$4,156 Closing Credit*
$350,000
1,400 SqFt
3 Beds
•2 Full Baths
Listing Office: Keller Williams Success Realty
Is Freeport, 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, Freeport was a Seller's Market.
Key Takeaway
Freeport is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Freeport, FL
How much do homes in Freeport, FL cost?
Median Sold Price
$389,998
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$25,001(-6.0%)
Key Takeaway
Homes in Freeport have sold for 6% less than they did a year ago.
Summary: The median home sold price in Freeport was $389,998 in October 2024, down 6% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $312.7K | $294.5K | -5.8% |
| 2 Bedrooms | $249.9K | $219K | -12.4% |
| 3 Bedrooms | $361.5K | $363.6K | +0.6% |
| 4 Bedrooms | $486.9K | $480.3K | -1.3% |
| 5+ Bedrooms | $451.7K | $518.7K | +14.8% |
Summary: Freeport housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.8%, 2 bedroom homes decreased by 12.4%, 3 bedroom homes increased by 0.6%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes increased by 14.8%.
Median Sold Price Compared To Nearby Cities
| Defuniak Springs | $250K | $260K | +4.0% |
| Freeport | $415K | $389.9K | -6.0% |
Housing Supply in Freeport, FL
How many homes are available in Freeport, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 228 | 230 | +0.9% |
Summary: The Freeport real estate market had 230 homes for sale in October 2024, a 0.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 7 | 5 | -28.6% |
| 3 Bedrooms | 110 | 108 | -1.8% |
| 4 Bedrooms | 88 | 89 | +1.1% |
| 5+ Bedrooms | 21 | 26 | +23.8% |
Summary: The Freeport housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 28.6%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 23.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 22 | +4.8% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Freeport, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 22 homes were sold or pending in Freeport in October 2024, up by 4.8% month-over-month. Of the 22 sold homes, 45% were sold under asking, 50% were sold at asking, and 5% were sold over asking.
Days on Market for Freeport, FL
How long does it take to sell a home in Freeport, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 98 Days | 72 Days | -26.4% |
Summary: Homes in Freeport had an average of 72 days on market in Oct 2024, down by 26.4% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Freeport are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 22 homes were sold in Freeport; 50% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 18% 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.