Real Estate Market Report
Destin, FL
Single-Family Homes
Craig Tindall, Broker | 850-454-8160 | https://www.destinjustlisted.com
Destin, FL
Sun Sep 15 2024
This week the median list price for Destin, FL is $1,292,000 with the market action index hovering around 26. This is less than last month's market action index of 27. Inventory has held steady at or around 224.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Market Narrative
The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.
Real-Time Market Profile
| Median List Price | $1,292,000 | |
| Median Price of New Listings | $925,000 | |
| Per Square Foot | $482 | |
| Average Days on Market | 144 | |
| Median Days on Market | 105 | |
| Price Decreased | 43% | |
| Price Increased | 2% | |
| Relisted | 5% | |
| Inventory | 224 | |
| Median Rent | ||
| Market Action | 26 | |
| Slight Buyer's Advantage | ||
The market seems to have paused around this plateau. This week prices eased down a bit.Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $3,232,500 | 4,588 | 8,000 - 10,000 sqft | 6 | 5.8 | 14 | 2 | 1 | 150 |
| $1,622,000 | 2,934 | 8,000 - 10,000 sqft | 4 | 4 | 24 | 1 | 2 | 115 |
| $937,000 | 2,402 | 6,500 - 8,000 sqft | 4 | 3 | 25 | 3 | 2 | 80 |
| $505,000 | 1,848 | 6,500 - 8,000 sqft | 3 | 2.5 | 23 | 3 | 3 | 77 |