Market Reports by Rob Brooks Realty

Niceville, FL

Single-Family Homes

mail@robbrooks.com | (850) 776-6706 | RobBrooksRealty.com



Niceville, FL

Sun Sep 15 2024
This week the median list price for Niceville, FL is $599,900 with the market action index hovering around 38. This is about the same as last month's market action index of 38. Inventory has decreased to 124. Click here to stay informed with the Niceville market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Niceville, FL

Sun Sep 15 2024
This week the median list price for Niceville, FL is $599,900 with the market action index hovering around 38. This is about the same as last month's market action index of 38. Inventory has decreased to 124. Click here to stay informed with the Niceville market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Niceville market.
Median List Price $599,900
Median Price of New Listings $449,500
Per Square Foot $263
Average Days on Market 83
Median Days on Market 63
Price Decreased 52%
Price Increased 3%
Relisted 6%
Inventory 124
Median Rent
Market Action 38
Slight Seller's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$845,000 2,904 0.25 - 0.5 acre 4 3 6 2 0 42
$649,900 2,421 0.25 - 0.5 acre 4 3 18 3 1 77
$524,900 2,172 0.25 - 0.5 acre 3 2 35 0 6 77
$379,000 1,572 8,000 - 10,000 sqft 3 2 45 6 2 56