Is Defuniak Springs, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Defuniak Springs was a Neutral 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
$255,000
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Defuniak Springs have sold for 1.1% more than they did a year ago.
Summary: The median home sold price in Defuniak Springs was $255,000 in June 2024, up 1.1% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $200K | $77.5K | -61.3% |
| 2 Bedrooms | $172.9K | $199K | +15.1% |
| 3 Bedrooms | $245K | $249.9K | +2.0% |
| 4 Bedrooms | $269K | $274.9K | +2.2% |
| 5+ Bedrooms | $304.4K | $460K | +51.1% |
Summary: Defuniak Springs housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 61.3%, 2 bedroom homes increased by 15.1%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 51.1%.
Median Sold Price Compared To Nearby Cities
| Paxton-Darlington | $249.9K | $255K | +2.0% |
| Defuniak Springs | $252.2K | $255K | +1.1% |
| De Funiak Springs | $242K | $240K | -0.8% |
Housing Supply in Defuniak Springs, FL
How many homes are available in Defuniak Springs, FL?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 99 | 101 | +2.0% |
Summary: The Defuniak Springs real estate market had 101 homes for sale in June 2024, a 2.0% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 54 | 58 | +7.4% |
| 4 Bedrooms | 28 | 25 | -10.7% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Defuniak Springs housing inventory by bedroom type for June 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 7.4%, 4 bedroom homes decreased by 10.7%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 14 | 11 | -21.4% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 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. 72.7% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Defuniak Springs in June 2024, down by 21.4% month-over-month. Of the 11 sold homes, 73% were sold under asking, 27% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 69 Days | 64 Days | -7.1% |
Summary: Homes in Defuniak Springs had an average of 64 days on market in Jun 2024, down by 7.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Defuniak Springs has remained consistent over time.
Summary: During June 2024, 11 homes were sold in Defuniak Springs; 36% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
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.
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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.