$3,264 Closing Credit*
$274,900
1,350 SqFt
3 Beds
•1 Full Bath
Brendon Wung, Listing Office: EXP Realty LLC
Is Niceville-Valparaiso, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Niceville-Valparaiso has remained a Seller's Market.
Key Takeaway
Niceville-Valparaiso is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Niceville-Valparaiso, FL
How much do homes in Niceville-Valparaiso, FL cost?
Median Sold Price
$476,600
$247/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$21,540(+4.7%)
Key Takeaway
Homes in Niceville-Valparaiso have sold for 4.7% more than they did a year ago.
Summary: The median home sold price in Niceville-Valparaiso was $476,600 in November 2024, up 4.7% from last year, and the median price per square foot was $247.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $196.5K | $178.7K | -9.0% |
| 2 Bedrooms | $265K | $250K | -5.7% |
| 3 Bedrooms | $387K | $405K | +4.7% |
| 4 Bedrooms | $601K | $621.8K | +3.5% |
| 5+ Bedrooms | $810K | $767.4K | -5.3% |
Summary: Niceville-Valparaiso 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 5.7%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes decreased by 5.3%.
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-Valparaiso, FL
How many homes are available in Niceville-Valparaiso, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 243 | 233 | -4.1% |
Summary: The Niceville-Valparaiso real estate market had 233 homes for sale in November 2024, a 4.1% 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 | 29 | 27 | -6.9% |
| 3 Bedrooms | 119 | 112 | -5.9% |
| 4 Bedrooms | 78 | 76 | -2.6% |
| 5+ Bedrooms | 16 | 16 | 0.0% |
Summary: The Niceville-Valparaiso 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 6.9%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 41 | 41 | 0.0% |
Asking Price vs. Sold Price
27 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-Valparaiso, you may be able to get a good deal. 65.9% of homes here sold below asking price last month.
Summary: A total of 41 homes were sold or pending in Niceville-Valparaiso in November 2024, the same as the previous month. Of the 41 sold homes, 66% were sold under asking, 20% were sold at asking, and 15% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 30 Days | 66 Days | +118.2% |
Summary: Homes in Niceville-Valparaiso had an average of 66 days on market in Nov 2024, up by 118.2% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
11 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 November 2024, 41 homes were sold in Niceville-Valparaiso; 44% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
