$5,047 Closing Credit*
$425,000
2,337 SqFt
4 Beds
•2 Full Baths
Pete Clark, Listing Office: Levin Rinke Realty
Is Grande Lagoon, 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, Grande Lagoon was a Seller's Market.
Key Takeaway
Grande Lagoon is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Grande Lagoon, FL
How much do homes in Grande Lagoon, FL cost?
Median Sold Price
$421,250
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$11,250(+2.7%)
Key Takeaway
Homes in Grande Lagoon have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in Grande Lagoon was $421,250 in October 2024, up 2.7% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $295K | - | N/A |
| 2 Bedrooms | $387K | $442.5K | +14.3% |
| 3 Bedrooms | $400K | $380K | -5.0% |
| 4 Bedrooms | $432.5K | $495K | +14.5% |
| 5+ Bedrooms | $1.0M | $583.9K | -42.8% |
Summary: Grande Lagoon housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.3%, 3 bedroom homes decreased by 5%, 4 bedroom homes increased by 14.5%, and 5+ bedroom homes decreased by 42.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Grande Lagoon | $410K | $421.2K | +2.7% |
| Perdido Bay | $338.6K | $335K | -1.1% |
Housing Supply in Grande Lagoon, FL
How many homes are available in Grande Lagoon, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 72 | 81 | +12.5% |
Summary: The Grande Lagoon real estate market had 81 homes for sale in October 2024, a 12.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 37 | 42 | +13.5% |
| 4 Bedrooms | 25 | 29 | +16.0% |
| 5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The Grande Lagoon 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 increased by 50%, 3 bedroom homes increased by 13.5%, 4 bedroom homes increased by 16%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 12 | +71.4% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Grande Lagoon, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 12 homes were sold or pending in Grande Lagoon in October 2024, up by 71.4% month-over-month. Of the 12 sold homes, 25% were sold under asking, 67% were sold at asking, and 8% were sold over asking.
Days on Market for Grande Lagoon, FL
How long does it take to sell a home in Grande Lagoon, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 51 Days | 66 Days | +30.1% |
Summary: Homes in Grande Lagoon had an average of 66 days on market in Oct 2024, up by 30.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Grande Lagoon has remained consistent over time.
Summary: During October 2024, 12 homes were sold in Grande Lagoon; 33% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Listing information Copyright © 2024 Baldwin County Association of REALTORS®, Inc. All rights reserved. MLS 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. Data is deemed reliable but is not guaranteed accurate by the MLS.
Information Deemed Reliable but not guaranteed. The information being provided is 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. All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright 2024. All rights reserved.