Uncategorized December 21, 2024

Santa Rosa County | Real Estate Market | Residential Single-Family

As of December 2024, Santa Rosa County’s real estate market favors sellers, with four months of inventory enabling them to set higher asking prices. The median home sale price is approximately $367,546, marking a 5.6% year-over-year increase. Sellers receive offers close to their asking price, with homes selling at about 96.4% of their listed value.

Homes now spend an average of 105 days on the market, up from 77 days in November 2023, signaling more extended selling periods. Meanwhile, home sales increased by 36% compared to November 2023, with 293 properties sold. This surge in sales shows a cooling market but gives sellers reasons to stay optimistic about their opportunities.