Baldwin, FL 32234 Real Estate Market Report

ZIP Code: 32234
Report Date: March 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of March 2026, the real estate market in Baldwin, FL (32234) is characterized by a median sold price of $315,000, reflecting a stabilization in market values. The neighborhood has decreased 8% since 2022, indicating a softening trend in sales prices. This decline suggests that buyers are facing less upward pressure on prices, potentially due to elevated inventory levels and slower sales velocity.

Transaction activity appears moderate, with homes taking an extended 392 days on market on average. This prolonged duration may indicate a cooling market where sellers are adjusting expectations to align with buyer sentiment. The median listing price stands at $306,095, which, while slightly below the sold price, highlights a gap that may contribute to pricing friction as sellers navigate current market conditions. Overall, the market is moving toward a more balanced state, with increased days on market and homes often selling below their list price.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the Florida market near Baldwin FL average around 6.04% to 6.23%, which is notably lower than the 6.65% average seen one year ago.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The median sold price of $315,000 indicates a softening market trend with prices down 8% since 2022.

2. Transaction velocity is slower, with a median days on market of 392, suggesting elevated inventory levels relative to sales activity.

3. The median listing price of $306,095 reflects a gap with the sold price, indicating potential pricing friction as sellers adjust expectations.

4. Despite the price softening, the median market rent remains strong at $1,676, suggesting continued demand for rental properties in the area.

5. Current mortgage rates are lower than last year, averaging between 6.04% and 6.23%, which may ease interest rate pressure on buyers.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.