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32540 housing market

ZIP code · Destin · Okaloosa

The median sale price in ZIP code 32540 was $284K in May 2026, down 5.3% year over year, measured across homes that actually closed that month (Redfin). The twelve months through May 2026 averaged $294K, easing from $346K across the twelve months before that. That puts prices 31.2% below the strongest twelve-month stretch on record here, which ended in Dec 2023 at $428K.

Buyers had 6 homes to choose from in May 2026 (Redfin). 5 homes came to market in May 2026, against 4 closings. Homes that sold in May 2026 took a median of 150.5 days to go under contract, 398 days faster than this market's usual May pace.

ZIP code 32540 is a small market: 35 homes sold in the twelve months through May 2026. A single closing moves the monthly median here, so the averages above run over twelve months rather than three, and months-of-supply and bidding-competition readings are left to the charts below rather than summarized as a market verdict.

This page tracks 7 monthly housing series for ZIP code 32540 — median sale price, inventory (active), median days on market, homes sold, new listings, avg sale-to-list, and more — sourced from Redfin, running from Aug 2016 through May 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 32540: Redfin. Listing metrics and closed-sale metrics are never blended; every figure above names its source and vintage.