$2,138 Closing Credit*
$180,000
2,178 SqFt
3 Beds
•2 Full Baths
Ann Gordon, Listing Office: FirstSouth Properties
Is Escambia County, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Escambia County has remained a Seller's Market.
Key Takeaway
Escambia County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Escambia County, AL
How much do homes in Escambia County, AL cost?
Median Sold Price
$189,000
$106/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$7,750(+4.3%)
Key Takeaway
Homes in Escambia County have sold for 4.3% more than they did a year ago.
Summary: The median home sold price in Escambia County was $189,000 in October 2024, up 4.3% from last year, and the median price per square foot was $106.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $119K | $140K | +17.6% |
| 3 Bedrooms | $179K | $173K | -3.4% |
| 4 Bedrooms | $189.9K | $231K | +21.6% |
| 5+ Bedrooms | $300.2K | $260K | -13.4% |
Summary: Escambia County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.6%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 21.6%, and 5+ bedroom homes decreased by 13.4%.
Median Sold Price Compared To Nearby Counties
| Escambia County | $181.2K | $189K | +4.3% |
| Santa Rosa County | $370.1K | $374.9K | +1.3% |
| Escambia County | $294.9K | $294.8K | -0.1% |
Housing Supply in Escambia County, AL
How many homes are available in Escambia County, AL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 123 | 138 | +12.2% |
Summary: The Escambia County real estate market had 138 homes for sale in October 2024, a 12.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 11 | 10 | -9.1% |
| 3 Bedrooms | 60 | 73 | +21.7% |
| 4 Bedrooms | 36 | 40 | +11.1% |
| 5+ Bedrooms | 14 | 13 | -7.1% |
Summary: The Escambia County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 9.1%, 3 bedroom homes increased by 21.7%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 7.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 24 | +50.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
5 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. 43.5% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in Escambia County in October 2024, up by 50.0% month-over-month. Of the 23 sold homes, 43% were sold under asking, 35% were sold at asking, and 22% were sold over asking.
Days on Market for Escambia County, AL
How long does it take to sell a home in Escambia County, AL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 35 Days | 106 Days | +197.2% |
Summary: Homes in Escambia County had an average of 106 days on market in Oct 2024, up by 197.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Escambia County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 24 homes were sold in Escambia County; 17% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
Listing information Copyright © 2024 Baldwin County Association of REALTORS®, Inc. All rights reserved. MLS 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. Data is deemed reliable but is not guaranteed accurate by the MLS.
Listing Information Copyright 2024 Multiple Listing Service, Inc. of Montgomery Area Association of REALTORS®, Inc. All rights reserved. Information herein is believed to be accurate and timely, but no warranty as such is expressed or implied. The information being provided is for consumers personal, non-commercial use and will not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this web site comes in part from the IDX Program of the Multiple Listing Service, Inc. of Montgomery Area Association of REALTORS® Inc. Real estate listings held by brokerage firms other than this broker are governed by MLS Rules and Regulations and detailed information about them includes the name of the listing companies. 