32531 (Baker)
Homes for Sale & Housing Market
Median sale price $312,950, up 21.7% year over year, with homes going under contract in about 55 days, 26 homes on the market.
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Housing Market Analyst
Inventory sits at 4.2 months of supply — balanced by the 3-to-6-month balanced benchmark, and 29% of listed homes are already under contract. Prices are up 21.7% versus the prior year and sellers are still collecting 96.5% of asking. Taken together, the data points to a broadly balanced market where preparation decides who wins.
Who has leverage right now
Leverage scores are derived from the Momentum Score (supply, demand, speed, pricing power, and trend). Right now the data favors sellers.
- Prices — balanced supply argues for a sideways market; condition and pricing decide individual outcomes.
- Inventory — tightening over the tracked window; watch whether that holds through the season.
- Negotiating power — sellers hold the leverage while 29% of inventory sits under contract.
- Mortgage sensitivity — at 4.5× income, this market is moderately sensitive to rate moves; rate relief tends to show up in demand here quickly.
Derived from current 32531 data, not a prediction or guarantee. Markets move; talk to an agent before acting on any single reading.
One inventory number hides four different markets
Months of supply = active listings ÷ monthly sales pace, bucketing communities by their recent median. 3–6 months is the balanced band.
Where 32531 is hot — and where it isn't
Each dot is a community (11 shown, sized by sales volume rank). Click any dot to open its full neighborhood guide.
The read on 32531 (Baker)
The median sale price across 32531 currently stands at $312,950, up 21.7% from a year ago. Buyers are paying a median of $187 per square foot. The typical home goes under contract in about 55 days. Sellers are capturing 96.5% of their original asking price on average.
There are 26 active listings on the market, with 9 more already under contract. At the current sales pace that works out to 4.2 months of supply — roughly balanced conditions by the standard six-month benchmark. 94 homes closed here over the trailing 12 months.
Zillow's home value index for Okaloosa County stands at $356,683. About 25% of listings county-wide have taken a price cut — a useful gauge of seller flexibility.
Weighing supply, demand, speed, pricing power, and trend together, the Momentum Score for 32531 is 64 of 100 — balanced market territory. This page recalculates every day as new MLS data lands, so the numbers above reflect the market as of September 15, 2026.
32531 since 2012 — and where it’s heading
A median home here sold for $239,584 in 2012 and $372,978 over the last recorded year — 56% appreciation across 14 years of recorded sales.
Median sale price · 2012–2026 (1,818 recorded sales)
Days on market by year
Home value trend · Okaloosa County (Zillow ZHVI)
For-sale inventory · county (Zillow)
Daily active vs pending · Okaloosa County (MLS)
Median price · daily recalculation
What’s driving 32531
Top inbound states: TX, CA, AL, NC. Movers arriving report ~$72,311 average income. Source: IRS SOI county-to-county migration, 2022-2023
1,101 Citizens policies in force in Okaloosa County — the state-backed insurer of last resort. Budget insurance into any Okaloosa purchase before you fall in love with a house. Source: Citizens Property Insurance, Detail by County, April 2026
987 single-family · 70 multi-family · 4.9 per 1,000 residents. Future supply pressure starts here. Source: U.S. Census Bureau, Building Permits Survey, 2025
The calls we’re making from today’s data
The sharpest 1-yr median swing among tracked communities. Thin samples can exaggerate swings — verify with a comp analysis before treating it as trend.
The most crowded shelf in the market. Sellers here are competing hardest — which means overpaying in this band is the most avoidable mistake in 32531 right now.
The tightest band — sellers in this range hold the most leverage, and buyers should walk in with financing done and terms clean.
Sellers: price to the last 60 days of comps, not the peak — well-prepared listings are still commanding strong terms. Buyers: get underwritten now so you can move when the right house hits.
Generated from today’s data by Momentum’s analysis engine and reviewed on a rolling basis by our broker team.
Nearby ZIP codes in Okaloosa
| Market | Median | Active | Score | |
|---|---|---|---|---|
| 32531 ← this page | $313K | 26 | 64 | |
| 32541 | $745K | 492 | 30 | Open → |
| 32539 | $322K | 141 | 63 | Open → |
| 32536 | $322K | 123 | 63 | Open → |
| 32548 | $325K | 113 | 64 | Open → |
| 32547 | $338K | 104 | 71 | Open → |
Neighborhoods on the move
| NORTH SUPERGROUPHolt | $364K | ▲ 12% |
| REDSTONE COMMONSCrestview | $310K | ▲ -4% |
| Charlie Day EstatesBaker | $309K | ▲ -5% |
| Ashley PlantationPace | $575K | ▲ -10% |
| Ashley PlantationPace | $575K | ▼ 10% |
| Charlie Day EstatesBaker | $309K | ▼ 5% |
| REDSTONE COMMONSCrestview | $310K | ▼ 4% |
| NORTH SUPERGROUPHolt | $364K | ▼ 12% |
| REDSTONE COMMONSCrestview | $310K | 7 |
| Gator's LandingBaker | $295K | 6 |
| NONESUCH WAYShalimar | $395K | 5 |
| Ashley PlantationPace | $575K | 4 |
| NORTH SUPERGROUPHolt | $364K | 1 |
| REDSTONE COMMONSCrestview | $310K | 26 days |
| Ashley PlantationPace | $575K | 34 days |
| NONESUCH WAYShalimar | $395K | 54 days |
| SOUTHERN DAY CHATEAUBaker | $313K | 61 days |
| NORTH SUPERGROUPHolt | $364K | 64 days |
Cities in this ZIP
Most active communities
Put this data to work
The questions people actually ask
Should I buy a house in 32531 right now?
