Is Okaloosa County, 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, Okaloosa County was a Seller's Market.
Housing Prices in Okaloosa County, FL
How much do homes in Okaloosa County, FL cost?
Median Sold Price
$360,270
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Okaloosa County was $360,270 in May 2024, up 1.3% from last year, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $321K | $325K | +1.2% |
2 Bedrooms | $300K | $296K | -1.3% |
3 Bedrooms | $324.9K | $334.9K | +3.1% |
4 Bedrooms | $393.7K | $401.9K | +2.1% |
5+ Bedrooms | $540K | $492K | -8.9% |
Summary: Okaloosa County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.2%, 2 bedroom homes decreased by 1.3%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes decreased by 8.9%.
Median Sold Price Compared To Nearby Counties
Walton County | $600.7K | $617.3K | +2.8% |
Okaloosa County | $355.6K | $360.2K | +1.3% |
Santa Rosa County | $388.9K | $389.9K | 0.3% |
Escambia County | $176.5K | $177K | 0.3% |
Housing Supply in Okaloosa County, FL
How many homes are available in Okaloosa County, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2,240 | 2,309 | +3.1% |
Summary: The Okaloosa County real estate market had 2,309 homes for sale in May 2024, a 3.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 139 | 150 | +7.9% |
2 Bedrooms | 391 | 404 | +3.3% |
3 Bedrooms | 818 | 856 | +4.6% |
4 Bedrooms | 670 | 674 | +0.6% |
5+ Bedrooms | 222 | 225 | +1.4% |
Summary: The Okaloosa County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.9%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes increased by 1.4%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
310 | 374 | +20.6% |
Asking Price vs. Sold Price
202 Homes Were Sold
Under Asking
122 Homes Were Sold
At Asking
50 Homes Were Sold
Over Asking
Summary: A total of 374 homes were sold or pending in Okaloosa County in May 2024, up by 20.6% month-over-month. Of the 374 sold homes, 54% were sold under asking, 33% were sold at asking, and 13% were sold over asking.
Days on Market for Okaloosa County, FL
How long does it take to sell a home in Okaloosa County, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
57 Days | 60 Days | +4.8% |
Summary: Homes in Okaloosa County had an average of 60 days on market in May 2024, up by 4.8% compared to last year.
Breakdown of Home Sale Times
182 Homes Were Sold
Under 30 Days
98 Homes Were Sold
In 30 - 90 Days
94 Homes Were Sold
Over 90 Days
Summary: During May 2024, 374 homes were sold in Okaloosa County; 49% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.