Shalimar, FL Market Report for May 2025

1. How much is the average home in Shalimar worth?

• Average Sale Price (May 2025): $643,023

• Median Sale Price: $411,495

• These values include all residential property types across Shalimar and reflect a wide price distribution—from entry-level homes (~$150K–$300K) to luxury waterfront properties exceeding $2M.

✅ Conclusion: The typical home in Shalimar (median) is worth around $411,500, while the market-wide average is skewed higher by luxury sales at ~$643,000.

2. Are prices going up or down?

• Median Sale Price YoY Change: ↓ 5.19%

• Average Sale Price YoY Change: ↓ 19.55%

• Median List Price YoY Change: ↑ 2.00%

• Average List Price YoY Change: ↑ 1.45%

📉 Despite slight increases in list prices, actual sale prices are down significantly. This suggests homes are being listed optimistically but are selling for less, likely after price reductions or negotiation.

✅ Conclusion: Prices are going down, especially actual selling prices, even as listing prices edge up.

3. Are days on market going up or down (seasonally adjusted)?

• Avg Days on Market (CDOM): 93 days in May 2025 vs 85 days in May 2024 → ↑ 9.4%

• Median CDOM: 47 days in May 2025 vs 41 days in May 2024 → ↑ 14.6%

• This shift is during the prime selling season, when DOM typically drops. That they are rising now suggests weakening demand or overpriced listings.

✅ Conclusion: Days on market are increasing, even in peak season, indicating a slower-moving market than normal.

📌 Final Takeaway

• Average Home Value: ~$411K (median)

• Price Trend: Declining

• Market Speed: Slowing, with longer time to sell

If you're a seller, consider adjusting pricing expectations and preparing for a longer marketing timeline. Buyers may find more negotiation power and time to decid