Is Navarre Beach, FL 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, Navarre Beach was a Seller's Market.
Key Takeaway
Navarre Beach is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Navarre Beach, FL
How much do homes in Navarre Beach, FL cost?
Median Sold Price
$787,500
$570/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Navarre Beach have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in Navarre Beach was $787,500 in April 2024, up 3.8% from last year, and the median price per square foot was $570.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $351.4K | $354K | +0.7% |
| 2 Bedrooms | $566K | $565K | -0.2% |
| 3 Bedrooms | $827.5K | $1.0M | +22.1% |
| 4 Bedrooms | $1.5M | $1.5M | -3.0% |
| 5+ Bedrooms | $1.7M | $2.0M | +11.9% |
Summary: Navarre Beach housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.7%, 2 bedroom homes decreased by 0.2%, 3 bedroom homes increased by 22.1%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes increased by 11.9%.
Median Sold Price Compared To Nearby Cities
| Navarre Beach | $758.7K | $787.5K | +3.8% |
| Holley-Navarre | $397.3K | $400K | +0.7% |
| Gulf Breeze | $400K | $400K | 0.0% |
Housing Supply in Navarre Beach, FL
How many homes are available in Navarre Beach, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 58 | 71 | +22.4% |
Summary: The Navarre Beach real estate market had 71 homes for sale in April 2024, a 22.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 10 | +42.9% |
| 2 Bedrooms | 11 | 14 | +27.3% |
| 3 Bedrooms | 23 | 28 | +21.7% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 9 | 12 | +33.3% |
Summary: The Navarre Beach housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 42.9%, 2 bedroom homes increased by 27.3%, 3 bedroom homes increased by 21.7%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 9 | +125.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Navarre Beach, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Navarre Beach in April 2024, up by 125.0% month-over-month. Of the 9 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Navarre Beach, FL
How long does it take to sell a home in Navarre Beach, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 50 Days | 116 Days | +133.3% |
Summary: Homes in Navarre Beach had an average of 116 days on market in Apr 2024, up by 133.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Navarre Beach are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 9 homes were sold in Navarre Beach; 22% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 56% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange program of Central Panhandle Association of REALTORS®. 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. Information deemed reliable but not guaranteed. Properties subject to prior sale, change, withdrawal or rental. Copyright© 2024 Central Panhandle Association of REALTORS.© All Rights Reserved.
The data relating to real estate for sale on this website comes in part from the Southwest Florida Multiple Listing Service. The information being provided is 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. Information has not been verified, is not guaranteed, and is subject to change. Real estate listings held by other brokerage firms other are marked with the IDX logo and detailed information about them includes the name of the listing brokers.