2025 Perdido Key End-of-Year Market Report

End of Year Market Report

Provided by Kathy Justice

This past year reflected a market returning to balance, with fewer sales, slightly longer days on market, and modest price adjustments across most segments. In 2025, buyers were more intentional, weighing interest rates and long-term value as the market continued to level out after the rapid appreciation of prior years. This shift reinforced Perdido Key’s appeal as both a lifestyle destination and a strong long-term investment. Perdido Key’s diverse property types meant that each market segment told its own story in 2025.

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Gulf-Front Condominiums

Gulf-front condominiums continued to be a cornerstone of the Perdido Key market in 2025. There were 93 closed Gulf-front condo sales throughout the year, with an average sales price of $892,114 and an average of 109 days on market.

Overall, sales in this segment declined 8% compared to 2024, and properties spent approximately 11% longer on the market.

Despite this shift, buyer demand remained steady - particularly for three-bedroom condos and well-maintained units with strong rental histories. While the average sales price for Gulf-front condos declined slightly, average price per square foot remained relatively stable, decreasing by just 1% year-over-year.

Notably, four-bedroom residences and recently renovated units continued to command premium pricing, posting a 4% increase compared to 2024.

Intracoastal / River-Front Condominiums

Intracoastal and River-Front condominium sales in 2025 experienced a decrease in overall sales volume and longer average days on market compared to 2024.

However, this segment saw a 19% increase in average sales price, reflecting continued demand for properties offering protected water views, boating access, and more attainable price points compared to Gulf-front residences.

Buyers were particularly drawn to properties that balanced value with waterfront living.

Lost Key Golf & Beach Club

Lost Key remained one of Perdido Key’s most desirable communities in 2025. Across both condominiums, villas, and single-family residences, the community recorded a 16% increase in total sales, despite a decline in average sales price.

Buyers continue to value the gated setting, golf course lifestyle, and proximity to both the Gulf and the Intracoastal Waterway. Lost Key consistently attracts a mix of primary homeowners, second-home buyers, and investors, reinforcing its position as a long-term value-driven market within Perdido Key.

Single-Family Homes

Single-family home sales declined 13% compared to 2024. While average days on market did increase, the change was relatively modest, with a 12% year-over-year uptick.

This contrasts sharply with the previous reporting period, when days on market more than doubled from 2023 to 2024 - indicating a much softer and more stable shift in market pace for 2025.

My Perspective

Overall, the 2025 Perdido Key condominium market experienced a decrease in total sales and longer average days on market. Despite this, average sales prices remained steady, with a slight 0.2% increase year-over-year, while average price per square foot rose approximately 3% compared to 2024.

In my opinion, 2025 was marked by informed buyers, more realistic sellers, and a return to balanced decision-making. After years of rapid appreciation, the market has begun to normalize, creating a steadier pace of growth. Perdido Key continues to stand out along the Gulf Coast due to its limited inventory, lifestyle appeal, and long-term investment potential. Compared to neighboring markets, demand here remains strong, reinforcing the value of well-priced, well-presented homes.

2026 sales are off to an exceptionally strong start with 19 properties under contract and almost twice the closed sales compared to 2025. Buyers remain selective and value-driven, while thoughtfully marketed properties continue to perform well. Whether you are buying, selling, or staying informed, understanding the nuances of the Perdido Key market is essential, and I’m proud to help my clients navigate it with clarity and confidence.

I am always happy to provide personalized insights on your specific property. While market data offers valuable context, it doesn’t always reflect the true value of an individual home. I invite you to reach out to me for a tailored and accurate valuation of your property.

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