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 March 2023
At the same time last year, De Funiak Springs was a Seller's Market.
Key Takeaway
De Funiak Springs is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in De Funiak Springs, FL
How much do homes in De Funiak Springs, FL cost?
Median Sold Price
$252,500
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in De Funiak Springs have sold for 17.7% more than they did a year ago.
Summary: The median home sold price in De Funiak Springs was $252,500 in March 2024, up 17.7% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $80K | N/A |
| 2 Bedrooms | $140K | $185K | +32.1% |
| 3 Bedrooms | $199.7K | $249.9K | +25.1% |
| 4 Bedrooms | $273.9K | $279.9K | +2.2% |
| 5+ Bedrooms | $345.4K | $455K | +31.7% |
Summary: De Funiak Springs housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 32.1%, 3 bedroom homes increased by 25.1%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 31.7%.
Median Sold Price Compared To Nearby Cities
| De Funiak Springs | $214.5K | $252.5K | +17.7% |
| Defuniak Springs | $244.9K | $259.9K | +6.1% |
Housing Supply in De Funiak Springs, FL
How many homes are available in De Funiak Springs, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 30 | 38 | +26.7% |
Summary: The De Funiak Springs real estate market had 38 homes for sale in March 2024, a 26.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 16 | 22 | +37.5% |
| 4 Bedrooms | 9 | 12 | +33.3% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The De Funiak Springs housing inventory by bedroom type for March 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 37.5%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in De Funiak Springs, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in De Funiak Springs in March 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 10 Days | 185 Days | +1713.7% |
Summary: Homes in De Funiak Springs had an average of 185 days on market in Mar 2024, up by 1713.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in De Funiak Springs are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 4 homes were sold in De Funiak Springs; 25% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 75% of homes were sold over 90 days.
