$3,561 Closing Credit*
$299,900
1,464 SqFt
2 Beds
•1 Full Bath
Preston Murphy, Listing Office: KELLER WILLIAMS REALTY GULF COAST
Is Sunny Ridge, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Sunny Ridge has remained a Seller's Market.
Key Takeaway
Sunny Ridge is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sunny Ridge, FL
How much do homes in Sunny Ridge, FL cost?
Median Sold Price
$220,000
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,000(+10.0%)
Key Takeaway
Homes in Sunny Ridge have sold for 10% more than they did a year ago.
Summary: The median home sold price in Sunny Ridge was $220,000 in October 2024, up 10% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $105K | N/A |
| 2 Bedrooms | $145K | $205K | +41.4% |
| 3 Bedrooms | $216K | $229.8K | +6.4% |
| 4 Bedrooms | $200K | $235K | +17.5% |
| 5+ Bedrooms | $265K | - | N/A |
Summary: Sunny Ridge 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 increased by 41.4%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 17.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Sunny Ridge | $200K | $220K | +10.0% |
| West Pensacola | $166.6K | $169.9K | +2.0% |
| Renz-anna Villa | $369K | $347K | -6.0% |
| Saint John Coalition | $395K | $350K | -11.4% |
Housing Supply in Sunny Ridge, FL
How many homes are available in Sunny Ridge, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 32 | 31 | -3.1% |
Summary: The Sunny Ridge real estate market had 31 homes for sale in October 2024, a 3.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 24 | 24 | 0.0% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Sunny Ridge 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 decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sunny Ridge, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Sunny Ridge in October 2024, the same as the previous month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Sunny Ridge, FL
How long does it take to sell a home in Sunny Ridge, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 17 Days | 62 Days | +250.9% |
Summary: Homes in Sunny Ridge had an average of 62 days on market in Oct 2024, up by 250.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Sunny Ridge are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in Sunny Ridge; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
