$5,105 Closing Credit*
$429,900
1,550 SqFt
3 Beds
•2 Full Baths, 1 Partial
Mitch Adcox, Listing Office: ERIC GLEATON REALTY, INC
Is 32503, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 32503 was a Seller's Market.
Key Takeaway
32503 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 32503, FL
How much do homes in 32503, FL cost?
Median Sold Price
$343,000
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$19,500(+6.0%)
Key Takeaway
Homes in 32503 have sold for 6% more than they did a year ago.
Summary: The median home sold price in 32503 was $343,000 in October 2024, up 6% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $116.2K | $151.6K | +30.4% |
| 2 Bedrooms | $225K | $269K | +19.6% |
| 3 Bedrooms | $300K | $329K | +9.7% |
| 4 Bedrooms | $420K | $435.5K | +3.7% |
| 5+ Bedrooms | $681.5K | $762.5K | +11.9% |
Summary: 32503 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30.4%, 2 bedroom homes increased by 19.6%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 11.9%.
Median Sold Price Compared To Nearby Zip Codes
| 32503 | $323.5K | $343K | +6.0% |
| 32504 | $277K | $285K | +2.9% |
| 32505 | $170K | $171.6K | +1.0% |
| 32501 | $371.2K | $342.5K | -7.7% |
| 32502 | $456K | $380K | -16.7% |
Housing Supply in 32503, FL
How many homes are available in 32503, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 184 | 199 | +8.2% |
Summary: The 32503 real estate market had 199 homes for sale in October 2024, a 8.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 29 | 29 | 0.0% |
| 3 Bedrooms | 96 | 109 | +13.5% |
| 4 Bedrooms | 48 | 51 | +6.3% |
| 5+ Bedrooms | 11 | 10 | -9.1% |
Summary: The 32503 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 remained the same, 3 bedroom homes increased by 13.5%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 25 | -3.8% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 32503, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in 32503 in October 2024, down by 3.8% month-over-month. Of the 21 sold homes, 67% were sold under asking, 29% were sold at asking, and 5% were sold over asking.
Days on Market for 32503, FL
How long does it take to sell a home in 32503, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 52 Days | 50 Days | -2.9% |
Summary: Homes in 32503 had an average of 50 days on market in Oct 2024, down by 2.9% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 32503 has remained consistent over time.
Summary: During October 2024, 25 homes were sold in 32503; 40% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 16% 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.
The data relating to real estate for sale on this website comes in part from the Southwest Florida Multiple Listing Service. 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. Information has not been verified, is not guaranteed, and is subject to change. Real estate listings held by other brokerage firms other are marked with the IDX logo and detailed information about them includes the name of the listing brokers.