Is Santa Rosa County, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Santa Rosa County has remained a Seller's Market.
Key Takeaway
Santa Rosa County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Santa Rosa County, FL
How much do homes in Santa Rosa County, FL cost?
Median Sold Price
$387,850
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Santa Rosa County have sold for 0.9% less than they did a year ago.
Summary: The median home sold price in Santa Rosa County was $387,850 in April 2024, down 0.9% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $307.5K | $360K | +17.1% |
| 2 Bedrooms | $464.9K | $360K | -22.6% |
| 3 Bedrooms | $350K | $343.6K | -1.8% |
| 4 Bedrooms | $449K | $434.7K | -3.2% |
| 5+ Bedrooms | $585K | $540.5K | -7.6% |
Summary: Santa Rosa County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.1%, 2 bedroom homes decreased by 22.6%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes decreased by 7.6%.
Median Sold Price Compared To Nearby Counties
| Okaloosa County | $355.9K | $360.1K | +1.2% |
| Santa Rosa County | $391.5K | $387.8K | -0.9% |
| Escambia County | $180K | $175K | -2.8% |
Housing Supply in Santa Rosa County, FL
How many homes are available in Santa Rosa County, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 437 | 448 | +2.5% |
Summary: The Santa Rosa County real estate market had 448 homes for sale in April 2024, a 2.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 11 | +37.5% |
| 2 Bedrooms | 28 | 28 | 0.0% |
| 3 Bedrooms | 190 | 197 | +3.7% |
| 4 Bedrooms | 171 | 166 | -2.9% |
| 5+ Bedrooms | 40 | 46 | +15.0% |
Summary: The Santa Rosa County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 37.5%, 2 bedroom homes remained the same, 3 bedroom homes increased by 3.7%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes increased by 15%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 81 | 79 | -2.5% |
Asking Price vs. Sold Price
46 Homes Were Sold
Under Asking
24 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Santa Rosa County, you may be able to get a good deal. 58.2% of homes here sold below asking price last month.
Summary: A total of 79 homes were sold or pending in Santa Rosa County in April 2024, down by 2.5% month-over-month. Of the 79 sold homes, 58% were sold under asking, 30% were sold at asking, and 11% were sold over asking.
Days on Market for Santa Rosa County, FL
How long does it take to sell a home in Santa Rosa County, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 45 Days | 66 Days | +45.8% |
Summary: Homes in Santa Rosa County had an average of 66 days on market in Apr 2024, up by 45.8% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
24 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Santa Rosa County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 79 homes were sold in Santa Rosa County; 44% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
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