$4,216 Closing Credit*
$355,000
2,012 SqFt
4 Beds
•3 Full Baths
Elizabeth Ranieri-Sorrells, Listing Office: RE/MAX INFINITY
Is Northwest Escambia, 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, Northwest Escambia was a Buyer's Market.
Key Takeaway
Northwest Escambia is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Northwest Escambia, FL
How much do homes in Northwest Escambia, FL cost?
Median Sold Price
$370,000
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$43,000(+13.1%)
Key Takeaway
Homes in Northwest Escambia have sold for 13.1% more than they did a year ago.
Summary: The median home sold price in Northwest Escambia was $370,000 in October 2024, up 13.1% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $353K | N/A |
| 2 Bedrooms | - | $118K | N/A |
| 3 Bedrooms | $306K | $350K | +14.4% |
| 4 Bedrooms | $339K | $395K | +16.5% |
| 5+ Bedrooms | $470K | $540K | +14.9% |
Summary: Northwest Escambia housing prices by bedroom type for October 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 14.4%, 4 bedroom homes increased by 16.5%, and 5+ bedroom homes increased by 14.9%.
Median Sold Price Compared To Nearby Cities
| Northwest Escambia | $327K | $370K | +13.1% |
| Atmore | $193K | $195K | +1.0% |
| 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 20 | 0.0% |
Summary: The Northwest Escambia real estate market had 20 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 11 | 11 | 0.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Northwest Escambia 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northwest Escambia, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Northwest Escambia in October 2024, up by 300.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 73 Days | +167.3% |
Summary: Homes in Northwest Escambia had an average of 73 days on market in Oct 2024, up by 167.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Northwest Escambia has remained consistent over time.
Summary: During October 2024, 4 homes were sold in Northwest Escambia; 0% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 25% 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.
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.