Record hot real estate market near Fort Walton Beach pushes Okaloosa County home sale prices to $350,000

The median sales rate for a solitary-family residence offered in Okaloosa Dependy throughout April was $350,000. Which is an boost of 16.7% as opposed with April 2021, in accordance to a Usa Right now Network localized evaluation created with info from Realtor.com.

On a year-more than-calendar year basis, selling prices have been increasing for 30 consecutive months. April’s median sale price tag signifies an all-time record in a databases that covers 88 consecutive months. April charges are up from $330,000 the previous month.

The selection of residences sold fell by 28.7% from a 12 months earlier. A full of 337 homes ended up sold countywide through April. During the exact period of time a calendar year before, 473 solitary-relatives homes were being marketed.

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Walton County’s median sales rate for a one-loved ones dwelling was $540,000, up 16.4% from a yr before. Rates have been growing for seven consecutive months on a year-over-yr foundation. Some 337 properties were being bought in April, down 24.9% from a yr before.

Authentic estate revenue can choose weeks or months to be recorded and collected. This is the most up-to-date details built accessible by Realtor.com to the Usa Today Community.

Okaloosa County condominiums and townhomes bought in April had a median gross sales price tag of $445,000. That determine signifies a 56.1% enhance yr more than calendar year. Some 165 ended up marketed, down 18.3% from a calendar year previously.

How incredibly hot is Okaloosa County’s actual estate market in Florida?

Information and facts on your community housing markets is offered via the United states Right now Community, with additional details from Real estate agent.com.

In Okaloosa County the prime 10% of the attributes bought for at least $825,000, up 16.2% from a calendar year before.

In April, 38 homes offered for at minimum $1 million, consisting of 21 single-household homes and 17 condominiums or townhomes.

In Walton County the top 10% of the qualities marketed for at least $1,705,600, up 17.6% from a calendar year prior to.

Tale continues

Florida’s median one-relatives property gross sales rate was $400,000 in April, up 21.2% from a yr earlier. The state reported 26,149 solitary-relatives households sold, down 16.4% from a 12 months previously.

The median household sale value — the halfway point of all the residences or units bought around a interval of time — is used in this report as a substitute of the regular home sale price due to the fact professionals say the median provides a much more accurate check out of what’s happening in a marketplace. In discovering the ordinary cost, all selling prices of properties marketed are included and then divided by the number of houses marketed. This evaluate can be skewed by one low or large value.

The Usa Right now Network is publishing localized variations of this story on its news sites throughout the place, created with data from Real estate agent.com. Localized variations are created for communities the place the information top quality and transaction volume meets Real estate agent.com and United states of america Currently Network criteria. The tale was written by Sean Lahman.

This report at first appeared on Northwest Florida Daily Information: Okaloosa County’s common residence marketed for a higher value calendar year about 12 months