32578 Housing Market Report February 2025•Okaloosa County, Florida

hero building illustration for mobile

Housing Prices in 32578, FL

How much do homes in 32578, FL cost?

Housing Market Conditions

Is 32578, 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

32578 is a Neutral Market

Difference Since February 2024

At the same time last year, 32578 was a Seller's Market.

Insight

32578 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

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.
$472,337$248/SqFt
+$3,297
+0.7%

Based on all homes sold in the last 12 months

Insight

Homes in 32578 have sold for 0.7% more than they did a year ago.

Summary: The median home sold price in 32578 was $472,337 in February 2025, up 0.7% from last year, and the median price per square foot was $248.

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
32578
+0.7%
32439
-2.5%
32539
-2.7%

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.
BedsFeb 2024Feb 2025Change YoY
1$192.8K$178.7K
-7.3%
2$267.2K$248.7K
-6.9%
3$399.2K$410K
+2.7%
4$617K$624.9K
+1.3%
5$815K$775K
-4.9%

Summary: 32578 housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -7.3%. The home price for 2 bedroom homes decreased by -6.9%. The home price for 3 bedroom homes increased by +2.7%. The home price for 4 bedroom homes increased by +1.3%. The home price for 5 bedroom homes decreased by -4.9%.

Housing supply in 32578, FL

How many homes are available in 32578, 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
248Last MonthFeb 2025
2292 months agoJan 2025
+8.3 %
Change MoMJan – Feb

Summary: The 32578 real estate market had 248 homes for sale in Feb 2025, a 8.3 % increase compared to Jan 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
38Last MonthFeb 2025
302 months agoJan 2025
+26.7 %
Change MoMJan – Feb

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.
BedsJan 2025Feb 2025Change MoM
122
0.0%
3106103
-2.8%
22530
+20.0%
48091
+13.8%
51622
+37.5%

Summary: 32578 housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 3 bedroom homes decreased by -2.8%. The inventory for 2 bedroom homes increased by +20.0%. The inventory for 4 bedroom homes increased by +13.8%. The inventory for 5 bedroom homes increased by +37.5%.

Asking Price vs. Sold Price

How much do homes in 32578, 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 Price4 Homes

At Asking Price11 Homes

Under Asking Price23 Homes

Insight

If you're buying a home in 32578, you may be able to get a good deal. 60.5% of homes here sold below asking price last month.

Summary: A total of 38 homes were sold or pending in 32578 in February 2025, up by 26.7% month-over-month. Of the 38 sold homes, 61% were sold under asking, 29% were sold at asking, and and 11% were sold over asking.

Days on Market for 32578, FL

How long does it take to sell a home in 32578, FL?

Breakdown of Home Sale Times

Under 30 Days19 Homes

30 – 90 Days10 Homes

Over 90 Days9 Homes

Insight

Many homes in 32578 are selling fast, if you're buying plan to act quickly.

Summary: During February 2025, 38 homes were sold in 32578; 50% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 24% 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
54 DaysThis YearFeb 2025
52 Days1 year agoFeb 2024
+3.6 %
Change YoYFeb 2024 – Feb 2025

Summary: Homes in 32578 had an average listing age of 54 days in Feb 2025, up by 3.6% compared to the previous year.

Connect With An Agent

Local real estate agents are ready to help you find a home here

Sell My Home

Sell your home with an expert or get the job done on your own.

Get Approved

Get a customizable mortgage solution based on today's rates.

Newest Listings in 32578, FL

What homes are available in 32578, FL?

See More Listings

Nearby markets

Popular Cities with Homes for Sale in Florida

MLS Disclaimers and Copyright

Based on information from Emerald Coast MLS, Pensacola MLS, and Central Panhandle Association of REALTORS® MLS for the period 03/01/2023 - 03/01/2025

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: 3/5/2025, 12:20:59 PM 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: 3/5/2025, 12:20:56 PM 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: 3/5/2025, 12:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.