$14,000
1.51 Acres
Land
Listing Office: Jim Roberts Realty Inc
Is 32448, FL 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, 32448 has remained a Buyer's Market.
Key Takeaway
32448 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 32448, FL
How much do homes in 32448, FL cost?
Median Sold Price
$149,500
$114/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$25,500(-14.6%)
Key Takeaway
Homes in 32448 have sold for 14.6% less than they did a year ago.
Summary: The median home sold price in 32448 was $149,500 in October 2024, down 14.6% from last year, and the median price per square foot was $114.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $44K | N/A |
| 2 Bedrooms | $59.2K | $89K | +50.2% |
| 3 Bedrooms | $185.5K | $155K | -16.4% |
| 4 Bedrooms | $90K | $310K | +244.4% |
| 5+ Bedrooms | $262K | $319.5K | +21.9% |
Summary: 32448 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 50.2%, 3 bedroom homes decreased by 16.4%, 4 bedroom homes increased by 244.4%, and 5+ bedroom homes increased by 21.9%.
Housing Supply in 32448, FL
How many homes are available in 32448, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 26 | -3.7% |
Summary: The 32448 real estate market had 26 homes for sale in October 2024, a 3.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 14 | 16 | +14.3% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The 32448 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 32448, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 32448 in October 2024, down by 50.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 32448, FL
How long does it take to sell a home in 32448, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 4 Days | 22 Days | +450.0% |
Summary: Homes in 32448 had an average of 22 days on market in Oct 2024, up by 450% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 32448 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in 32448; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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Information Deemed Reliable but not guaranteed. The information being provided is 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. All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright 2024. All rights reserved.