$8,906 Closing Credit*
$750,000
2,782 SqFt
3 Beds
•3 Full Baths
At The Beach Team, Gilmore Erikson, Listing Office: Keller Williams Realty Destin
Is Niceville-Valparaiso, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Niceville-Valparaiso was a Seller's Market.
Key Takeaway
Niceville-Valparaiso 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-Valparaiso, FL
How much do homes in Niceville-Valparaiso, FL cost?
Median Sold Price
$479,000
$247/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$26,300(+5.8%)
Key Takeaway
Homes in Niceville-Valparaiso have sold for 5.8% more than they did a year ago.
Summary: The median home sold price in Niceville-Valparaiso was $479,000 in October 2024, up 5.8% from last year, and the median price per square foot was $247.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $196.5K | $178.7K | -9.0% |
| 2 Bedrooms | $265K | $250K | -5.7% |
| 3 Bedrooms | $383.6K | $399K | +4.0% |
| 4 Bedrooms | $600K | $615K | +2.5% |
| 5+ Bedrooms | $856.7K | $759.9K | -11.3% |
Summary: Niceville-Valparaiso housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9%, 2 bedroom homes decreased by 5.7%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes decreased by 11.3%.
Median Sold Price Compared To Nearby Cities
| Niceville | $450K | $485.8K | +8.0% |
| Niceville-Valparaiso | $452.7K | $479K | +5.8% |
| Valparaiso | $450K | $353.6K | -21.4% |
Housing Supply in Niceville-Valparaiso, FL
How many homes are available in Niceville-Valparaiso, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 235 | 247 | +5.1% |
Summary: The Niceville-Valparaiso real estate market had 247 homes for sale in October 2024, a 5.1% 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 | 20 | 28 | +40.0% |
| 3 Bedrooms | 119 | 118 | -0.8% |
| 4 Bedrooms | 83 | 85 | +2.4% |
| 5+ Bedrooms | 12 | 15 | +25.0% |
Summary: The Niceville-Valparaiso 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 increased by 40%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 | 40 | +17.6% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Niceville-Valparaiso, you may be able to get a good deal. 57.5% of homes here sold below asking price last month.
Summary: A total of 40 homes were sold or pending in Niceville-Valparaiso in October 2024, up by 17.6% month-over-month. Of the 40 sold homes, 57% were sold under asking, 33% were sold at asking, and 10% were sold over asking.
Days on Market for Niceville-Valparaiso, FL
How long does it take to sell a home in Niceville-Valparaiso, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 42 Days | 58 Days | +38.5% |
Summary: Homes in Niceville-Valparaiso had an average of 58 days on market in Oct 2024, up by 38.5% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Niceville-Valparaiso are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 40 homes were sold in Niceville-Valparaiso; 53% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange program of Central Panhandle Association of REALTORS®. 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. Information deemed reliable but not guaranteed. Properties subject to prior sale, change, withdrawal or rental. Copyright© 2024 Central Panhandle Association of REALTORS.© All Rights Reserved.