Is De Funiak Springs, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, De Funiak Springs has remained a Seller's Market.
Key Takeaway
De Funiak Springs is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in De Funiak Springs, FL
How much do homes in De Funiak Springs, FL cost?
Median Sold Price
$250,000
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in De Funiak Springs have sold for 3.3% more than they did a year ago.
Summary: The median home sold price in De Funiak Springs was $250,000 in April 2024, up 3.3% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $80K | N/A |
| 2 Bedrooms | $149.9K | $185K | +23.4% |
| 3 Bedrooms | $194.9K | $248.9K | +27.7% |
| 4 Bedrooms | $276.9K | $275K | -0.7% |
| 5+ Bedrooms | $358.2K | $455K | +27.0% |
Summary: De Funiak Springs housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 23.4%, 3 bedroom homes increased by 27.7%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes increased by 27%.
Median Sold Price Compared To Nearby Cities
| De Funiak Springs | $242K | $250K | +3.3% |
| Defuniak Springs | $250K | $255.1K | +2.0% |
| Redbay | $259.9K | $265K | +1.9% |
Housing Supply in De Funiak Springs, FL
How many homes are available in De Funiak Springs, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 35 | 38 | +8.6% |
Summary: The De Funiak Springs real estate market had 38 homes for sale in April 2024, a 8.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 21 | 20 | -4.8% |
| 4 Bedrooms | 11 | 13 | +18.2% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The De Funiak Springs housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 4.8%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in De Funiak Springs, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in De Funiak Springs in April 2024, up by 75.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.
Days on Market for De Funiak Springs, FL
How long does it take to sell a home in De Funiak Springs, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 57 Days | 25 Days | -56.0% |
Summary: Homes in De Funiak Springs had an average of 25 days on market in Apr 2024, down by 56% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in De Funiak Springs are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 7 homes were sold in De Funiak Springs; 57% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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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.