Baldwin, FL 32234 Real Estate Market Report

ZIP Code: 32234
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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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

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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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 Baldwin, FL are averaging 6.45%, which is 0.6% higher than the 5.85% average observed for typical loans in this area earlier in 2026.

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. 316,000 is the primary indicator of recent transaction value in the market as represented by the median sold price, signaling that realized home values are centered around this level and should be the focus for valuation and comparables (representative recent sale).

2. There is a notable spread between the median listing price of 267,500 and the median sold price of 316,000, which may indicate pricing friction between seller expectations and recent transactions and suggests careful pricing strategy is required to align offers with actual sale outcomes.

3. The market exhibits slow sales velocity as shown by a median days on market of 411, which appears to reflect extended time to contract and implies reduced liquidity and longer marketing periods — factor this into holding-cost calculations and time-to-close assumptions.

4. Macro and demand signals show a neutral local temperature with downward price momentum: price year-over-year trend is down while market temperature is neutral; combined with interest rate pressure labeled elevated (current typical 30-year fixed rate averaging 6.45%), this suggests near-term headwinds for price growth and that buyers may gain negotiating leverage despite the neutral market classification.

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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.