$37,900
0.46 Acres
Land
Jennifer Bond, Listing Office: Compass
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 September 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
$239,900
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
-$95(0%)
Key Takeaway
The sold price of homes in De Funiak Springs has remained the same since last year.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $80K | - | N/A |
| 2 Bedrooms | $185K | $140K | -24.3% |
| 3 Bedrooms | $200K | $238.9K | +19.4% |
| 4 Bedrooms | $275K | $259.9K | -5.5% |
| 5+ Bedrooms | $400K | $532.5K | +33.1% |
Summary: De Funiak Springs housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 24.3%, 3 bedroom homes increased by 19.4%, 4 bedroom homes decreased by 5.5%, and 5+ bedroom homes increased by 33.1%.
Median Sold Price Compared To Nearby Cities
| Defuniak Springs | $250K | $259.9K | +4.0% |
| Redbay | $263.4K | $264.9K | 0.5% |
| De Funiak Springs | $239.9K | $239.9K | 0% |
Housing Supply in De Funiak Springs, FL
How many homes are available in De Funiak Springs, FL?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 36 | 30 | -16.7% |
Summary: The De Funiak Springs real estate market had 30 homes for sale in September 2024, a 16.7% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 18 | 15 | -16.7% |
| 4 Bedrooms | 14 | 12 | -14.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The De Funiak Springs housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was 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. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in De Funiak Springs in September 2024, down by 42.9% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 8 Days | 92 Days | +967.3% |
Summary: Homes in De Funiak Springs had an average of 92 days on market in Sep 2024, up by 967.3% 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 September 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.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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The data relating to real estate for sale on this web site comes in part from the Internet Data exchange program of Central Panhandle Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Properties subject to prior sale, change, withdrawal or rental. Copyright© 2024 Central Panhandle Association of REALTORS.© All Rights Reserved.