$5,094 Closing Credit*
$429,000
800 SqFt
1 Bed
•1 Full Bath
The Wasson Group, Listing Office: Berkshire Hathaway HomeServices
Is Okaloosa County, 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, Okaloosa County was a Seller's Market.
Key Takeaway
Okaloosa County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Okaloosa County, FL
How much do homes in Okaloosa County, FL cost?
Median Sold Price
$353,526
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$10,255(-2.8%)
Key Takeaway
Homes in Okaloosa County have sold for 2.8% less than they did a year ago.
Summary: The median home sold price in Okaloosa County was $353,526 in November 2024, down 2.8% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $329K | $280.5K | -14.7% |
| 2 Bedrooms | $320.5K | $267.5K | -16.6% |
| 3 Bedrooms | $330.5K | $335K | +1.4% |
| 4 Bedrooms | $396.7K | $386.3K | -2.6% |
| 5+ Bedrooms | $553.4K | $435K | -21.4% |
Summary: Okaloosa County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.7%, 2 bedroom homes decreased by 16.6%, 3 bedroom homes increased by 1.4%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes decreased by 21.4%.
Median Sold Price Compared To Nearby Counties
| Walton County | $580.4K | $616.6K | +6.2% |
| Escambia County | $178K | $189K | +6.2% |
| Santa Rosa County | $369.9K | $375.7K | +1.6% |
| Okaloosa County | $363.7K | $353.5K | -2.8% |
Housing Supply in Okaloosa County, FL
How many homes are available in Okaloosa County, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2,289 | 2,237 | -2.3% |
Summary: The Okaloosa County real estate market had 2,237 homes for sale in November 2024, a 2.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 106 | 116 | +9.4% |
| 2 Bedrooms | 394 | 403 | +2.3% |
| 3 Bedrooms | 915 | 883 | -3.5% |
| 4 Bedrooms | 668 | 625 | -6.4% |
| 5+ Bedrooms | 206 | 210 | +1.9% |
Summary: The Okaloosa County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.4%, 2 bedroom homes increased by 2.3%, 3 bedroom homes decreased by 3.5%, 4 bedroom homes decreased by 6.4%, and 5+ bedroom homes increased by 1.9%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 290 | 250 | -13.8% |
Asking Price vs. Sold Price
151 Homes Were Sold
Under Asking
77 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Okaloosa County, you may be able to get a good deal. 60.6% of homes here sold below asking price last month.
Summary: A total of 250 homes were sold or pending in Okaloosa County in November 2024, down by 13.8% month-over-month. Of the 249 sold homes, 61% were sold under asking, 31% were sold at asking, and 8% were sold over asking.
Days on Market for Okaloosa County, FL
How long does it take to sell a home in Okaloosa County, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 54 Days | 88 Days | +62.2% |
Summary: Homes in Okaloosa County had an average of 88 days on market in Nov 2024, up by 62.2% compared to last year.
Breakdown of Home Sale Times
77 Homes Were Sold
Under 30 Days
75 Homes Were Sold
In 30 - 90 Days
98 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Okaloosa County are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 250 homes were sold in Okaloosa County; 31% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 39% of homes were sold over 90 days.
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Listings courtesy of Stellar MLS as distributed by MLS GRID.
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