Homes Sales Report for Fort Walton Beach
🏘️ Neighborhood Highlights
Northwest Fort Walton Beach
Median Sale Price: $270,000 (–7.4% YoY)
Average Days on Market: 111 days (up from 60 days YoY)
Homes Sold: 13 (up from 12 YoY)redfin.com
📊 Market Trends
Buyer’s Market: Fort Walton Beach has shifted from a seller's market to a buyer's market, with increased inventory and longer days on market.
Price Trends: While the median sale price has increased slightly, the average home value has decreased by 3.8% over the past year.
Sales Dynamics:
51% of homes sold within 30 days
25% sold within 30–90 days
25% sold after 90 days
Sale-to-List Price Ratio: Approximately 60.7% of homes sold below asking price, 25% at asking, and 15% above asking.zillow.com+1zillow.com+1rocket.com+1rocket.com+1en.wikipedia.org+3rocket.com+3rocket.com+3
📌 Summary for Sellers
Pricing Strategy: With a significant portion of homes selling below asking price, it's crucial to price competitively to attract buyers.
Market Preparation: Given the longer average days on market, investing in home staging and minor improvements can enhance appeal.
Highlight Features: Emphasizing unique features and benefits of your property can help it stand out in a more competitive market.
Note: The above information is based on available data as of May 2025. For the most accurate and up-to-date information, consulting with a local real estate professional is recommended.
