Is Mary Esther, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mary Esther is a buyer's market

Buyer's
Market

Difference Since December 2023

At the same time last year, Mary Esther was a Seller's Market.

Key Takeaway

Mary Esther is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Mary Esther, FL

How much do homes in Mary Esther, FL cost?

Median Sold Price

$346,000

$220/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$16,000(+4.8%)

Key Takeaway

Homes in Mary Esther have sold for 4.8% more than they did a year ago.

Summary: The median home sold price in Mary Esther was $346,000 in December 2024, up 4.8% from last year, and the median price per square foot was $220.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $189K$155K
-18.0%
2 $244.9K$219K
-10.6%
3 $322.5K$328K
+1.7%
4 $401.5K$406K
+1.1%
5+ $632K$1.0M
+58.2%

Summary: Mary Esther housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18%, 2 bedroom homes decreased by 10.6%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 58.2%.

Median Sold Price Compared To Nearby Cities

Mary Esther
+4.8%
Fort Walton Beach
-1.4%

Housing Supply in Mary Esther, FL

How many homes are available in Mary Esther, FL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
100109+9.0%

Summary: The Mary Esther real estate market had 109 homes for sale in December 2024, a 9.0% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 56
+20.0%
2 1213
+8.3%
3 5864
+10.3%
4 2222
0.0%
5+ 34
+33.3%

Summary: The Mary Esther housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 10.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
610+66.7%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer50%30%20%

Key Takeaway

If you're buying a home in Mary Esther, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 10 homes were sold or pending in Mary Esther in December 2024, up by 66.7% month-over-month. Of the 10 sold homes, 30% were sold under asking, 20% were sold at asking, and 50% were sold over asking.

Days on Market for Mary Esther, FL

How long does it take to sell a home in Mary Esther, FL?

Average Sale Time

Dec 2023Dec 2024CHANGE
24 Days60 Days+145.6%

Summary: Homes in Mary Esther had an average of 60 days on market in Dec 2024, up by 145.6% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times40%40%20%

Key Takeaway

Many homes in Mary Esther are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 10 homes were sold in Mary Esther; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 7 Days Ago

Newest Listings in Mary Esther, FL

Nearby Markets to Mary Esther, FL

What housing markets are near Mary Esther, FL?