$475,000
0.30 Acres
Land
Michael Whitner, Listing Office: RE/MAX GULF PROPERTIES
Is Perdido Bay, 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, Perdido Bay was a Seller's Market.
Key Takeaway
Perdido Bay 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 Perdido Bay, FL
How much do homes in Perdido Bay, FL cost?
Median Sold Price
$335,000
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$3,666(-1.1%)
Key Takeaway
Homes in Perdido Bay have sold for 1.1% less than they did a year ago.
Summary: The median home sold price in Perdido Bay was $335,000 in October 2024, down 1.1% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $275K | - | N/A |
| 2 Bedrooms | $280K | $277K | -1.1% |
| 3 Bedrooms | $299.4K | $305K | +1.9% |
| 4 Bedrooms | $400K | $378.2K | -5.4% |
| 5+ Bedrooms | $438.5K | $685K | +56.2% |
Summary: Perdido Bay 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 decreased by 1.1%, 3 bedroom homes increased by 1.9%, 4 bedroom homes decreased by 5.4%, and 5+ bedroom homes increased by 56.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Myrtle Grove | $217K | $245K | +12.9% |
| Grande Lagoon | $410K | $421.2K | +2.7% |
| Warrington | $245K | $250K | +2.0% |
| Perdido Bay | $338.6K | $335K | -1.1% |
Housing Supply in Perdido Bay, FL
How many homes are available in Perdido Bay, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 167 | 168 | +0.6% |
Summary: The Perdido Bay real estate market had 168 homes for sale in October 2024, a 0.6% 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 | 15 | 12 | -20.0% |
| 3 Bedrooms | 99 | 102 | +3.0% |
| 4 Bedrooms | 49 | 49 | 0.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Perdido Bay 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 20%, 3 bedroom homes increased by 3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 26 | +13.0% |
Asking Price vs. Sold Price
15 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 Perdido Bay, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 26 homes were sold or pending in Perdido Bay in October 2024, up by 13.0% month-over-month. Of the 24 sold homes, 63% were sold under asking, 33% were sold at asking, and 4% were sold over asking.
Days on Market for Perdido Bay, FL
How long does it take to sell a home in Perdido Bay, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 29 Days | 93 Days | +221.0% |
Summary: Homes in Perdido Bay had an average of 93 days on market in Oct 2024, up by 221% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Perdido Bay are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 26 homes were sold in Perdido Bay; 46% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 27% 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.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.