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Average Price Range for Homes in Pace

The median (average minus the highest and lowest sales) sales price for single-family homes in the Pace area is $201,250 at the end of December 2018. In December of 2017, the median sales price was $212,400 which reflects a 5.2% decrease year over year.
Month of the YearSale Price, Median
January 2018$210,000
February 2018$203,550
March 2018$215,750
April 2018$215,000
May 2018$213,500
June 2018$216,888
July 2018$227,500
August 2018$201,750
September 2018$217,750
October 2018211,000
November 2018$201,250
December 2018$218,000
Month of the YearSale Price, Average
January 2018$216,360
February 2018$210,911
March 2018$235,605
April 2018$224,969
May 2018$223,141
June 2018$233,574
July 2018$240,066
August 2018$235,701
September 2018$243,209
October 2018$223,017
November 2018$237,836
December 2018$221,507

Pace Housing Market Predictions 2018

Here’s a look at the Pace Real Estate Market Report for December 2018. According to information from the Pensacola Association of REALTORS®, the current real estate inventory numbers have increased and the price per square foot has decreased. Let’s take a closer look at the Pace market trends.

 From November of 2017 to November of 2018 the median price of homes sold in Pace decreased 5.2 percent. 

November ended with a total of 68 homes sold. We’re seeing an increase of 3 percent when we compare this month’s sales to the 66 recorded in October. Sales are down 24.4 percent from this same time last year, and sales are still 3.5 percent behind when we look at year over year stats. There have been 952 total sales this year compared to the 987 total sold by this time last year. READ MORE HERE!

Others Have Asked
If you are thinking of selling and wonder how much your house might sell for in today’s Pace Real Estate Market, use this instant home value estimate or call 850-377-4410. We serve Pace, Milton, and Pensacola and have partnered across the nation as well.

You might be interested in this article: 6 Steps to Selling a House.

Year-to-Year Comparison of Months Supply of Inventory

Number of months needed to sell all of the inventory at the monthly sales Pace

The Total Inventory of Properties available for sale as of December was 168, down -4.5% from 176 last month and down -42.1% from 290 in December of last year. December 2018 Inventory was at the lowest level compared to December of 2017 and 2016.

A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The December 2018 MSI of 2.5 months was at its lowest level compared with December of 2017 and 2016.

Pace Housing Market Reports from 2018

August 2018September 2018October 2018
November 2018December 2018

Pace Homes for Sale

Wondering what your home might be worth? Find out instantly with our 15-second home value calculator.

You might be interested in this article: Things to Consider When Pricing Your Home to Sell.

See Additional Report on the Pace Real Estate Market

Here are the most recent home listings just added to the database in the average sale price range for Pace. All homes here are priced at $240,066 or less.

Summary
Pace Real Estate Market Report - This Month 2018
Article Name
Pace Real Estate Market Report - This Month 2018
Description
The average price of homes for sale in Pace this month is $240,066. There were 87 homes sold this month. See what these stats mean to you as a home buyer or seller.
Author
Publisher Name
NW Florida Home Source
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