Is Fort Walton Beach, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Fort Walton Beach was a Seller's Market.
Key Takeaway
Fort Walton Beach is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Fort Walton Beach, FL
How much do homes in Fort Walton Beach, FL cost?
Median Sold Price
$345,957
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Fort Walton Beach have sold for 1.8% more than they did a year ago.
Summary: The median home sold price in Fort Walton Beach was $345,957 in May 2024, up 1.8% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $361.2K | $440K | +21.8% |
| 2 Bedrooms | $275K | $280K | +1.8% |
| 3 Bedrooms | $320K | $334.9K | +4.7% |
| 4 Bedrooms | $419K | $435K | +3.8% |
| 5+ Bedrooms | $462.5K | $450K | -2.7% |
Summary: Fort Walton Beach housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.8%, 2 bedroom homes increased by 1.8%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes decreased by 2.7%.
Median Sold Price Compared To Nearby Cities
| Fort Walton Beach | $340K | $345.9K | +1.8% |
| Mary Esther | $330K | $335K | +1.5% |
Housing Supply in Fort Walton Beach, FL
How many homes are available in Fort Walton Beach, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 466 | 494 | +6.0% |
Summary: The Fort Walton Beach real estate market had 494 homes for sale in May 2024, a 6.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 58 | 66 | +13.8% |
| 2 Bedrooms | 127 | 130 | +2.4% |
| 3 Bedrooms | 193 | 198 | +2.6% |
| 4 Bedrooms | 73 | 83 | +13.7% |
| 5+ Bedrooms | 15 | 17 | +13.3% |
Summary: The Fort Walton Beach housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 13.8%, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 13.7%, and 5+ bedroom homes increased by 13.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 68 | 67 | -1.5% |
Asking Price vs. Sold Price
37 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fort Walton Beach, you may be able to get a good deal. 55.2% of homes here sold below asking price last month.
Summary: A total of 67 homes were sold or pending in Fort Walton Beach in May 2024, down by 1.5% month-over-month. Of the 67 sold homes, 55% were sold under asking, 28% were sold at asking, and 16% were sold over asking.
Days on Market for Fort Walton Beach, FL
How long does it take to sell a home in Fort Walton Beach, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 49 Days | 55 Days | +11.4% |
Summary: Homes in Fort Walton Beach had an average of 55 days on market in May 2024, up by 11.4% compared to last year.
Breakdown of Home Sale Times
34 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fort Walton Beach are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 67 homes were sold in Fort Walton Beach; 51% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
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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Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing 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. This property is offered without respect to any protected classes in accordance with the law.