Fort Walton Beach, FL Home Values & Market Trends

Real estate market trends reflect that there have been 1,207 transactions over the past year in Fort Walton Beach. The median value for residential home transactions that occurred over the previous year is $349,566.29. The number of current listings in Fort Walton Beach is 196, and the percentage of properties for sale in the city is 196.00%. Fort Walton Beach, FL currently has 111 properties in foreclosure, 3 bank owned properties, 2 properties headed for auction, and 196 properties for sale.

Fort Walton Beach, FL Real Estate Market Overview

ZipMedian Est. ValueZipMedian Est. Value
32548

$ 401,218

$ 370/sqft

32547

$ 350,700

$ 222/sqft

Housing Market Summary for Fort Walton Beach, FL

Apr 2023March 2024Change
Median Listing Price$344K$333.6K-3.03%
Median Sold Price$320.1K$333.6K4.23%
Homes For Sale11917647.90%
Homes Sold717642-10.46%
Price
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Fort Walton Beach, FL

Fort Walton Beach home values range from $26,313 to $17,238,027. The median estimated value of a home in Fort Walton Beach is $349,566.29. The median list price of a home is 355,000, and the total count of properties in the city is 22,898.

Foreclosure
There are 2 zips within Fort Walton Beach, FL; within these zips, the median estimated home value for homes in foreclosure ranges from $1,513,173 in 32547 to the lowest value of $107,352 in 32547. Foreclosure homes account for 0.00% of properties in Fort Walton Beach, FL with 32548 containing 58 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.46% of all residential properties in Fort Walton Beach, FL with 32548 containing 54 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 2 zips within Fort Walton Beach, FL; of those zips, the estimated home value for pre-foreclosure homes ranges from $1,513,173 in 32548 to the lowest home value of $107,352 in 32547.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Fort Walton Beach, FL ranges from the highest value of $378,091 in 32548 to the lowest value of $264,900 in 32548. Bank owned homes and properties account for 0.01% of properties in Fort Walton Beach, FL. There are 2 zips within Fort Walton Beach, FL; 32548 containing 3 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    32547 has 1 auction properties, the highest number of properties going to auction in a single zip in the state of Fort Walton Beach, FL. Auction homes and other auction properties account for 0.01% of all properties in Fort Walton Beach, FL. There are 2 zips within Fort Walton Beach, FL; of those zips, the median estimated home value for homes going to auction ranges from $205,365 in 32548 to the lowest value of $205,365 in 32548.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.86% of residential properties in Fort Walton Beach, FL with 32548 containing 107 homes for sale, the highest number of listed properties in a single zip. There are 2 zips within Fort Walton Beach, FL; homes for sale in those zips, have a range of median values from $5,015,073 in 32548 to the lowest value of $67,908 in 32547.
    Sold Homes
    The median value for recently sold homes ranges from $1,615,397 in 32548 to the lowest price of $54,735 in 32548. There are 2 zips within Fort Walton Beach, FL. 32548 has 348 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 2.85% of properties in Fort Walton Beach, FL.

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      Guide for Fort Walton Beach, FL

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      Montgomery Housing Market Sees 8% Dip in Property Values: A Comparative Analysis with Surrounding Cities”
      Market Reports|posted 10 April 2024

      The blog post discusses the fluctuating real estate market in Montgomery, Alabama, comparing its property values, cost per square foot, and market activity with neighboring cities, revealing the dynamic nature of regional real estate.

      Tallahassee’s Real Estate Market A in Review 2023-2024
      Fix and Flip|posted 10 April 2024

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      Hialeah’s Real Estate Market Shows Growth; Property Values Surge from 2023-2024
      Fix and Flip|posted 13 March 2024

      The Hialeah real estate market has displayed a significant upward trajectory from March 2023 to February 2024. This growth, accompanied by a strong demand and investor interest, highlights Hialeah’s economic stability and the persistent appeal of its real estate market, making it favorable for both homebuyers and investors.

      Jacksonville, FL: Real Estate Market Trends 2023
      Fix and Flip|posted 8 February 2024

      This blog post provides an in-depth analysis of the real estate market trends in Jacksonville, Florida and nearby areas based on key metrics such as average property values, sold prices per square foot, and property counts. The data reveals a dynamic marketplace with fluctuating property values and varying sold prices per square foot.