escambia County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 26.7%, 3 bedroom homes increased by 12.1%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 18 | 13 | -27.8% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Escambia County, you may be able to get a good deal. 36.4% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Escambia County in April 2024, down by 27.8% month-over-month. Of the 11 sold homes, 36% were sold under asking, 27% were sold at asking, and 36% were sold over asking.
Days on Market for Escambia County, AL
We’re sorry, we don't have information for this market at the moment
Listing information Copyright © 2024 Baldwin County Association of REALTORS®, Inc. All rights reserved. MLS IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.