$6,828 Closing Credit*
$575,000
2,210 SqFt
4 Beds
•3 Full Baths
Mandy Gentile, Listing Office: Bastion Realty LLC
Is Destin, 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, Destin was a Seller's 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
$633,205
$384/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$96(0.0%)
Key Takeaway
The sold price of homes in Destin has remained the same since last year.
Summary: The median home sold price in Destin was $633,205 in October 2024, the same as last year, and the median price per square foot was $384.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $332.5K | $345K | +3.8% |
| 2 Bedrooms | $511K | $410K | -19.8% |
| 3 Bedrooms | $570K | $640K | +12.3% |
| 4 Bedrooms | $999.9K | $1.1M | +11.0% |
| 5+ Bedrooms | $1.9M | $1.9M | -2.3% |
Summary: Destin housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.8%, 2 bedroom homes decreased by 19.8%, 3 bedroom homes increased by 12.3%, 4 bedroom homes increased by 11%, and 5+ bedroom homes decreased by 2.3%.
Median Sold Price Compared To Nearby Cities
| Walton Beaches | $949.7K | $1.0M | +8.0% |
| Miramar Beach | $734.5K | $751K | +2.2% |
| Destin | $633.1K | $633.2K | 0.0% |
Housing Supply in Destin, FL
How many homes are available in Destin, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 599 | 628 | +4.8% |
Summary: The Destin real estate market had 628 homes for sale in October 2024, a 4.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 52 | 60 | +15.4% |
| 2 Bedrooms | 195 | 193 | -1.0% |
| 3 Bedrooms | 184 | 198 | +7.6% |
| 4 Bedrooms | 96 | 103 | +7.3% |
| 5+ Bedrooms | 72 | 74 | +2.8% |
Summary: The Destin housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 15.4%, 2 bedroom homes decreased by 1%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 2.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 42 | 35 | -16.7% |
Asking Price vs. Sold Price
32 Homes Were Sold
Under Asking
3 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. 91.4% of homes here sold below asking price last month.
Summary: A total of 35 homes were sold or pending in Destin in October 2024, down by 16.7% month-over-month. Of the 35 sold homes, 91% were sold under asking, 9% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 72 Days | 63 Days | -12.2% |
Summary: Homes in Destin had an average of 63 days on market in Oct 2024, down by 12.2% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Destin are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 35 homes were sold in Destin; 43% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 34% 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.