$7,066 Closing Credit*
$595,000
3,210 SqFt
4 Beds
•3 Full Baths
Greg Dawson, Listing Office: GRAND REALTY, INC.
Is Pace, 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, Pace has remained a Seller's Market.
Key Takeaway
Pace is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pace, FL
How much do homes in Pace, FL cost?
Median Sold Price
$333,982
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$6,716(+2.1%)
Key Takeaway
Homes in Pace have sold for 2.1% more than they did a year ago.
Summary: The median home sold price in Pace was $333,982 in November 2024, up 2.1% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $172.8K | $358K | +107.2% |
| 2 Bedrooms | $197.5K | $211K | +6.8% |
| 3 Bedrooms | $292.2K | $285K | -2.5% |
| 4 Bedrooms | $349.9K | $370K | +5.7% |
| 5+ Bedrooms | $449.9K | $567.5K | +26.1% |
Summary: Pace housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 107.2%, 2 bedroom homes increased by 6.8%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 26.1%.
Median Sold Price Compared To Nearby Cities
| Allentown | $296.9K | $412.4K | +38.9% |
| Skyline | $337.7K | $350K | +3.6% |
| Pace | $327.2K | $333.9K | +2.1% |
| Milton | $319.9K | $319.8K | 0% |
| Avalon-Mulat | $310K | $284.5K | -8.2% |
Housing Supply in Pace, FL
How many homes are available in Pace, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 267 | 265 | -0.7% |
Summary: The Pace real estate market had 265 homes for sale in November 2024, a 0.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 128 | 131 | +2.3% |
| 4 Bedrooms | 115 | 109 | -5.2% |
| 5+ Bedrooms | 21 | 22 | +4.8% |
Summary: The Pace housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 2.3%, 4 bedroom homes decreased by 5.2%, and 5+ bedroom homes increased by 4.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 54 | 48 | -11.1% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pace, you may be able to get a good deal. 57.4% of homes here sold below asking price last month.
Summary: A total of 48 homes were sold or pending in Pace in November 2024, down by 11.1% month-over-month. Of the 47 sold homes, 57% were sold under asking, 28% were sold at asking, and 15% were sold over asking.
Days on Market for Pace, FL
How long does it take to sell a home in Pace, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 44 Days | 60 Days | +37.3% |
Summary: Homes in Pace had an average of 60 days on market in Nov 2024, up by 37.3% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Pace are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 48 homes were sold in Pace; 40% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
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.
All listings featuring the BMLS logo are provided by BeachesMLS, Inc. Copyright 2024 BeachesMLS, Inc.