How hot is the FWB real estate market? Single-family home prices rise over 18% since 2021
The median sales price for a single-family home in Okaloosa County during February was $327,000. That's an increase of 18.9% compared with February 2021, according to a USA TODAY Network localized analysis generated with data from Realtor.com.
On a year-over-year basis, prices have been rising for 28 consecutive months. February prices are up from $320,000 the previous month.
The number of houses sold rose by 8.6% from a year earlier. A total of 329 houses were sold countywide during the month of February. During the same period a year earlier, 303 single-family homes were sold.
Walton County's median sales price for a single-family home was $485,000, up 18.3% from a year earlier. Prices have been rising for five consecutive months on a year-over-year basis. Some 321 houses were sold in February, down 6.4% from a year earlier.
Real estate sales can take weeks or months to be recorded and collected. This is the latest data made available through Realtor.com to the USA TODAY Network.
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Okaloosa County condominiums and townhomes sold in February had a median sales price of $311,700. That figure represents a 23.7% increase year over year. Some 135 were sold, down 8.2% from a year earlier.
How hot is Okaloosa County's real estate market in Florida?
Information on your local housing markets is available through the USA TODAY Network, with more data from Realtor.com.
In Okaloosa County, the top 10% of the properties sold had prices of at least $670,000, up 3.1% from a year before.
In February, 17 properties sold for at least $1 million, consisting of 11 single-family homes and six condominiums or townhomes.
In Walton County the top 10% of the properties sold had prices of at least $1,727,000, up 27.9% from a year before.
The median home sale price — the midway point of all the houses or units sold over a period of time — is used in this report instead of the average home sale price because experts say the median offers a more accurate view of what's happening in a market. In finding the average price, all prices of homes sold are added and then divided by the number of homes sold. This measure can be skewed by one 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. Localized versions are generated for communities where the data quality and transaction volume meets Realtor.com and USA TODAY Network standards. The story was written by Sean Lahman.