Is Defuniak Springs, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Defuniak Springs was a Seller's Market.
Housing Prices in Defuniak Springs, FL
How much do homes in Defuniak Springs, FL cost?
Median Sold Price
$257,995
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Defuniak Springs was $257,995 in May 2024, up 1.9% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $200K | $77.5K | -61.3% |
2 Bedrooms | $160K | $197K | +23.1% |
3 Bedrooms | $244.9K | $250K | +2.1% |
4 Bedrooms | $266.9K | $275.4K | +3.2% |
5+ Bedrooms | $309K | $460K | +48.9% |
Summary: Defuniak Springs housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 61.3%, 2 bedroom homes increased by 23.1%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 48.9%.
Median Sold Price Compared To Nearby Cities
Paxton-Darlington | $249.9K | $255K | +2.0% |
Defuniak Springs | $253.2K | $257.9K | +1.9% |
Redbay | $259.9K | $265K | +1.9% |
De Funiak Springs | $247.4K | $248.9K | +0.6% |
Ponce De Leon | $320K | $312K | -2.5% |
Housing Supply in Defuniak Springs, FL
How many homes are available in Defuniak Springs, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
94 | 103 | +9.6% |
Summary: The Defuniak Springs real estate market had 103 homes for sale in May 2024, a 9.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 7 | 7 | 0.0% |
3 Bedrooms | 50 | 57 | +14.0% |
4 Bedrooms | 28 | 28 | 0.0% |
5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Defuniak Springs housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 14%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
13 | 12 | -7.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Defuniak Springs in May 2024, down by 7.7% month-over-month. Of the 12 sold homes, 42% were sold under asking, 50% were sold at asking, and 8% were sold over asking.
Days on Market for Defuniak Springs, FL
How long does it take to sell a home in Defuniak Springs, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
77 Days | 31 Days | -58.9% |
Summary: Homes in Defuniak Springs had an average of 31 days on market in May 2024, down by 58.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 12 homes were sold in Defuniak Springs; 42% of homes were sold within 30 days, 58% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.