$2,968 Closing Credit*
$249,900
1,440 SqFt
4 Beds
•2 Full Baths
Listing Office: EXP Realty LLC
Is Redbay, 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, Redbay was a Neutral Market.
Key Takeaway
Redbay is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Redbay, FL
How much do homes in Redbay, FL cost?
Median Sold Price
$267,000
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$4,010(+1.5%)
Key Takeaway
Homes in Redbay have sold for 1.5% more than they did a year ago.
Summary: The median home sold price in Redbay was $267,000 in November 2024, up 1.5% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $265K | - | N/A |
| 2 Bedrooms | $262.4K | $156.2K | -40.5% |
| 3 Bedrooms | $335K | $309K | -7.8% |
| 4 Bedrooms | $254.9K | $272.8K | +7.0% |
| 5+ Bedrooms | $319.9K | $299.9K | -6.3% |
Summary: Redbay housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 40.5%, 3 bedroom homes decreased by 7.8%, 4 bedroom homes increased by 7%, and 5+ bedroom homes decreased by 6.3%.
Median Sold Price Compared To Nearby Cities
| Defuniak Springs | $250K | $264.9K | +6.0% |
| Redbay | $262.9K | $267K | +1.5% |
| De Funiak Springs | $239.9K | $239.9K | 0.0% |
Housing Supply in Redbay, FL
How many homes are available in Redbay, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 14 | -6.7% |
Summary: The Redbay real estate market had 14 homes for sale in November 2024, a 6.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Redbay 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 decreased by 50%, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Redbay, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in Redbay in November 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Redbay, FL
How long does it take to sell a home in Redbay, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 8 Days | 123 Days | +1437.5% |
Summary: Homes in Redbay had an average of 123 days on market in Nov 2024, up by 1437.5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Redbay are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 1 homes were sold in Redbay; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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.