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 May 2023
Since last year, Santa Rosa County has remained a Seller's Market.
Housing Prices in Santa Rosa County, FL
How much do homes in Santa Rosa County, FL cost?
Median Sold Price
$389,970
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Santa Rosa County was $389,970 in May 2024, up 0.3% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $307.5K | $360K | +17.1% |
2 Bedrooms | $464.9K | $385K | -17.2% |
3 Bedrooms | $349.9K | $347.1K | -0.8% |
4 Bedrooms | $444.9K | $445K | 0.0% |
5+ Bedrooms | $574.5K | $540K | -6.0% |
Summary: Santa Rosa County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.1%, 2 bedroom homes decreased by 17.2%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 6%.
Median Sold Price Compared To Nearby Counties
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 Santa Rosa County, FL
How many homes are available in Santa Rosa County, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
452 | 451 | -0.2% |
Summary: The Santa Rosa County real estate market had 451 homes for sale in May 2024, a 0.2% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 10 | 9 | -10.0% |
2 Bedrooms | 29 | 24 | -17.2% |
3 Bedrooms | 202 | 196 | -3.0% |
4 Bedrooms | 166 | 175 | +5.4% |
5+ Bedrooms | 45 | 47 | +4.4% |
Summary: The Santa Rosa County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 10%, 2 bedroom homes decreased by 17.2%, 3 bedroom homes decreased by 3%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 4.4%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
84 | 76 | -9.5% |
Asking Price vs. Sold Price
39 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 76 homes were sold or pending in Santa Rosa County in May 2024, down by 9.5% month-over-month. Of the 76 sold homes, 51% were sold under asking, 26% were sold at asking, and 22% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
39 Days | 45 Days | +16.1% |
Summary: Homes in Santa Rosa County had an average of 45 days on market in May 2024, up by 16.1% compared to last year.
Breakdown of Home Sale Times
43 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Summary: During May 2024, 76 homes were sold in Santa Rosa County; 57% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.