Is De Funiak 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, De Funiak Springs was a Seller's Market.
Housing Prices in De Funiak Springs, FL
How much do homes in De Funiak Springs, FL cost?
Median Sold Price
$248,950
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in De Funiak Springs was $248,950 in May 2024, up 0.6% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $80K | N/A |
2 Bedrooms | $149.9K | $185K | +23.4% |
3 Bedrooms | $200K | $239.9K | +20.0% |
4 Bedrooms | $279.5K | $275K | -1.6% |
5+ Bedrooms | $400K | $532.5K | +33.1% |
Summary: De Funiak Springs housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 23.4%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes increased by 33.1%.
Median Sold Price Compared To Nearby Cities
Defuniak Springs | $253.2K | $257.9K | +1.9% |
Redbay | $259.9K | $265K | +1.9% |
De Funiak Springs | $247.4K | $248.9K | +0.6% |
Housing Supply in De Funiak Springs, FL
How many homes are available in De Funiak Springs, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
35 | 36 | +2.9% |
Summary: The De Funiak Springs real estate market had 36 homes for sale in May 2024, a 2.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 19 | 21 | +10.5% |
4 Bedrooms | 13 | 11 | -15.4% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The De Funiak Springs housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 10.5%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 2 | -71.4% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in De Funiak Springs in May 2024, down by 71.4% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for De Funiak Springs, FL
How long does it take to sell a home in De Funiak Springs, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
98 Days | 34 Days | -65.0% |
Summary: Homes in De Funiak Springs had an average of 34 days on market in May 2024, down by 65% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 2 homes were sold in De Funiak Springs; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.