The data says conditions currently favor neither side decisively in 32531 — the Momentum Score reads 64/100 with 4.2 months of supply. For buyers that means preparation over hesitation: well-priced homes still move fast, but there is more room to negotiate than a year ago. The right timing always depends on your rate, your equity, and how long you plan to stay — not just the market.
Is 32531 becoming more affordable?
No — the median sale price in 32531 is $312,950, up 21.7% versus the prior year, while sellers still capture 96.5% of asking price. Rising prices mean waiting has a cost; affordability hinges mostly on your rate.
Where are prices falling fastest in 32531?
Among tracked communities with enough sales to measure, the sharpest 1-year median declines are Ashley Plantation (-10%); Charlie Day Estates (-5%); REDSTONE COMMONS (-4%). Note that community-level medians move on small sale counts — a few high- or low-end closings can swing them — so treat these as leads for a comp analysis, not verdicts.
Which 32531 neighborhoods are most competitive?
Measured by speed of sale, the fastest-moving tracked communities right now are REDSTONE COMMONS (26 days); Ashley Plantation (34 days); NONESUCH WAY (54 days) — homes there go under contract well ahead of the market-wide pace of 55 days.
32531 (Baker) housing market FAQ
How is the housing market in 32531 right now?
As of September 15, 2026, the 32531 housing market favors sellers: the median sale price is $312,950 (up 21.7% year over year), 26 homes are for sale against 94 sales in the last 12 months, which is 4.2 months of supply, and the typical home goes under contract in about 55 days.
How much is a house in 32531?
The median home sold for $312,950 in 32531 over the last 12 months, about $187 per square foot; asking prices on the 26 current listings run from well below to well above that, and the community pages linked below show what each neighborhood actually sells for.
Is it a good time to sell a house in 32531?
By the numbers, sellers in 32531 are getting 96.5% of asking price and going under contract in about 55 days with 4.2 months of supply. Under four months of supply generally favors sellers; over six favors buyers. Whether it is a good time for you depends on what you paid and where you are going next, which is a conversation with an agent, not a chart.
What is the 32531 housing market forecast?
Momentum Realty publishes the recorded trend, not a prediction: 32531 median sale prices are up 21.7% year over year, inventory stands at 4.2 months of supply, and 29% of listings are under contract. The charts on this page update with every MLS refresh, so the direction shows up here before any forecast catches it.
What is the median home price in 32531?
The median sale price in 32531 is currently $312,950, up 21.7% from a year ago, based on MLS sales data updated September 15, 2026.
Is 32531 a buyer's or seller's market right now?
The data currently favors sellers. 32531 scores 64 of 100 on the Momentum Score, with 4.2 months of housing supply. Conditions change; this page updates daily.
How long do homes take to sell in 32531?
The typical home in 32531 goes under contract in about 55 days, per current MLS data.
How many homes are for sale in 32531?
There are approximately 26 active listings in 32531 as of September 15, 2026.
Are home prices in 32531 rising or falling?
Median sale prices are up 21.7% year over year based on a rolling comparison of MLS sales.
Momentum agents use this intelligence every day to price listings and write winning offers across 32531 (Baker). Talk through what the numbers mean for your move.
Every number on this page is computed directly from licensed Florida MLS feeds, recorded public sales, Zillow Research, and U.S. Census data — nothing is manually adjusted or estimated by hand. Medians use recorded closed sales; supply figures use live listing counts refreshed twice daily; the Momentum Score methodology is summarized .
Analyst oversight: Jon Brooks — Co-Founder, Momentum Realty · CEO, Momentum Research · Housing Market Analyst · methodology reviewed quarterly · Last data refresh: September 15, 2026 at 7:33 PM ET
Statistics on this page are computed automatically from licensed MLS feeds and public data sources (Zillow Research, U.S. Census Bureau) and summarized without manual review. Figures are estimates based on recent recorded activity, are deemed reliable but not guaranteed, and should be verified with a licensed agent before making decisions. This page does not constitute an appraisal or an automated valuation of any specific property. Momentum Realty is licensed in Florida and Georgia. Equal Housing Opportunity.