Is Santa Rosa 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, Santa Rosa Beach was a Neutral Market.
Key Takeaway
Santa Rosa Beach is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Santa Rosa Beach, FL
How much do homes in Santa Rosa Beach, FL cost?
Median Sold Price
$967,371
$526/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Santa Rosa Beach have sold for 13.2% more than they did a year ago.
Summary: The median home sold price in Santa Rosa Beach was $967,371 in April 2024, up 13.2% from last year, and the median price per square foot was $526.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $541.5K | $702.5K | +29.7% |
| 2 Bedrooms | $644.5K | $599K | -7.1% |
| 3 Bedrooms | $684.8K | $680.5K | -0.6% |
| 4 Bedrooms | $1.2M | $1.3M | +8.3% |
| 5+ Bedrooms | $2.8M | $2.5M | -8.4% |
Summary: Santa Rosa Beach housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.7%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes decreased by 8.4%.
Median Sold Price Compared To Nearby Cities
| Santa Rosa Beach | $854.3K | $967.3K | +13.2% |
| Walton Beaches | $909.6K | $980.1K | +7.7% |
| Miramar Beach | $743.8K | $728.5K | -2.1% |
Housing Supply in Santa Rosa Beach, FL
How many homes are available in Santa Rosa Beach, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 953 | 1,026 | +7.7% |
Summary: The Santa Rosa Beach real estate market had 1,026 homes for sale in April 2024, a 7.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 43 | 47 | +9.3% |
| 2 Bedrooms | 102 | 113 | +10.8% |
| 3 Bedrooms | 308 | 330 | +7.1% |
| 4 Bedrooms | 308 | 309 | 0.3% |
| 5+ Bedrooms | 192 | 227 | +18.2% |
Summary: The Santa Rosa Beach housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.3%, 2 bedroom homes increased by 10.8%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 90 | 101 | +12.2% |
Asking Price vs. Sold Price
87 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Santa Rosa Beach, you may be able to get a good deal. 86.1% of homes here sold below asking price last month.
Summary: A total of 101 homes were sold or pending in Santa Rosa Beach in April 2024, up by 12.2% month-over-month. Of the 101 sold homes, 86% were sold under asking, 10% were sold at asking, and 4% were sold over asking.
Days on Market for Santa Rosa Beach, FL
How long does it take to sell a home in Santa Rosa Beach, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 69 Days | 87 Days | +25.6% |
Summary: Homes in Santa Rosa Beach had an average of 87 days on market in Apr 2024, up by 25.6% compared to last year.
Breakdown of Home Sale Times
38 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
39 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Santa Rosa Beach are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 101 homes were sold in Santa Rosa Beach; 38% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 39% of homes were sold over 90 days.
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