$5,035 Closing Credit*
$424,000
1,872 SqFt
4 Beds
•3 Full Baths
Lawson W Craft, Listing Office: Engel & Volkers Destin
Is Shalimar, 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, Shalimar was a Seller's Market.
Key Takeaway
Shalimar is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Shalimar, FL
How much do homes in Shalimar, FL cost?
Median Sold Price
$389,950
$219/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$33,300(-7.9%)
Key Takeaway
Homes in Shalimar have sold for 7.9% less than they did a year ago.
Summary: The median home sold price in Shalimar was $389,950 in November 2024, down 7.9% from last year, and the median price per square foot was $219.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $187K | $178.2K | -4.7% |
| 2 Bedrooms | $233.5K | $232.5K | -0.4% |
| 3 Bedrooms | $369K | $350K | -5.1% |
| 4 Bedrooms | $480K | $499K | +4.0% |
| 5+ Bedrooms | $609K | $569K | -6.6% |
Summary: Shalimar housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.7%, 2 bedroom homes decreased by 0.4%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes increased by 4%, and 5+ bedroom homes decreased by 6.6%.
Housing Supply in Shalimar, FL
How many homes are available in Shalimar, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 86 | 78 | -9.3% |
Summary: The Shalimar real estate market had 78 homes for sale in November 2024, a 9.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 11 | 12 | +9.1% |
| 3 Bedrooms | 36 | 31 | -13.9% |
| 4 Bedrooms | 30 | 26 | -13.3% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Shalimar housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 9.1%, 3 bedroom homes decreased by 13.9%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 9 | -47.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Shalimar, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Shalimar in November 2024, down by 47.1% month-over-month. Of the 9 sold homes, 44% were sold under asking, 33% were sold at asking, and 22% were sold over asking.
Days on Market for Shalimar, FL
How long does it take to sell a home in Shalimar, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 33 Days | 43 Days | +31.3% |
Summary: Homes in Shalimar had an average of 43 days on market in Nov 2024, up by 31.3% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Shalimar are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 9 homes were sold in Shalimar; 78% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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