Is Destin, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Destin is a neutral's market

Buyer's
Market

Difference Since July 2021

At the same time last year, Destin was a Seller's Market.

Key Takeaway

Destin is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in Destin, FL cost?

Median Sold Price

$529,392

$409/sqft

Based on all homes sold in the last 12 months.

Difference Since July 2021

+$96,101(+22.2%)

Key Takeaway

Homes in Destin have sold for 22.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJul 2021Jul 2022%
1 $230K$305K
+32.6%
2 $332.5K$420K
+26.3%
3 $502.1K$585K
+16.5%
4 $775K$893K
+15.2%
5+ $1.4M$2.2M
+62.5%

Median Sold Price Compared To Nearby Cities

Miramar Beach
+31.2%
Walton Beaches
+24.9%
Destin
+22.2%

How many homes are available in Destin, FL?

Number of Homes For Sale

Jun 2022Jul 2022%
408436+6.9%

Homes For Sale By Bedroom Count

# BEDSJun 2022Jul 2022%
1 3228
-12.5%
2 124130
+4.8%
3 142162
+14.1%
4 4441
-6.8%
5+ 6675
+13.6%

Number of Homes Sold

Jun 2022Jul 2022%
7565-13.3%

Asking Price vs. Sold Price

32 Homes Were Sold
Under Asking

16 Homes Were Sold
At Asking

17 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Destin, you may be able to get a good deal. 49.2% of homes here sold below asking price last month.

Average Sale Time

Jul 2021Jul 2022%
30 Days27 Days-8.0%

Breakdown of Home Sale Times

49 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Destin are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Destin, FL

Destin, FL has 436 homes on the market. The inventory of homes for sale in Destin, FL between June 2022 and July 2022 increased by 6.9%. In July 2022 median list price was $529,392 and the average listing age was 27 days. Between June 2022 and July 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties became 32.6% more expensive, 2 bedrooms properties became 26.3% more expensive, the cost of 3 bedrooms properties went up by 16.5%, 4 bedrooms properties became 15.2% more expensive, prices of 5 bedrooms properties increased by 62.5%. Volume of homes for sale changed: number of 1 bedroom homes decreased by 12.5%, volume of 2 bedrooms homes went up by 4.8%, 3 bedrooms homes inventory increased by 14.1%, 4 bedrooms homes became 6.8% less available, volume of 5 bedrooms homes went up by 13.6%. Over 17 listings were sold over their listed price in July 2022 in Destin, FL. In the same period over 32 listings were sold below the listed price and 16 listings were sold for the listed price.

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