Is Defuniak Springs, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Defuniak Springs has remained a Buyer's Market.
Key Takeaway
Defuniak Springs is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Defuniak Springs, FL
How much do homes in Defuniak Springs, FL cost?
Median Sold Price
$259,900
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Defuniak Springs have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in Defuniak Springs was $259,900 in March 2024, up 6.1% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $179.7K | $80K | -55.5% |
| 2 Bedrooms | $153.6K | $197K | +28.2% |
| 3 Bedrooms | $235K | $251.5K | +7.0% |
| 4 Bedrooms | $264.9K | $274.9K | +3.8% |
| 5+ Bedrooms | $317K | $425K | +34.1% |
Summary: Defuniak Springs housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 55.5%, 2 bedroom homes increased by 28.2%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 34.1%.
Median Sold Price Compared To Nearby Cities
| De Funiak Springs | $214.5K | $252.5K | +17.7% |
| Defuniak Springs | $244.9K | $259.9K | +6.1% |
| Ponce De Leon | $321K | $335K | +4.4% |
| Paxton-Darlington | $250K | $249.9K | 0% |
Housing Supply in Defuniak Springs, FL
How many homes are available in Defuniak Springs, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 87 | 106 | +21.8% |
Summary: The Defuniak Springs real estate market had 106 homes for sale in March 2024, a 21.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 8 | 10 | +25.0% |
| 3 Bedrooms | 44 | 53 | +20.5% |
| 4 Bedrooms | 27 | 35 | +29.6% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Defuniak 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 increased by 25%, 3 bedroom homes increased by 20.5%, 4 bedroom homes increased by 29.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 13 | 0.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Defuniak Springs, you may be able to get a good deal. 69.2% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Defuniak Springs in March 2024, the same as the previous month. Of the 13 sold homes, 69% were sold under asking, 31% were sold at asking, and 0% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 66 Days | 105 Days | +57.8% |
Summary: Homes in Defuniak Springs had an average of 105 days on market in Mar 2024, up by 57.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Defuniak Springs are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 13 homes were sold in Defuniak Springs; 31% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 46% of homes were sold over 90 days.
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© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing 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. This property is offered without respect to any protected classes in accordance with the law.