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

Housing Market Conditions



Gauge showing Redbay is a seller's market


Difference Since August 2022

Since last year, Redbay has remained a Seller's Market.

Key Takeaway

Redbay is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices

How much do homes in Redbay, FL cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since August 2022


Key Takeaway

Homes in Redbay have sold for 12.3% more than they did a year ago.

Summary: The median home sold price in Redbay was $264,990 in August 2023, up 12.3% from last year, and the median price per square foot was $155.

Median Sold Price By Bedroom Count

# BEDSAug 2022Aug 2023CHANGE
1 -$265K
2 $100K$380K
3 $230K$337K
4 $239.9K$258.4K
5+ $299.9K$304.9K

Summary: Redbay housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 280%, 3 bedroom homes increased by 46.5%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 1.7%.

Median Sold Price Compared To Nearby Cities

Defuniak Springs
De Funiak Springs

Housing Supply

How many homes are available in Redbay, FL?

Number of Homes For Sale

Jul 2023Aug 2023CHANGE

Summary: The Redbay real estate market had 22 homes for sale in August 2023, a 4.8% increase compared to July 2023.

Homes For Sale By Bedroom Count

# BEDSJul 2023Aug 2023CHANGE
1 12
2 00
3 57
4 1413
5+ 10

Summary: The Redbay housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 40%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Jul 2023Aug 2023CHANGE

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Redbay, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Redbay in August 2023, up by 200.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market

How long does it take to sell a home in Redbay, FL?

Average Sale Time

Aug 2022Aug 2023CHANGE
21 Days54 Days+150.0%

Summary: Homes in Redbay had an average of 54 days on market in Aug 2023, up by 150% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During August 2023, 6 homes were sold in Redbay; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.

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

Report Updated 27 Days Ago

Newest Listings

Nearby Markets

What housing markets are near Redbay, FL?