$3,499,000
4,665 SqFt
6 Beds
•5 Full Baths, 2 Partial
Payne and Payne 30 A, Listing Office: Corcoran Reverie SRB
Is Destin, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Destin was a Neutral Market.
Key Takeaway
Destin is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Destin, FL
How much do homes in Destin, FL cost?
Median Sold Price
$627,355
$380/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$12,194(-1.9%)
Key Takeaway
Homes in Destin have sold for 1.9% less than they did a year ago.
Summary: The median home sold price in Destin was $627,355 in November 2024, down 1.9% from last year, and the median price per square foot was $380.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $337.5K | $343.5K | +1.8% |
| 2 Bedrooms | $492.5K | $416K | -15.5% |
| 3 Bedrooms | $596.6K | $629.6K | +5.5% |
| 4 Bedrooms | $1.0M | $1.1M | +7.3% |
| 5+ Bedrooms | $1.9M | $2.0M | +5.1% |
Summary: Destin housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.8%, 2 bedroom homes decreased by 15.5%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 5.1%.
Median Sold Price Compared To Nearby Cities
| Walton Beaches | $948K | $1.0M | +10.1% |
| Miramar Beach | $731K | $757K | +3.5% |
| Destin | $639.5K | $627.3K | -1.9% |
Housing Supply in Destin, FL
How many homes are available in Destin, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 583 | 610 | +4.6% |
Summary: The Destin real estate market had 610 homes for sale in November 2024, a 4.6% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 54 | 59 | +9.3% |
| 2 Bedrooms | 180 | 181 | +0.6% |
| 3 Bedrooms | 187 | 192 | +2.7% |
| 4 Bedrooms | 95 | 102 | +7.4% |
| 5+ Bedrooms | 67 | 76 | +13.4% |
Summary: The Destin housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.3%, 2 bedroom homes increased by 0.6%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 13.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 39 | 36 | -7.7% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Destin, you may be able to get a good deal. 88.6% of homes here sold below asking price last month.
Summary: A total of 36 homes were sold or pending in Destin in November 2024, down by 7.7% month-over-month. Of the 35 sold homes, 89% were sold under asking, 11% were sold at asking, and 0% were sold over asking.
Days on Market for Destin, FL
How long does it take to sell a home in Destin, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 57 Days | 117 Days | +105.6% |
Summary: Homes in Destin had an average of 117 days on market in Nov 2024, up by 105.6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Destin are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 36 homes were sold in Destin; 19% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 44% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange program of Central Panhandle Association of REALTORS®. IDX information 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. Information deemed reliable but not guaranteed. Properties subject to prior sale, change, withdrawal or rental. Copyright© 2024 Central Panhandle Association of REALTORS.© All Rights Reserved.