$2,494 Closing Credit*
$210,000
1,196 SqFt
3 Beds
•1 Full Bath
Ansley Moore, Listing Office: Levin Rinke Realty
Is 32505, 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, 32505 was a Seller's Market.
Key Takeaway
32505 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 32505, FL
How much do homes in 32505, FL cost?
Median Sold Price
$173,000
$139/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$3,075(+1.8%)
Key Takeaway
Homes in 32505 have sold for 1.8% more than they did a year ago.
Summary: The median home sold price in 32505 was $173,000 in November 2024, up 1.8% from last year, and the median price per square foot was $139.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $145K | $135K | -6.9% |
| 2 Bedrooms | $85K | $122.5K | +44.1% |
| 3 Bedrooms | $170K | $171.2K | +0.7% |
| 4 Bedrooms | $190.5K | $213K | +11.8% |
| 5+ Bedrooms | $213.5K | $580K | +171.7% |
Summary: 32505 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.9%, 2 bedroom homes increased by 44.1%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes increased by 171.7%.
Median Sold Price Compared To Nearby Zip Codes
| 32503 | $325K | $342K | +5.2% |
| 32506 | $252.3K | $260.4K | +3.2% |
| 32505 | $169.9K | $173K | +1.8% |
| 32501 | $375K | $335K | -10.7% |
| 32502 | $459.5K | $374.9K | -18.4% |
Housing Supply in 32505, FL
How many homes are available in 32505, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 167 | 159 | -4.8% |
Summary: The 32505 real estate market had 159 homes for sale in November 2024, a 4.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 18 | 17 | -5.6% |
| 3 Bedrooms | 113 | 106 | -6.2% |
| 4 Bedrooms | 27 | 28 | +3.7% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 32505 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 5.6%, 3 bedroom homes decreased by 6.2%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 | 24 | 0.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 32505, you may be able to get a good deal. 55% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in 32505 in November 2024, the same as the previous month. Of the 20 sold homes, 55% were sold under asking, 25% were sold at asking, and 20% were sold over asking.
Days on Market for 32505, FL
How long does it take to sell a home in 32505, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 29 Days | 91 Days | +213.1% |
Summary: Homes in 32505 had an average of 91 days on market in Nov 2024, up by 213.1% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 32505 has remained consistent over time.
Summary: During November 2024, 24 homes were sold in 32505; 29% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
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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.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange program of Central Panhandle Association of REALTORS®. 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. Information deemed reliable but not guaranteed. Properties subject to prior sale, change, withdrawal or rental. Copyright© 2024 Central Panhandle Association of REALTORS.© All Rights Reserved.