Is Defuniak Springs, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Defuniak Springs was a Seller's Market.
Housing Prices in Defuniak Springs, FL
How much do homes in Defuniak Springs, FL cost?
Median Sold Price
$255,112
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Defuniak Springs was $255,112 in April 2024, up 2% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $200K | $77.5K | -61.3% |
2 Bedrooms | $160K | $195K | +21.9% |
3 Bedrooms | $239K | $250K | +4.6% |
4 Bedrooms | $267.9K | $274.9K | +2.6% |
5+ Bedrooms | $304.4K | $450K | +47.8% |
Summary: Defuniak Springs housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 61.3%, 2 bedroom homes increased by 21.9%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 47.8%.
Median Sold Price Compared To Nearby Cities
Ponce De Leon | $300K | $336K | +12.0% |
De Funiak Springs | $242K | $250K | +3.3% |
Defuniak Springs | $250K | $255.1K | +2.0% |
Redbay | $259.9K | $265K | +1.9% |
Paxton-Darlington | $249.9K | $250K | 0.0% |
Housing Supply in Defuniak Springs, FL
How many homes are available in Defuniak Springs, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
98 | 100 | +2.0% |
Summary: The Defuniak Springs real estate market had 100 homes for sale in April 2024, a 2.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 7 | 8 | +14.3% |
3 Bedrooms | 52 | 52 | 0.0% |
4 Bedrooms | 32 | 29 | -9.4% |
5+ Bedrooms | 4 | 8 | +100.0% |
Summary: The Defuniak 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 increased by 14.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 9.4%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 13 | -7.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Defuniak Springs in April 2024, down by 7.1% month-over-month. Of the 13 sold homes, 54% were sold under asking, 38% were sold at asking, and 8% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
61 Days | 49 Days | -20.2% |
Summary: Homes in Defuniak Springs had an average of 49 days on market in Apr 2024, down by 20.2% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 13 homes were sold in Defuniak Springs; 62% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.