$4,263 Closing Credit*
$359,000
1,946 SqFt
3 Beds
•2 Full Baths
Randall Graves, Listing Office: Engel & Volkers Pensacola
Is Myrtle Grove, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Myrtle Grove has remained a Seller's Market.
Key Takeaway
Myrtle Grove is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Myrtle Grove, FL
How much do homes in Myrtle Grove, FL cost?
Median Sold Price
$245,000
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$28,000(+12.9%)
Key Takeaway
Homes in Myrtle Grove have sold for 12.9% more than they did a year ago.
Summary: The median home sold price in Myrtle Grove was $245,000 in October 2024, up 12.9% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $45K | $131K | +191.1% |
| 2 Bedrooms | $152.4K | $132.2K | -13.3% |
| 3 Bedrooms | $220K | $245K | +11.4% |
| 4 Bedrooms | $249.9K | $285K | +14.0% |
| 5+ Bedrooms | $282.5K | $388K | +37.3% |
Summary: Myrtle Grove housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 191.1%, 2 bedroom homes decreased by 13.3%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 14%, and 5+ bedroom homes increased by 37.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Myrtle Grove | $217K | $245K | +12.9% |
| West Pensacola | $166.6K | $169.9K | +2.0% |
| Warrington | $245K | $250K | +2.0% |
| Bellview | $235K | $239.3K | +1.8% |
| Perdido Bay | $338.6K | $335K | -1.1% |
Housing Supply in Myrtle Grove, FL
How many homes are available in Myrtle Grove, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 72 | 82 | +13.9% |
Summary: The Myrtle Grove real estate market had 82 homes for sale in October 2024, a 13.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 39 | 44 | +12.8% |
| 4 Bedrooms | 25 | 29 | +16.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Myrtle Grove 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 12.8%, 4 bedroom homes increased by 16%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 14 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Myrtle Grove, expect to pay close to the asking price. 57.1% of homes here sold near the asking price last month.
Summary: A total of 14 homes were sold or pending in Myrtle Grove in October 2024, the same as the previous month. Of the 14 sold homes, 21% were sold under asking, 57% were sold at asking, and 21% were sold over asking.
Days on Market for Myrtle Grove, FL
How long does it take to sell a home in Myrtle Grove, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 26 Days | 71 Days | +175.3% |
Summary: Homes in Myrtle Grove had an average of 71 days on market in Oct 2024, up by 175.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Myrtle Grove are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 14 homes were sold in Myrtle Grove; 43% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 21% 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.
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.