32461
Crestview, Florida
Crestview 32461 needs watching.
The 32461 ZIP code in Crestview, Florida has a median sale price of $1.26M, down -22.5% year-over-year. Homes spend an average of 145 days on market, with 7% of homes selling above list price.
Folio's PropIQ™ score of 51 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 32461.
The Crestview 32461 market has shifted decisively in favor of buyers, with the median sale price reaching $1,258,595 while declining 22.5% year-over-year through February 2026. Properties are averaging 144.5 days on market, nearly five months of exposure before closing. Only 7% of homes are commanding above-list offers, indicating minimal competitive pressure and significant pricing resistance at current levels.
Patient buyers with liquidity gain maximum advantage in these conditions, particularly those who can absorb extended closing timelines without financing contingencies. The 22.5% price correction creates negotiating leverage that didn't exist twelve months ago, while the 144.5-day marketing period allows for extensive due diligence and multiple-offer comparisons. Sellers face unfavorable terms unless pricing aggressively below the $1.26 million median, as the 7% above-list metric confirms that premium positioning fails in this cycle.
The PropIQ score of 51 signals continued caution rather than imminent recovery, suggesting this market has not yet established a price floor. The combination of elevated inventory time and sustained year-over-year decline indicates further price discovery ahead. Monitor month-over-month DOM trends and the percentage of above-list sales; meaningful improvement in either metric would precede any sustainable price stabilization in this luxury-tier segment.
What is the median home price in 32461 Crestview?
The median sale price in 32461 is $1.26M, down -22.5% year-over-year as of 2026-02-28.
How long do homes stay on the market in Crestview 32461?
Homes in 32461 Crestview spend an average of 145 days on market before going under contract.
Is Crestview 32461 a good place to invest in real estate?
Folio's PropIQ™ score for 32461 is 51/100 — a Caution signal. 7% of homes sold above asking.
What does a PropIQ™ score of 51 mean for 32461?
PropIQ™ is Folio's proprietary market score combining price momentum, days-on-market velocity, inventory absorption, and investment signals into a 0–100 number. Score of 51 = Caution in 32461 Crestview, Florida.