Is Bay County, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$399,856
$254/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Bay County have sold for 1.1% more than they did a year ago.
Summary: The median home sold price in Bay County was $399,856 in March 2024, up 1.1% from last year, and the median price per square foot was $254.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $355.1K | $360.5K | +1.5% |
| 2 Bedrooms | $399.9K | $402.3K | +0.6% |
| 3 Bedrooms | $354.9K | $362.2K | +2.1% |
| 4 Bedrooms | $456.9K | $429.2K | -6.1% |
| 5+ Bedrooms | $750.9K | $810K | +7.9% |
Summary: Bay County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.5%, 2 bedroom homes increased by 0.6%, 3 bedroom homes increased by 2.1%, 4 bedroom homes decreased by 6.1%, and 5+ bedroom homes increased by 7.9%.
Median Sold Price Compared To Nearby Counties
| Gulf County | $439.9K | $486K | +10.5% |
| Jackson County | $195K | $215K | +10.3% |
| Washington County | $224.2K | $245K | +9.3% |
| Bay County | $395.5K | $399.8K | +1.1% |
Housing Supply in Bay County, FL
How many homes are available in Bay County, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3,284 | 3,504 | +6.7% |
Summary: The Bay County real estate market had 3,504 homes for sale in March 2024, a 6.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 366 | 427 | +16.7% |
| 2 Bedrooms | 740 | 809 | +9.3% |
| 3 Bedrooms | 1,109 | 1,157 | +4.3% |
| 4 Bedrooms | 749 | 759 | +1.3% |
| 5+ Bedrooms | 320 | 352 | +10.0% |
Summary: The Bay County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 9.3%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 362 | 366 | +1.1% |
Asking Price vs. Sold Price
241 Homes Were Sold
Under Asking
97 Homes Were Sold
At Asking
28 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. 65.8% of homes here sold below asking price last month.
Summary: A total of 366 homes were sold or pending in Bay County in March 2024, up by 1.1% month-over-month. Of the 366 sold homes, 66% were sold under asking, 27% were sold at asking, and 8% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 61 Days | 83 Days | +36.0% |
Summary: Homes in Bay County had an average of 83 days on market in Mar 2024, up by 36% compared to last year.
Breakdown of Home Sale Times
120 Homes Were Sold
Under 30 Days
96 Homes Were Sold
In 30 - 90 Days
150 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Bay County are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 366 homes were sold in Bay County; 33% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 41% of homes were sold over 90 days.
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The data relating to real estate for sale on this website comes in part from the Southwest Florida Multiple Listing Service. 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. Information has not been verified, is not guaranteed, and is subject to change. Real estate listings held by other brokerage firms other are marked with the IDX logo and detailed information about them includes the name of the listing brokers.