According to an analysis of Realtor.com data, the average home price in Okaloosa County was $432,725 in July, up 0.7% from the previous month ($429,900).
Compared to July 2023, the median home list price decreased 9.9% from $480,000.
The statistics in this article refer only to homes for sale in Okaloosa County, not homes that have sold. For information on your local real estate market and other useful community data, visit data.nwfdailynews.com.
The median home in Okaloosa County was 1,672 square feet and cost $270 per square foot. The price per square foot of homes for sale has decreased 7.8% since July 2023.
Listings in Okaloosa County moved slowly, with a median of 72 days listed, compared to the national median of 50 days in July. The previous month, homes were on the market for a median of 61 days. There were about 534 new homes on the market in July, up 6.8% from 500 new listings in July 2023.
Median home prices published by Realtor.com may exclude many or even most homes in a market. Price and volume refer only to single-family homes, condos or townhomes. They include existing homes but exclude most new construction and pending and contingent sales.
Across the Crestview-Fort Walton Beach-Destin metro area, median home prices fell to $645,625, slightly lower than the previous month. The median home was 1,834 square feet, with a list price of $473 per square foot.
In Florida, median home prices were $449,900, down slightly from June. The median home for sale in Florida was 1,638 square feet, priced at $272 per square foot.
Across the United States, the median home price was $439,950, down slightly from the previous month. The average size of a home for sale in the U.S. was 1,869 square feet, and the price was $231 per square foot.
The median home listing price used in this report represents the average of all homes or apartments offered for sale during the specified time period. Experts say the median provides a more accurate picture of market trends than the average listing price, which would divide the sum of all listing prices by the number of homes sold. The average can be skewed by a particularly low or high price.
The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from Realtor.com. Please leave feedback or corrections to this story here. This story was written by Ozge Terzioglu.
