$7,113 Closing Credit*
$599,000
1,767 SqFt
3 Beds
•2 Full Baths
Listing Office: Counts Real Estate Group Inc
Is Bay County, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Bay County was a Seller's Market.
Key Takeaway
Bay County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Bay County, FL
How much do homes in Bay County, FL cost?
Median Sold Price
$399,666
$244/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$1,040(+0.3%)
Key Takeaway
The sold price of homes in Bay County has remained the same since last year.
Summary: The median home sold price in Bay County was $399,666 in September 2024, up 0.3% from last year, and the median price per square foot was $244.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $351.5K | $344.7K | -1.9% |
| 2 Bedrooms | $409.7K | $387.8K | -5.4% |
| 3 Bedrooms | $353.9K | $351.3K | -0.7% |
| 4 Bedrooms | $429.3K | $428.4K | -0.2% |
| 5+ Bedrooms | $765.2K | $1.0M | +41.8% |
Summary: Bay County housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.9%, 2 bedroom homes decreased by 5.4%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes decreased by 0.2%, and 5+ bedroom homes increased by 41.8%.
Median Sold Price Compared To Nearby Counties
| Calhoun County | $199.9K | $240.4K | +20.2% |
| Jackson County | $195K | $205K | +5.1% |
| Washington County | $231K | $239.9K | +3.9% |
| Bay County | $398.6K | $399.6K | 0.3% |
| Gulf County | $489.9K | $450K | -8.1% |
Housing Supply in Bay County, FL
How many homes are available in Bay County, FL?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 3,907 | 3,855 | -1.3% |
Summary: The Bay County real estate market had 3,855 homes for sale in September 2024, a 1.3% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 445 | 448 | +0.7% |
| 2 Bedrooms | 841 | 866 | +3.0% |
| 3 Bedrooms | 1,461 | 1,418 | -2.9% |
| 4 Bedrooms | 785 | 746 | -5.0% |
| 5+ Bedrooms | 375 | 377 | 0.5% |
Summary: The Bay County housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 0.7%, 2 bedroom homes increased by 3%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes increased by 0.5%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 424 | 313 | -26.2% |
Asking Price vs. Sold Price
211 Homes Were Sold
Under Asking
71 Homes Were Sold
At Asking
31 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bay County, you may be able to get a good deal. 67.4% of homes here sold below asking price last month.
Summary: A total of 313 homes were sold or pending in Bay County in September 2024, down by 26.2% month-over-month. Of the 313 sold homes, 67% were sold under asking, 23% were sold at asking, and 10% were sold over asking.
Days on Market for Bay County, FL
How long does it take to sell a home in Bay County, FL?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 63 Days | 84 Days | +34.5% |
Summary: Homes in Bay County had an average of 84 days on market in Sep 2024, up by 34.5% compared to last year.
Breakdown of Home Sale Times
124 Homes Were Sold
Under 30 Days
75 Homes Were Sold
In 30 - 90 Days
114 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bay County are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 313 homes were sold in Bay County; 40% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.
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