Momentum Housing Data · Home Values · Okaloosa County
Buying here? See Palm Estates homes for sale and the Palm Estates community guide (Niceville).
PALM ESTATES (Niceville, FL): 9 recorded closings in the 12 months ending 2026-09-20, a 14-year price record, and the year-by-year record — every number from recorded MLS closings, none from an estimate model.
In the current window, median closings ran near original asking (99.0%); the median sale took 16 days (window ending 2026-09-20).
| Year | Median sold | Median $/sqft | Median DOM | Sold ÷ original ask | Sales |
|---|---|---|---|---|---|
| 2026 | $365,000 | — | 16 | 99.0% | 9 |
| 2025 | $362,000 | — | 23 | 96.9% | 11 |
| 2024 | $364,950 | — | 17 | 100.0% | 10 |
| 2023 | $370,000 | — | 4 | 100.9% | 9 |
| 2022 | $372,000 | — | 8 | 100.3% | 8 |
| 2021 | $306,000 | — | 5 | 100.0% | 15 |
| 2020 | $253,500 | — | 8 | 100.0% | 10 |
| 2019 | $224,900 | — | 57 | 100.0% | 3 |
| 2018 | $217,400 | — | 18 | 99.1% | 8 |
| 2017 | $199,900 | — | 29 | 98.9% | 9 |
| 2016 | $204,750 | — | 49 | 95.9% | 6 |
| 2015 | $166,000 | — | 42 | 97.4% | 9 |
| 2013 | $144,250 | — | 72 | 93.7% | 4 |
| 2012 | $137,100 | — | 60 | 95.6% | 7 |
Over the recorded series, PALM ESTATES’s median sold price moved from $137,100 (2012) to $365,000 (12 months ending 2026-09-20) — +166% over that span, with every year’s figure from recorded closings, not a model.
The recorded series starts in 2012 at $137,100. The 2020–22 run-up did what it did everywhere — PALM ESTATES’s median moved +65% from 2019 to 2022. Against the 2022 peak of $372,000, the current median stands at -2%. Annual sales volume here has ranged from 2 to 15 closings a year (10-yr average 9.2). With roughly 9.2 closings a year, PALM ESTATES’s medians move in steps, not curves — a handful of unusual sales can swing a year, which is why the sales count sits next to every figure above.
At PALM ESTATES’s $365,000 median and Okaloosa County’s adopted 12.89 mills (FY2025-26), a home assessed at that price carries roughly $4,710 a year in property tax before exemptions, or about $4,200 with the full Florida homestead exemption — a buyer’s first-year figure; a long-time owner’s Save Our Homes cap can be far lower, which is one reason resale taxes jump at closing. Municipal and special-district millage varies inside the county; see the Okaloosa County tax page.
Current asking prices run a median $350,000 against the $365,000 recorded sold median (-4%) — the gap between what sellers hope and what the record shows. The market is carrying about 1.3 months of supply at the current sales pace. Demand check: 50% of PALM ESTATES’s listings are under contract, against 31% for ZIP 32578 and 23% for Okaloosa County as a whole — the community is absorbing faster than its surroundings. Momentum’s market-heat index for PALM ESTATES reads 49/100 (computed from DOM, sale-to-list, and absorption; 2020–21 peaked in the 70s here).
Asking prices here currently sit -4% under the recorded sold median — sellers are pricing to move, and the closed record above is the number a buyer's appraiser will see.
We don’t publish algorithm guesses for specific homes — they can’t see condition, upgrades, or your lot. A local agent will prepare a records-based valuation from the same closed-sale data on this page, adjusted for your home. Free, no obligation.
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Communities buyers shopping PALM ESTATES are also weighing (nearest by map distance), each on its own recorded 12-month closings. A median well above the neighbors is a ceiling to price against; well below is where the value argument lives.
| Community | Median sold | Median $/sqft | Median DOM | Sales |
|---|---|---|---|---|
| MAGNOLIA WOODS | $687,500 | — | 4 | 6 |
| PINEWOOD ESTATES | $407,450 | — | 121 | 6 |
| VALPARAISO PINECREST 5 | $373,650 | — | 31 | 6 |
| PINECREST HILLS | $245,000 | — | 76 | 3 |
More PALM ESTATES: full community guide & homes for sale · choosing an agent here · should you sell now (statewide data) · what selling costs · cash offer vs. listing
Listing data provided by the Emerald Coast Association of REALTORS®. Information is deemed reliable but is not guaranteed by the MLS to be accurate. Compiled from recorded MLS closings; deemed reliable but not guaranteed. Figures are medians for the stated windows and change as new sales record; individual homes vary widely. No automated valuation for any specific property appears on this page. Equal Housing Opportunity. © 2026 Move With Momentum LLC — brokerage licensed in FL and GA. Disclosures
Content on this page is compiled from public records, MLS data, and automated data sources, and may contain errors or be out of date. It is provided for general information only and is not a representation about any specific property, community, builder, or association. Verify all information independently before relying on it.