Is Escambia County, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Escambia County has remained a Buyer'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, FL
How much do homes in Escambia County, FL cost?
Median Sold Price
$374,000
$262/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Escambia County have sold for 18.6% less than they did a month ago.
Summary: The median home sold price in Escambia County was $374,000 in April 2024, down 18.6% from last month, and the median price per square foot was $262.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $217K | N/A |
| 2 Bedrooms | $430K | $350.5K | -18.5% |
| 3 Bedrooms | $408.2K | $337K | -17.5% |
| 4 Bedrooms | $477K | $680K | +42.6% |
| 5+ Bedrooms | $3.5M | $837.5K | -76.1% |
Summary: Escambia County housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 18.5%, 3 bedroom homes decreased by 17.5%, 4 bedroom homes increased by 42.6%, and 5+ bedroom homes decreased by 76.1%.
Housing Supply in Escambia County, FL
How many homes are available in Escambia County, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 249 | 272 | +9.2% |
Summary: The Escambia County real estate market had 272 homes for sale in April 2024, a 9.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 13 | +18.2% |
| 2 Bedrooms | 64 | 62 | -3.1% |
| 3 Bedrooms | 105 | 113 | +7.6% |
| 4 Bedrooms | 46 | 55 | +19.6% |
| 5+ Bedrooms | 23 | 29 | +26.1% |
Summary: The Escambia County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 18.2%, 2 bedroom homes decreased by 3.1%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 19.6%, and 5+ bedroom homes increased by 26.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 32 | 37 | +15.6% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Escambia County, you may be able to get a good deal. 78.8% of homes here sold below asking price last month.
Summary: A total of 37 homes were sold or pending in Escambia County in April 2024, up by 15.6% month-over-month. Of the 33 sold homes, 79% were sold under asking, 18% were sold at asking, and 3% were sold over asking.
Days on Market for Escambia County, FL
How long does it take to sell a home in Escambia County, FL?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 60 Days | 59 Days | -1.4% |
Summary: Homes in Escambia County had an average of 59 days on market in Apr 2024, down by 1.4% compared to last month.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Escambia County has remained consistent over time.
Summary: During April 2024, 37 homes were sold in Escambia County; 11% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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