$4,738 Closing Credit*
$399,000
2,262 SqFt
3 Beds
•2 Full Baths
Tanner Cribb, Listing Office: CENTURY 21 AMERISOUTH REALTY
Is Northwest Escambia, 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, Northwest Escambia was a Seller's Market.
Key Takeaway
Northwest Escambia is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Northwest Escambia, FL
How much do homes in Northwest Escambia, FL cost?
Median Sold Price
$367,500
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$53,500(+17.0%)
Key Takeaway
Homes in Northwest Escambia have sold for 17% more than they did a year ago.
Summary: The median home sold price in Northwest Escambia was $367,500 in November 2024, up 17% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $353K | N/A |
| 2 Bedrooms | - | $118K | N/A |
| 3 Bedrooms | $311.5K | $365K | +17.2% |
| 4 Bedrooms | $349.5K | $415.6K | +18.9% |
| 5+ Bedrooms | $452.5K | $540K | +19.3% |
Summary: Northwest Escambia housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 17.2%, 4 bedroom homes increased by 18.9%, and 5+ bedroom homes increased by 19.3%.
Median Sold Price Compared To Nearby Cities
| Northwest Escambia | $314K | $367.5K | +17.0% |
| Atmore | $189.9K | $195K | +2.7% |
| Molino | $384.9K | $375K | -2.6% |
Housing Supply in Northwest Escambia, FL
How many homes are available in Northwest Escambia, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 13 | -23.5% |
Summary: The Northwest Escambia real estate market had 13 homes for sale in November 2024, a 23.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 10 | 6 | -40.0% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Northwest Escambia housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 40%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 1 | -80.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northwest Escambia, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in Northwest Escambia in November 2024, down by 80.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Northwest Escambia, FL
How long does it take to sell a home in Northwest Escambia, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 160 Days | 14 Days | -91.3% |
Summary: Homes in Northwest Escambia had an average of 14 days on market in Nov 2024, down by 91.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Northwest Escambia are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 1 homes were sold in Northwest Escambia; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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.