#972443, Michele H Ray, Listing Office: Randy Wise Realty LLC
Redbay Housing Market Report March 2025•Walton County, Florida
Housing Prices in Redbay, FL
How much do homes in Redbay, FL cost?
Housing Market Conditions
Is Redbay, FL a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Redbay is a Neutral Market
Difference Since March 2024
At the same time last year, Redbay was a Seller's Market.
Insight
Redbay is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Median Sold Price
$275,990$156/SqFt
+$21,000
+8.2%
Based on all homes sold in the last 12 months
Insight
Homes in Redbay have sold for 8.2% more than they did a year ago.
Summary: The median home sold price in Redbay was $275,990 in March 2025, up 8.2% from last year, and the median price per square foot was $156.
Median Sold Price By Cities
| City | Mar 2024 | Mar 2025 | Change YoY |
|---|---|---|---|
| Ponce de Leon | $265K | $299K | +12.8% |
| Redbay | $254.9K | $275.9K | +8.2% |
| Ponce De Leon | $300K | $304K | +1.3% |
| Defuniak Springs | $255.3K | $253.2K | -0.8% |
| De Funiak Springs | $250K | $225K | -10.0% |
Median Sold Price By Bedrooms
| Beds | Mar 2024 | Mar 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $265K | - | N/A |
| 22 Bedrooms | $182.4K | $156.2K | -14.4% |
| 33 Bedrooms | $281K | $309K | +10.0% |
| 44 Bedrooms | $254.9K | $272.8K | +7.0% |
| 55+ Bedrooms | $319.9K | $299.9K | -6.3% |
Summary: Redbay housing price by bedroom type for March 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -14.4%. The home price for 3 bedroom homes increased by +10.0%. The home price for 4 bedroom homes increased by +7.0%. The home price for 5 bedroom homes decreased by -6.3%.
How does Redbay, FL compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
Redbay, FL
Housing supply in Redbay, FL
How many homes are available in Redbay, FL?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 12Last MonthMar 2025 | ||
| 132 months agoFeb 2025 | -7.7 % Change MoMFeb – Mar |
Summary: The Redbay real estate market had 12 homes for sale in Mar 2025, a 7.7 % decrease compared to Feb 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 2Last MonthMar 2025 | ||
| 42 months agoFeb 2025 | -50.0 % Change MoMFeb – Mar |
Homes For Sale By Bedroom Count
| Beds | Feb 2025 | Mar 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 0 | 0 | 0.0% |
| 33 Bedrooms | 4 | 5 | +25.0% |
| 44 Bedrooms | 8 | 6 | -25.0% |
| 55+ Bedrooms | 1 | 1 | 0.0% |
Summary: Redbay housing inventory by bedroom type for March 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes increased by +25.0%. The inventory for 4 bedroom homes decreased by -25.0%. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in Redbay, FL cost?
Over Asking Price1 Home
At Asking Price0 Home
Under Asking Price1 Home
Insight
If you're buying a home in Redbay, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Redbay in March 2025, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and and 50% were sold over asking.
Days on Market for Redbay, FL
How long does it take to sell a home in Redbay, FL?
Breakdown of Home Sale Times
Under 30 Days2 Homes
30 – 90 Days0 Home
Over 90 Days0 Home
Insight
Many homes in Redbay are selling fast, if you're buying plan to act quickly.
Summary: During March 2025, 2 homes were sold in Redbay; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 5 DaysThis YearMar 2025 | ||
| 80 Days1 year agoMar 2024 | -93.8 % Change YoYMar 2024 – Mar 2025 |
Summary: Homes in Redbay had an average listing age of 5 days in Mar 2025, down by 93.8% compared to the previous year.
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Newest Listings in Redbay, FL
What homes are available in Redbay, FL?
$3,147 Closing Credit¹
#972381, Joseph Nacchia, Listing Office: Berkshire Hathaway HomeServices PenFed Realty
#972071, Kialea B Madden, Listing Office: Southern Choice Properties Llc
#971543, Kim E Wennerberg, Listing Office: Kim & Company
$3,384 Closing Credit¹
#970989, Sherry J Gudinez, Listing Office: Fathom Realty FL LLC
#970444, Caryl Gibson, Listing Office: South Walton Realty Sales LLC
#969722, Auston T Baeza, Albert Baeza, Listing Office: RE/MAX Gulf Coast Realty
#968750, Auston T Baeza, Albert Baeza, Listing Office: RE/MAX Gulf Coast Realty
#967978, Sherry L Nelson Paris, Raymond Villanueva, Listing Office: Palmetto Properties & Realty LLC
#967294, Tareva T Ligas, Listing Office: Keller Williams Success Realty
#967175, Stephanie L Dorriety, Listing Office: Real Estate Simple Inc
$3,147 Closing Credit¹
#966644, Steve C Brown, Brandy Brown, Listing Office: Southern Choice Properties Llc
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MLS Disclaimers and Copyright
Based on information from Emerald Coast MLS, and Central Panhandle Association of REALTORS® MLS for the period 04/01/2023 - 04/01/2025
Information Deemed Reliable but not guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright 2025. All rights reserved.Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/10/2025, 11:20:57 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange program of Central Panhandle Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Properties subject to prior sale, change, withdrawal or rental. Copyright© 2025 Central Panhandle Association of REALTORS.© All Rights Reserved.Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/10/2025, 11:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.