Real Estate Market Report

Destin, FL

Single-Family Homes

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



Destin, FL

Fri Sep 30 2022
This week the median list price for Destin, FL is $1,599,999 with the market action index hovering around 30. This is less than last month's market action index of 31. Inventory has held steady at or around 149. 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

The market has been consistently cool for several weeks. Demand level are low relative to the available inventory. It's a Buyer's market and prices continue to fall. Look for a persistent shift in Market Action before prices plateau or begin to rise again.

Destin, FL

Fri Sep 30 2022
This week the median list price for Destin, FL is $1,599,999 with the market action index hovering around 30. This is less than last month's market action index of 31. Inventory has held steady at or around 149. 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

The market has been consistently cool for several weeks. Demand level are low relative to the available inventory. It's a Buyer's market and prices continue to fall. Look for a persistent shift in Market Action before prices plateau or begin to rise again.

Real-Time Market Profile

Never miss important changes in the Destin market.
Median List Price $1,599,999
Median Price of New Listings $612,000
Per Square Foot $538
Average Days on Market 90
Median Days on Market 77
Price Decreased 46%
Price Increased 0%
Relisted 6%
Inventory 149
Median Rent
Market Action 30
Slight Seller's Advantage

The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle.

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
$3,750,000 4,663 0.25 - 0.5 acre 5 5.5 17 3 0 105
$1,995,000 3,250 0.25 - 0.5 acre 4 3.5 20 1 4 91
$1,349,000 2,604 6,500 - 8,000 sqft 4 3 23 0 2 56
$589,950 1,921 0.25 - 0.5 acre 3 2 29 8 5 35