Is Escambia County, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Escambia County has remained a Buyer's Market.
Key Takeaway
Escambia County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Escambia County, FL
How much do homes in Escambia County, FL cost?
Median Sold Price
$450,000
$213/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Escambia County have sold for 19.4% more than they did a month ago.
Summary: The median home sold price in Escambia County was $450,000 in May 2024, up 19.4% from last month, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $217K | - | N/A |
| 2 Bedrooms | $350.5K | $625K | +78.3% |
| 3 Bedrooms | $355.5K | $360K | +1.3% |
| 4 Bedrooms | $680K | $450K | -33.8% |
| 5+ Bedrooms | $837.5K | $630K | -24.8% |
Summary: Escambia County housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 78.3%, 3 bedroom homes increased by 1.3%, 4 bedroom homes decreased by 33.8%, and 5+ bedroom homes decreased by 24.8%.
Housing Supply in Escambia County, FL
How many homes are available in Escambia County, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 263 | 274 | +4.2% |
Summary: The Escambia County real estate market had 274 homes for sale in May 2024, a 4.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 14 | 17 | +21.4% |
| 2 Bedrooms | 57 | 63 | +10.5% |
| 3 Bedrooms | 111 | 117 | +5.4% |
| 4 Bedrooms | 53 | 52 | -1.9% |
| 5+ Bedrooms | 28 | 25 | -10.7% |
Summary: The Escambia County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 21.4%, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 5.4%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes decreased by 10.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 37 | 37 | 0.0% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Escambia County, you may be able to get a good deal. 70.6% of homes here sold below asking price last month.
Summary: A total of 37 homes were sold or pending in Escambia County in May 2024, the same as the previous month. Of the 34 sold homes, 71% were sold under asking, 18% were sold at asking, and 12% were sold over asking.
Days on Market for Escambia County, FL
How long does it take to sell a home in Escambia County, FL?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 59 Days | 87 Days | +48.0% |
Summary: Homes in Escambia County had an average of 87 days on market in May 2024, up by 48% compared to last month.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Escambia County are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During May 2024, 37 homes were sold in Escambia County; 14% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
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