Is Crestview, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Crestview has remained a Seller's Market.
Key Takeaway
Crestview is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Crestview, FL
How much do homes in Crestview, FL cost?
Median Sold Price
$308,624
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Crestview have sold for 2% less than they did a year ago.
Summary: The median home sold price in Crestview was $308,624 in May 2024, down 2% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $202.5K | $190K | -6.2% |
| 2 Bedrooms | $206.5K | $201K | -2.7% |
| 3 Bedrooms | $269.9K | $274.9K | +1.8% |
| 4 Bedrooms | $350K | $339.9K | -2.9% |
| 5+ Bedrooms | $397.3K | $399.5K | +0.6% |
Summary: Crestview housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.2%, 2 bedroom homes decreased by 2.7%, 3 bedroom homes increased by 1.8%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes increased by 0.6%.
Housing Supply in Crestview, FL
How many homes are available in Crestview, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 634 | 628 | -0.9% |
Summary: The Crestview real estate market had 628 homes for sale in May 2024, a 0.9% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 24 | 22 | -8.3% |
| 3 Bedrooms | 226 | 232 | +2.7% |
| 4 Bedrooms | 305 | 298 | -2.3% |
| 5+ Bedrooms | 79 | 76 | -3.8% |
Summary: The Crestview housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 8.3%, 3 bedroom homes increased by 2.7%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes decreased by 3.8%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 103 | 117 | +13.6% |
Asking Price vs. Sold Price
53 Homes Were Sold
Under Asking
54 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Crestview, expect to pay close to the asking price. 46.2% of homes here sold near the asking price last month.
Summary: A total of 117 homes were sold or pending in Crestview in May 2024, up by 13.6% month-over-month. Of the 117 sold homes, 45% were sold under asking, 46% were sold at asking, and 9% were sold over asking.
Days on Market for Crestview, FL
How long does it take to sell a home in Crestview, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 58 Days | 63 Days | +8.9% |
Summary: Homes in Crestview had an average of 63 days on market in May 2024, up by 8.9% compared to last year.
Breakdown of Home Sale Times
50 Homes Were Sold
Under 30 Days
33 Homes Were Sold
In 30 - 90 Days
34 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Crestview are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 117 homes were sold in Crestview; 43% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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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.
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