$150,000
10.90 Acres
Land
The Emerald Coast Team, Jeremy McVay, Listing Office: Coldwell Banker Realty
Is Laurel Hill, 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, Laurel Hill was a Neutral Market.
Key Takeaway
Laurel Hill is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Laurel Hill, FL
How much do homes in Laurel Hill, FL cost?
Median Sold Price
$317,990
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$3,910(-1.2%)
Key Takeaway
Homes in Laurel Hill have sold for 1.2% less than they did a year ago.
Summary: The median home sold price in Laurel Hill was $317,990 in November 2024, down 1.2% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $175K | $219.5K | +25.4% |
| 3 Bedrooms | $270K | $250K | -7.4% |
| 4 Bedrooms | $319.9K | $303.4K | -5.2% |
| 5+ Bedrooms | $365K | $329.9K | -9.6% |
Summary: Laurel Hill housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 25.4%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes decreased by 5.2%, and 5+ bedroom homes decreased by 9.6%.
Housing Supply in Laurel Hill, FL
How many homes are available in Laurel Hill, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 57 | 54 | -5.3% |
Summary: The Laurel Hill real estate market had 54 homes for sale in November 2024, a 5.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 17 | 16 | -5.9% |
| 4 Bedrooms | 20 | 19 | -5.0% |
| 5+ Bedrooms | 17 | 15 | -11.8% |
Summary: The Laurel Hill 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 33.3%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes decreased by 11.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Laurel Hill, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Laurel Hill in November 2024, down by 14.3% month-over-month. Of the 6 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Laurel Hill, FL
How long does it take to sell a home in Laurel Hill, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 144 Days | 87 Days | -39.9% |
Summary: Homes in Laurel Hill had an average of 87 days on market in Nov 2024, down by 39.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Laurel Hill are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in Laurel Hill; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
