Real Estate Market Report

Destin, FL

Single-Family Homes

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



Destin, FL

Mon Jun 24 2024
This week the median list price for Destin, FL is $1,399,000 with the market action index hovering around 28. This is about the same as last month's market action index of 28. Inventory has held steady at or around 209. 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 Buyer's Advantage

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Destin, FL

Mon Jun 24 2024
This week the median list price for Destin, FL is $1,399,000 with the market action index hovering around 28. This is about the same as last month's market action index of 28. Inventory has held steady at or around 209. 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 Buyer's Advantage

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Destin market.
Median List Price $1,399,000
Median Price of New Listings $599,000
Per Square Foot $520
Average Days on Market 139
Median Days on Market 91
Price Decreased 44%
Price Increased 0%
Relisted 3%
Inventory 209
Median Rent
Market Action 28
Slight Buyer'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
$3,397,000 4,812 8,000 - 10,000 sqft 6 5.8 9 1 0 91
$1,949,000 3,147 8,000 - 10,000 sqft 4 4 25 1 2 98
$1,195,000 2,511 6,500 - 8,000 sqft 4 3 23 4 0 105
$549,900 1,920 6,500 - 8,000 sqft 3 2 26 7 7 84