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32531 housing market

ZIP code · Baker · Okaloosa

The median sale price in ZIP code 32531 was $320K in May 2026, down 8.6% year over year, measured across homes that actually closed that month (Redfin). The three months through May 2026 averaged $317K, easing from $325K across the three months before that. That puts prices 24.7% below the strongest three-month stretch on record here, which ended in Dec 2024 at $421K. Zillow's home value index, which models the entire housing stock rather than only the homes that changed hands, reads $328K for Jun 2026, up 3.8% year over year.

Buyers had 34 homes to choose from in May 2026, down 19.1% year over year (Redfin). 37 homes came to market in May 2026, down 5.1% year over year, against 28 closings, up 3.7% year over year. Homes that sold in May 2026 took a median of 87 days to go under contract, 67 days faster than this market's usual May pace.

Sellers were asking a median of $425K in Jul 2026, down 2.8% year over year (Realtor.com). Asking prices and closing prices never describe the same homes, so the gap between them reads as seller expectation rather than a discount available to buyers: in May 2026 the list median ran 31.4% above the closing median. Competition is measurable in the closings themselves: 4.0% settled above asking, and the average sale landed at 98% of its final list price. 20% of listings carried a price cut in Jul 2026.

This page tracks 18 monthly housing series for ZIP code 32531 — median sale price, median list price, ZHVI home value, inventory (active), active listings, median days on market, and more — sourced from Realtor.com, Redfin, Zillow ZHVI, running from Aug 2016 through Jul 2026. Chart any of them below, switch between levels and year-over-year change, or add nearby Florida markets to compare side by side.

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Sources for 32531: Redfin · Realtor.com · Zillow ZHVI. Listing metrics and closed-sale metrics are never blended; every figure above names its source and vintage.