$4,334 Closing Credit*
$365,000
1,538 SqFt
2 Beds
•2 Full Baths, 1 Partial
Cathy J Alley, Debbie Lowmiller, Listing Office: Berkshire Hathaway HomeServices PenFed Realty
Is Niceville, 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, Niceville was a Seller's Market.
Key Takeaway
Niceville 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 Niceville, FL
How much do homes in Niceville, FL cost?
Median Sold Price
$485,165
$248/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$30,315(+6.7%)
Key Takeaway
Homes in Niceville have sold for 6.7% more than they did a year ago.
Summary: The median home sold price in Niceville was $485,165 in November 2024, up 6.7% from last year, and the median price per square foot was $248.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $196.5K | $178.7K | -9.0% |
| 2 Bedrooms | $272.2K | $249.9K | -8.2% |
| 3 Bedrooms | $395.7K | $418K | +5.6% |
| 4 Bedrooms | $610K | $625K | +2.5% |
| 5+ Bedrooms | $825K | $759.9K | -7.9% |
Summary: Niceville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9%, 2 bedroom homes decreased by 8.2%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes decreased by 7.9%.
Median Sold Price Compared To Nearby Cities
| Niceville | $454.8K | $485.1K | +6.7% |
| Niceville-Valparaiso | $455K | $476.6K | +4.7% |
| Valparaiso | $435K | $355K | -18.4% |
Housing Supply in Niceville, FL
How many homes are available in Niceville, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 231 | 226 | -2.2% |
Summary: The Niceville real estate market had 226 homes for sale in November 2024, a 2.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 27 | 25 | -7.4% |
| 3 Bedrooms | 114 | 109 | -4.4% |
| 4 Bedrooms | 75 | 76 | +1.3% |
| 5+ Bedrooms | 14 | 14 | 0.0% |
Summary: The Niceville housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 7.4%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 37 | 37 | 0.0% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Niceville, you may be able to get a good deal. 62.2% of homes here sold below asking price last month.
Summary: A total of 37 homes were sold or pending in Niceville in November 2024, the same as the previous month. Of the 37 sold homes, 62% were sold under asking, 22% were sold at asking, and 16% were sold over asking.
Days on Market for Niceville, FL
How long does it take to sell a home in Niceville, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 37 Days | 67 Days | +80.9% |
Summary: Homes in Niceville had an average of 67 days on market in Nov 2024, up by 80.9% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Niceville are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 37 homes were sold in Niceville; 43% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
