$10,000 Closing Credit*
$1,375,000
3,714 SqFt
5 Beds
•5 Full Baths, 1 Partial
Katie Gross, Listing Office: Kuhn Realty
Is 32502, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 32502 was a Seller's Market.
Key Takeaway
32502 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 32502, FL
How much do homes in 32502, FL cost?
Median Sold Price
$374,950
$263/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$84,550(-18.4%)
Key Takeaway
Homes in 32502 have sold for 18.4% less than they did a year ago.
Summary: The median home sold price in 32502 was $374,950 in November 2024, down 18.4% from last year, and the median price per square foot was $263.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $224K | $118.7K | -47.0% |
| 2 Bedrooms | $492.5K | $327.5K | -33.5% |
| 3 Bedrooms | $448.5K | $380K | -15.3% |
| 4 Bedrooms | $552.5K | $659.7K | +19.4% |
| 5+ Bedrooms | $427.5K | $1.5M | +262.6% |
Summary: 32502 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 47%, 2 bedroom homes decreased by 33.5%, 3 bedroom homes decreased by 15.3%, 4 bedroom homes increased by 19.4%, and 5+ bedroom homes increased by 262.6%.
Median Sold Price Compared To Nearby Zip Codes
| 32503 | $325K | $342K | +5.2% |
| 32505 | $169.9K | $173K | +1.8% |
| 32501 | $375K | $335K | -10.7% |
| 32502 | $459.5K | $374.9K | -18.4% |
Housing Supply in 32502, FL
How many homes are available in 32502, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 79 | 86 | +8.9% |
Summary: The 32502 real estate market had 86 homes for sale in November 2024, a 8.9% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 12 | 12 | 0.0% |
| 2 Bedrooms | 22 | 26 | +18.2% |
| 3 Bedrooms | 31 | 33 | +6.5% |
| 4 Bedrooms | 10 | 10 | 0.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The 32502 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 6.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 32502, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in 32502 in November 2024, the same as the previous month. Of the 7 sold homes, 57% were sold under asking, 43% were sold at asking, and 0% were sold over asking.
Days on Market for 32502, FL
How long does it take to sell a home in 32502, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 97 Days | 73 Days | -24.3% |
Summary: Homes in 32502 had an average of 73 days on market in Nov 2024, down by 24.3% 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 32502 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in 32502; 57% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
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.
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.