32541 Housing Market Report March 2025•Okaloosa County, Florida

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Housing Prices in 32541, FL

How much do homes in 32541, FL cost?

Housing Market Conditions

Is 32541, FL a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

32541 is a Buyer's Market

Difference Since March 2024

At the same time last year, 32541 was a Neutral Market.

Insight

32541 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$615,000$364/SqFt
-$40,437
-6.2%

Based on all homes sold in the last 12 months

Insight

Homes in 32541 have sold for 6.2% less than they did a year ago.

Summary: The median home sold price in 32541 was $615,000 in March 2025, down 6.2% from last year, and the median price per square foot was $364.

Median Sold Price By Zip Codes

Median Sold Price By Zip Codes
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
32550
+3.4%
32541
-6.2%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsMar 2024Mar 2025Change YoY
1$360K$335K
-6.9%
2$485K$415K
-14.4%
3$637.5K$615K
-3.5%
4$1.0M$1.0M
-2.4%
5$2.0M$1.8M
-8.0%

Summary: 32541 housing price by bedroom type for March 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -6.9%. The home price for 2 bedroom homes decreased by -14.4%. The home price for 3 bedroom homes decreased by -3.5%. The home price for 4 bedroom homes decreased by -2.4%. The home price for 5 bedroom homes decreased by -8.0%.

How does 32541, FL compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

32541, FL

Housing supply in 32541, FL

How many homes are available in 32541, FL?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
779Last MonthMar 2025
6732 months agoFeb 2025
+15.8 %
Change MoMFeb – Mar

Summary: The 32541 real estate market had 779 homes for sale in Mar 2025, a 15.8 % increase compared to Feb 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
65Last MonthMar 2025
502 months agoFeb 2025
+30.0 %
Change MoMFeb – Mar

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsFeb 2025Mar 2025Change MoM
16476
+18.8%
2218258
+18.3%
3195222
+13.8%
4102117
+14.7%
594106
+12.8%

Summary: 32541 housing inventory by bedroom type for March 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +18.8%. The inventory for 2 bedroom homes increased by +18.3%. The inventory for 3 bedroom homes increased by +13.8%. The inventory for 4 bedroom homes increased by +14.7%. The inventory for 5 bedroom homes increased by +12.8%.

Asking Price vs. Sold Price

How much do homes in 32541, FL cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price1 Home

At Asking Price8 Homes

Under Asking Price56 Homes

Insight

If you're buying a home in 32541, you may be able to get a good deal. 86.2% of homes here sold below asking price last month.

Summary: A total of 65 homes were sold or pending in 32541 in March 2025, up by 30.0% month-over-month. Of the 65 sold homes, 86% were sold under asking, 12% were sold at asking, and and 2% were sold over asking.

Days on Market for 32541, FL

How long does it take to sell a home in 32541, FL?

Breakdown of Home Sale Times

Under 30 Days19 Homes

30 – 90 Days14 Homes

Over 90 Days32 Homes

Insight

Most homes in 32541 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During March 2025, 65 homes were sold in 32541; 29% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 49% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
122 DaysThis YearMar 2025
79 Days1 year agoMar 2024
+52.9 %
Change YoYMar 2024 – Mar 2025

Summary: Homes in 32541 had an average listing age of 122 days in Mar 2025, up by 52.9% compared to the previous year.

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Newest Listings in 32541, FL

What homes are available in 32541, FL?

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MLS Disclaimers and Copyright

Based on information from Emerald Coast MLS, Central Panhandle Association of REALTORS® MLS, Pensacola MLS, and Stellar MLS for the period 04/01/2023 - 04/01/2025

IDX Information Deemed Reliable but not guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright 2025. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/9/2025, 12:50:56 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX The data relating to real estate for sale on this web site comes in part from the Internet Data exchange program of Central Panhandle Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Properties subject to prior sale, change, withdrawal or rental. Copyright© 2025 Central Panhandle Association of REALTORS.© All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/9/2025, 4:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Copyright © 2025 by the Multiple Listing Service of the Pensacola Association of REALTORS® This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the Pensacola Association of REALTORS®. Florida recognizes single and transaction agency relationships. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/9/2025, 12:55:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Listings courtesy of Stellar MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.

IDX Copyright 2025 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/8/2025, 11:49:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.