Is Redbay, 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, Redbay has remained a Seller's Market.
Housing Prices in Redbay, FL
How much do homes in Redbay, FL cost?
Median Sold Price
$265,000
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Redbay was $265,000 in April 2024, up 1.9% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $265K | N/A |
2 Bedrooms | $278.2K | $182.4K | -34.4% |
3 Bedrooms | $282K | $295K | +4.6% |
4 Bedrooms | $258.4K | $259.9K | +0.6% |
5+ Bedrooms | $291.9K | $319.9K | +9.6% |
Summary: Redbay 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 decreased by 34.4%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes increased by 9.6%.
Median Sold Price Compared To Nearby Cities
Ponce de Leon | $290.9K | $336K | +15.5% |
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% |
Housing Supply in Redbay, FL
How many homes are available in Redbay, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 15 | +7.1% |
Summary: The Redbay real estate market had 15 homes for sale in April 2024, a 7.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 1 | 3 | +200.0% |
3 Bedrooms | 5 | 3 | -40.0% |
4 Bedrooms | 7 | 7 | 0.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Redbay 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 200%, 3 bedroom homes decreased by 40%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 3 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Redbay in April 2024, up by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Redbay, FL
How long does it take to sell a home in Redbay, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
60 Days | 93 Days | +55.6% |
Summary: Homes in Redbay had an average of 93 days on market in Apr 2024, up by 55.6% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in Redbay; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.