$7,778 Closing Credit*
$655,000
2,820 SqFt
4 Beds
•3 Full Baths, 1 Partial
Kathy Justice, Listing Office: Levin Rinke Realty
Is Perdido Key, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Perdido Key has remained a Buyer's Market.
Key Takeaway
Perdido Key is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Perdido Key, FL
How much do homes in Perdido Key, FL cost?
Median Sold Price
$675,000
$457/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$7,500(-1.1%)
Key Takeaway
Homes in Perdido Key have sold for 1.1% less than they did a year ago.
Summary: The median home sold price in Perdido Key was $675,000 in October 2024, down 1.1% from last year, and the median price per square foot was $457.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $412.5K | $310.5K | -24.7% |
| 2 Bedrooms | $525K | $545K | +3.8% |
| 3 Bedrooms | $697K | $770K | +10.5% |
| 4 Bedrooms | $1.3M | $1.1M | -16.4% |
| 5+ Bedrooms | $2.5M | $2.8M | +11.7% |
Summary: Perdido Key housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24.7%, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 10.5%, 4 bedroom homes decreased by 16.4%, and 5+ bedroom homes increased by 11.7%.
Housing Supply in Perdido Key, FL
How many homes are available in Perdido Key, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 244 | 258 | +5.7% |
Summary: The Perdido Key real estate market had 258 homes for sale in October 2024, a 5.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 23 | 24 | +4.3% |
| 2 Bedrooms | 71 | 71 | 0.0% |
| 3 Bedrooms | 77 | 87 | +13.0% |
| 4 Bedrooms | 53 | 57 | +7.5% |
| 5+ Bedrooms | 20 | 19 | -5.0% |
Summary: The Perdido Key housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 4.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes decreased by 5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 20 | +17.6% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Perdido Key, you may be able to get a good deal. 88.9% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in Perdido Key in October 2024, up by 17.6% month-over-month. Of the 18 sold homes, 89% were sold under asking, 0% were sold at asking, and 11% were sold over asking.
Days on Market for Perdido Key, FL
How long does it take to sell a home in Perdido Key, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 69 Days | 101 Days | +45.3% |
Summary: Homes in Perdido Key had an average of 101 days on market in Oct 2024, up by 45.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Perdido Key are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 20 homes were sold in Perdido Key; 20% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 40% 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.