Is Freeport, 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, Freeport was a Seller's Market.
Housing Prices in Freeport, FL
How much do homes in Freeport, FL cost?
Median Sold Price
$409,982
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Freeport was $409,982 in March 2024, down 10.5% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $350K | $110K | -68.6% |
2 Bedrooms | $245K | $249.9K | +2.0% |
3 Bedrooms | $365K | $366K | 0.3% |
4 Bedrooms | $489.9K | $511.3K | +4.4% |
5+ Bedrooms | $544.6K | $515K | -5.4% |
Summary: Freeport housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 68.6%, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 0.3%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes decreased by 5.4%.
Median Sold Price Compared To Nearby Cities
Defuniak Springs | $244.9K | $259.9K | +6.1% |
Freeport | $458.1K | $409.9K | -10.5% |
Housing Supply in Freeport, FL
How many homes are available in Freeport, FL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
199 | 227 | +14.1% |
Summary: The Freeport real estate market had 227 homes for sale in March 2024, a 14.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 14 | 14 | 0.0% |
3 Bedrooms | 83 | 99 | +19.3% |
4 Bedrooms | 85 | 97 | +14.1% |
5+ Bedrooms | 15 | 15 | 0.0% |
Summary: The Freeport 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 19.3%, 4 bedroom homes increased by 14.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
27 | 34 | +25.9% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 34 homes were sold or pending in Freeport in March 2024, up by 25.9% month-over-month. Of the 34 sold homes, 71% were sold under asking, 21% were sold at asking, and 9% were sold over asking.
Days on Market for Freeport, FL
How long does it take to sell a home in Freeport, FL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
84 Days | 70 Days | -16.7% |
Summary: Homes in Freeport had an average of 70 days on market in Mar 2024, down by 16.7% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During March 2024, 34 homes were sold in Freeport; 41% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.