Skip to content

32548 housing market

ZIP code · Fort Walton Beach · Okaloosa

The median sale price in ZIP code 32548 was $375K in May 2026, up 13.6% year over year, measured across homes that actually closed that month (Redfin). The three months through May 2026 averaged $370K, holding steady against $369K across the three months before that. That puts prices 13.6% below the strongest three-month stretch on record here, which ended in Jun 2022 at $428K. Zillow's home value index, which models the entire housing stock rather than only the homes that changed hands, reads $342K for Jun 2026, up 0.9% year over year.

Buyers had 269 homes to choose from in May 2026, down 10.3% year over year (Redfin). 211 homes came to market in May 2026, up 13.4% year over year, against 116 closings, down 0.9% year over year. Homes that sold in May 2026 took a median of 79 days to go under contract, 29 days faster than this market's usual May pace.

Sellers were asking a median of $434K in Jul 2026, down 8.6% 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 16.5% above the closing median. Competition is measurable in the closings themselves: 12% settled above asking, and the average sale landed at 96% of its final list price. 26% of listings carried a price cut in Jul 2026.

This page tracks 18 monthly housing series for ZIP code 32548 — 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.

Series explorer

32548 · no series · 0 charts

no series for this selection — add a geography above

Sources for 32548: Redfin · Realtor.com · Zillow ZHVI. Listing metrics and closed-sale metrics are never blended; every figure above names its source and vintage.