Is Niceville, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Niceville has remained a Seller's Market.
Key Takeaway
Niceville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Niceville, FL
How much do homes in Niceville, FL cost?
Median Sold Price
$474,475
$247/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Niceville have sold for 7.2% more than they did a year ago.
Summary: The median home sold price in Niceville was $474,475 in April 2024, up 7.2% from last year, and the median price per square foot was $247.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $187.9K | $191.7K | +2.0% |
| 2 Bedrooms | $265K | $267.2K | +0.8% |
| 3 Bedrooms | $380.5K | $408K | +7.2% |
| 4 Bedrooms | $585K | $610K | +4.3% |
| 5+ Bedrooms | $827.5K | $775K | -6.3% |
Summary: Niceville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2%, 2 bedroom homes increased by 0.8%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes decreased by 6.3%.
Median Sold Price Compared To Nearby Cities
| Niceville | $442.5K | $474.4K | +7.2% |
| Niceville-Valparaiso | $439.8K | $460K | +4.6% |
| Valparaiso | $405K | $364.3K | -10.0% |
Housing Supply in Niceville, FL
How many homes are available in Niceville, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 216 | 218 | +0.9% |
Summary: The Niceville real estate market had 218 homes for sale in April 2024, a 0.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 21 | 22 | +4.8% |
| 3 Bedrooms | 91 | 94 | +3.3% |
| 4 Bedrooms | 82 | 80 | -2.4% |
| 5+ Bedrooms | 19 | 19 | 0.0% |
Summary: The Niceville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 3.3%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 41 | 45 | +9.8% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Niceville, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 45 homes were sold or pending in Niceville in April 2024, up by 9.8% month-over-month. Of the 45 sold homes, 33% were sold under asking, 40% were sold at asking, and 27% were sold over asking.
Days on Market for Niceville, FL
How long does it take to sell a home in Niceville, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 39 Days | 63 Days | +61.6% |
Summary: Homes in Niceville had an average of 63 days on market in Apr 2024, up by 61.6% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Niceville are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 45 homes were sold in Niceville; 62% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
