Real Estate Market Report

Destin, FL

Single-Family Homes

Craig Tindall, Broker | 850-454-8160 | https://www.destinjustlisted.com



Destin, FL

Tue Mar 28 2023
This week the median list price for Destin, FL is $1,395,000 with the market action index hovering around 32. This is an increase over last month's market action index of 31. Inventory has decreased to 126. Click here to stay informed with the Destin market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Destin, FL

Tue Mar 28 2023
This week the median list price for Destin, FL is $1,395,000 with the market action index hovering around 32. This is an increase over last month's market action index of 31. Inventory has decreased to 126. Click here to stay informed with the Destin market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Destin market.
Median List Price $1,395,000
Median Price of New Listings $1,264,500
Per Square Foot $524
Average Days on Market 137
Median Days on Market 109
Price Decreased 48%
Price Increased 3%
Relisted 9%
Inventory 126
Median Rent
Market Action 32
Slight Seller's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$3,200,000 4,181 8,000 - 10,000 sqft 5 5 20 2 1 231
$1,589,000 2,830 6,500 - 8,000 sqft 4 3.5 23 2 4 56
$1,125,000 2,579 6,500 - 8,000 sqft 4 3.3 23 3 0 94
$521,950 1,854 0.25 - 0.5 acre 3 2 35 3 4 91