Is Okaloosa County, 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, Okaloosa County was a Seller's Market.
Housing Prices in Okaloosa County, FL
How much do homes in Okaloosa County, FL cost?
Median Sold Price
$360,193
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Okaloosa County was $360,193 in April 2024, up 1.2% from last year, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $325K | $335K | +3.1% |
2 Bedrooms | $299.9K | $299.8K | 0% |
3 Bedrooms | $322.5K | $334.8K | +3.8% |
4 Bedrooms | $395.1K | $403.7K | +2.2% |
5+ Bedrooms | $512.5K | $535.3K | +4.5% |
Summary: Okaloosa County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.1%, 2 bedroom homes did not change, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 4.5%.
Median Sold Price Compared To Nearby Counties
Okaloosa County | $355.9K | $360.1K | +1.2% |
Walton County | $611.2K | $610.5K | -0.1% |
Santa Rosa County | $391.5K | $387.8K | -0.9% |
Escambia County | $180K | $175K | -2.8% |
Housing Supply in Okaloosa County, FL
How many homes are available in Okaloosa County, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2,016 | 2,143 | +6.3% |
Summary: The Okaloosa County real estate market had 2,143 homes for sale in April 2024, a 6.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 124 | 149 | +20.2% |
2 Bedrooms | 379 | 389 | +2.6% |
3 Bedrooms | 756 | 792 | +4.8% |
4 Bedrooms | 565 | 607 | +7.4% |
5+ Bedrooms | 192 | 206 | +7.3% |
Summary: The Okaloosa County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20.2%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 7.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
290 | 290 | 0.0% |
Asking Price vs. Sold Price
141 Homes Were Sold
Under Asking
100 Homes Were Sold
At Asking
49 Homes Were Sold
Over Asking
Summary: A total of 290 homes were sold or pending in Okaloosa County in April 2024, the same as the previous month. Of the 290 sold homes, 49% were sold under asking, 34% were sold at asking, and 17% were sold over asking.
Days on Market for Okaloosa County, FL
How long does it take to sell a home in Okaloosa County, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
51 Days | 64 Days | +25.1% |
Summary: Homes in Okaloosa County had an average of 64 days on market in Apr 2024, up by 25.1% compared to last year.
Breakdown of Home Sale Times
147 Homes Were Sold
Under 30 Days
65 Homes Were Sold
In 30 - 90 Days
78 Homes Were Sold
Over 90 Days
Summary: During April 2024, 290 homes were sold in Okaloosa County; 51% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.