Is Bay County, FL a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Bay County is a buyer's market


Difference Since October 2022

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

How much do homes in Bay County, FL cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since October 2022


Key Takeaway

Homes in Bay County have sold for 2.6% more than they did a year ago.

Summary: The median home sold price in Bay County was $399,565 in October 2023, up 2.6% from last year, and the median price per square foot was $258.

Median Sold Price By Bedroom Count

# BEDSOct 2022Oct 2023CHANGE
1 $349.1K$355K
2 $389.9K$409.1K
3 $350K$360.7K
4 $459.6K$437.5K
5+ $917K$795K

Summary: Bay County housing prices by bedroom type for October 2023 compared to the previous year: The home price of 1 bedroom homes increased by 1.7%, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 3.1%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes decreased by 13.3%.

Median Sold Price Compared To Nearby Counties

Gulf County
Bay County
Jackson County
Washington County

Housing Supply

How many homes are available in Bay County, FL?

Number of Homes For Sale

Sep 2023Oct 2023CHANGE

Summary: The Bay County real estate market had 3,060 homes for sale in October 2023, a 3.6% increase compared to September 2023.

Homes For Sale By Bedroom Count

# BEDSSep 2023Oct 2023CHANGE
1 311317
2 635692
3 1,0551,069
4 646660
5+ 306322

Summary: The Bay County housing inventory by bedroom type for October 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 1.9%, 2 bedroom homes increased by 9%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 5.2%.

Number of Homes Sold

Sep 2023Oct 2023CHANGE

Asking Price vs. Sold Price

246 Homes Were Sold
Under Asking

91 Homes Were Sold
At Asking

28 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 365 homes were sold or pending in Bay County in October 2023, down by 10.3% month-over-month. Of the 365 sold homes, 67% were sold under asking, 25% were sold at asking, and 8% were sold over asking.

Days on Market

How long does it take to sell a home in Bay County, FL?

Average Sale Time

Oct 2022Oct 2023CHANGE
46 Days64 Days+39.7%

Summary: Homes in Bay County had an average of 64 days on market in Oct 2023, up by 39.7% compared to last year.

Breakdown of Home Sale Times

162 Homes Were Sold
Under 30 Days

108 Homes Were Sold
In 30 - 90 Days

94 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Bay County are selling fast, if you're buying plan to act quickly.

Summary: During October 2023, 365 homes were sold in Bay County; 44% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

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Nearby Markets

What housing markets are near Bay County, FL?