Is Destin, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Destin was a Seller's Market.
Housing Prices in Destin, FL
How much do homes in Destin, FL cost?
Median Sold Price
$658,185
$408/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Destin was $658,185 in April 2024, up 12.1% from last year, and the median price per square foot was $408.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $325K | $370K | +13.8% |
2 Bedrooms | $479.6K | $475K | -1.0% |
3 Bedrooms | $589.3K | $631.6K | +7.2% |
4 Bedrooms | $1.0M | $1.0M | +2.2% |
5+ Bedrooms | $2.1M | $1.9M | -9.3% |
Summary: Destin housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.8%, 2 bedroom homes decreased by 1%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes decreased by 9.3%.
Median Sold Price Compared To Nearby Cities
Destin | $587.1K | $658.1K | +12.1% |
Walton Beaches | $909.6K | $980.1K | +7.7% |
Miramar Beach | $743.8K | $728.5K | -2.1% |
Housing Supply in Destin, FL
How many homes are available in Destin, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
574 | 604 | +5.2% |
Summary: The Destin real estate market had 604 homes for sale in April 2024, a 5.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 62 | 73 | +17.7% |
2 Bedrooms | 192 | 194 | +1.0% |
3 Bedrooms | 171 | 179 | +4.7% |
4 Bedrooms | 82 | 84 | +2.4% |
5+ Bedrooms | 67 | 74 | +10.4% |
Summary: The Destin housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 17.7%, 2 bedroom homes increased by 1%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 10.4%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
56 | 48 | -14.3% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 48 homes were sold or pending in Destin in April 2024, down by 14.3% month-over-month. Of the 48 sold homes, 71% were sold under asking, 15% were sold at asking, and 15% were sold over asking.
Days on Market for Destin, FL
How long does it take to sell a home in Destin, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
72 Days | 85 Days | +18.3% |
Summary: Homes in Destin had an average of 85 days on market in Apr 2024, up by 18.3% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
19 Homes Were Sold
Over 90 Days
Summary: During April 2024, 48 homes were sold in Destin; 44% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.