$4,986 Closing Credit*
$419,900
1,465 SqFt
3 Beds
•2 Full Baths
Harvey Davis, Listing Office: GULF SHORES REALTY
Is 34232, 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, 34232 was a Seller's Market.
Key Takeaway
34232 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 34232, FL
How much do homes in 34232, FL cost?
Median Sold Price
$386,650
$270/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$10,375(-2.6%)
Key Takeaway
Homes in 34232 have sold for 2.6% less than they did a year ago.
Summary: The median home sold price in 34232 was $386,650 in November 2024, down 2.6% from last year, and the median price per square foot was $270.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $180.9K | $154.7K | -14.5% |
| 2 Bedrooms | $300K | $290K | -3.3% |
| 3 Bedrooms | $435K | $425K | -2.3% |
| 4 Bedrooms | $470K | $535K | +13.8% |
| 5+ Bedrooms | $552.5K | $727.5K | +31.7% |
Summary: 34232 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.5%, 2 bedroom homes decreased by 3.3%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes increased by 31.7%.
Housing Supply in 34232, FL
How many homes are available in 34232, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 230 | 242 | +5.2% |
Summary: The 34232 real estate market had 242 homes for sale in November 2024, a 5.2% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 8 | +14.3% |
| 2 Bedrooms | 92 | 96 | +4.3% |
| 3 Bedrooms | 105 | 114 | +8.6% |
| 4 Bedrooms | 20 | 18 | -10.0% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The 34232 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 8.6%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 33 | 24 | -27.3% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 34232, you may be able to get a good deal. 87.5% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in 34232 in November 2024, down by 27.3% month-over-month. Of the 24 sold homes, 88% were sold under asking, 8% were sold at asking, and 4% were sold over asking.
Days on Market for 34232, FL
How long does it take to sell a home in 34232, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 30 Days | 64 Days | +114.9% |
Summary: Homes in 34232 had an average of 64 days on market in Nov 2024, up by 114.9% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 34232 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 24 homes were sold in 34232; 42% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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