$490,000
62.76 Acres
Land
Caleb Midgett, Listing Office: Scenic Sothebys International Realty
Is Defuniak Springs, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Defuniak Springs was a Seller's Market.
Key Takeaway
Defuniak Springs is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Defuniak Springs, FL
How much do homes in Defuniak Springs, FL cost?
Median Sold Price
$260,000
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,000(+4.0%)
Key Takeaway
Homes in Defuniak Springs have sold for 4% more than they did a year ago.
Summary: The median home sold price in Defuniak Springs was $260,000 in October 2024, up 4% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $140K | $350K | +150.0% |
| 2 Bedrooms | $197K | $155K | -21.3% |
| 3 Bedrooms | $249.9K | $250K | 0.0% |
| 4 Bedrooms | $265K | $274.9K | +3.7% |
| 5+ Bedrooms | $319.9K | $417.5K | +30.5% |
Summary: Defuniak Springs housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 150%, 2 bedroom homes decreased by 21.3%, 3 bedroom homes did not change, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 30.5%.
Median Sold Price Compared To Nearby Cities
| Defuniak Springs | $250K | $260K | +4.0% |
| Paxton-Darlington | $246.7K | $255K | +3.4% |
| Redbay | $263.4K | $269.9K | +2.4% |
| De Funiak Springs | $239.9K | $220K | -8.3% |
Housing Supply in Defuniak Springs, FL
How many homes are available in Defuniak Springs, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 107 | 104 | -2.8% |
Summary: The Defuniak Springs real estate market had 104 homes for sale in October 2024, a 2.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 15 | 16 | +6.7% |
| 3 Bedrooms | 57 | 54 | -5.3% |
| 4 Bedrooms | 26 | 25 | -3.8% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Defuniak Springs housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 6.7%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 10 | -44.4% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Defuniak Springs, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Defuniak Springs in October 2024, down by 44.4% month-over-month. Of the 10 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for Defuniak Springs, FL
How long does it take to sell a home in Defuniak Springs, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 65 Days | 64 Days | -1.9% |
Summary: Homes in Defuniak Springs had an average of 64 days on market in Oct 2024, down by 1.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Defuniak Springs has remained consistent over time.
Summary: During October 2024, 10 homes were sold in Defuniak Springs; 30% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.