Is Freeport, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Freeport has remained a Seller's Market.
Key Takeaway
Freeport is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Freeport, FL
How much do homes in Freeport, FL cost?
Median Sold Price
$400,250
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Freeport have sold for 11.1% less than they did a year ago.
Summary: The median home sold price in Freeport was $400,250 in May 2024, down 11.1% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $350K | $110K | -68.6% |
| 2 Bedrooms | $245K | $249.9K | +2.0% |
| 3 Bedrooms | $375K | $360K | -4.0% |
| 4 Bedrooms | $495.3K | $500K | +0.9% |
| 5+ Bedrooms | $490.4K | $465K | -5.2% |
Summary: Freeport housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 68.6%, 2 bedroom homes increased by 2%, 3 bedroom homes decreased by 4%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes decreased by 5.2%.
Median Sold Price Compared To Nearby Cities
| Defuniak Springs | $253.2K | $257.9K | +1.9% |
| Freeport | $450K | $400.2K | -11.1% |
Housing Supply in Freeport, FL
How many homes are available in Freeport, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 270 | 265 | -1.9% |
Summary: The Freeport real estate market had 265 homes for sale in May 2024, a 1.9% decrease 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 | 10 | 9 | -10.0% |
| 3 Bedrooms | 122 | 122 | 0.0% |
| 4 Bedrooms | 112 | 110 | -1.8% |
| 5+ Bedrooms | 26 | 24 | -7.7% |
Summary: The Freeport 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 decreased by 10%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes decreased by 7.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 43 | 59 | +37.2% |
Asking Price vs. Sold Price
35 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Freeport, you may be able to get a good deal. 59.3% of homes here sold below asking price last month.
Summary: A total of 59 homes were sold or pending in Freeport in May 2024, up by 37.2% month-over-month. Of the 59 sold homes, 59% were sold under asking, 34% were sold at asking, and 7% were sold over asking.
Days on Market for Freeport, FL
How long does it take to sell a home in Freeport, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 87 Days | 118 Days | +35.9% |
Summary: Homes in Freeport had an average of 118 days on market in May 2024, up by 35.9% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
28 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Freeport are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During May 2024, 59 homes were sold in Freeport; 31% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 47% of homes were sold over 90 days.
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Listings courtesy of Stellar MLS as distributed by MLS GRID.
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