$3,503 Closing Credit*
$295,000
1,314 SqFt
3 Beds
•2 Full Baths
Jenny R Teel, Patricia Griffin, Listing Office: Teel & Waters Real Estate Company Inc
Is Freeport, 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, Freeport was a Neutral 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
$395,307
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$13,931(-3.4%)
Key Takeaway
Homes in Freeport have sold for 3.4% less than they did a year ago.
Summary: The median home sold price in Freeport was $395,307 in November 2024, down 3.4% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $110K | $379K | +244.5% |
| 2 Bedrooms | $247.4K | $219K | -11.5% |
| 3 Bedrooms | $360.6K | $360.1K | -0.1% |
| 4 Bedrooms | $485K | $486.1K | 0.2% |
| 5+ Bedrooms | $450.9K | $516.7K | +14.6% |
Summary: Freeport housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 244.5%, 2 bedroom homes decreased by 11.5%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes increased by 14.6%.
Median Sold Price Compared To Nearby Cities
| Defuniak Springs | $250K | $264.9K | +6.0% |
| Freeport | $409.2K | $395.3K | -3.4% |
Housing Supply in Freeport, FL
How many homes are available in Freeport, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 235 | 235 | 0.0% |
Summary: The Freeport real estate market had 235 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 114 | 104 | -8.8% |
| 4 Bedrooms | 91 | 98 | +7.7% |
| 5+ Bedrooms | 24 | 27 | +12.5% |
Summary: The Freeport housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 8.8%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 | 24 | -4.0% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Freeport, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in Freeport in November 2024, down by 4.0% month-over-month. Of the 24 sold homes, 63% were sold under asking, 29% were sold at asking, and 8% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 71 Days | 92 Days | +28.7% |
Summary: Homes in Freeport had an average of 92 days on market in Nov 2024, up by 28.7% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Freeport are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 24 homes were sold in Freeport; 33% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 42% of homes were sold over 90 days.
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