Is Bay County, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
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
$399,565
$258/sqft
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
| # BEDS# BEDROOMS | Oct 2022 | Oct 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $349.1K | $355K | +1.7% |
| 2 Bedrooms | $389.9K | $409.1K | +4.9% |
| 3 Bedrooms | $350K | $360.7K | +3.1% |
| 4 Bedrooms | $459.6K | $437.5K | -4.8% |
| 5+ Bedrooms | $917K | $795K | -13.3% |
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 | $424K | $489.4K | +15.4% |
| Bay County | $389.3K | $399.5K | +2.6% |
| Jackson County | $196.3K | $200K | +1.9% |
| Washington County | $229.9K | $230K | 0.0% |
Housing Supply
How many homes are available in Bay County, FL?
Number of Homes For Sale
| Sep 2023 | Oct 2023 | CHANGE |
|---|---|---|
| 2,953 | 3,060 | +3.6% |
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
| # BEDS# BEDROOMS | Sep 2023 | Oct 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 311 | 317 | +1.9% |
| 2 Bedrooms | 635 | 692 | +9.0% |
| 3 Bedrooms | 1,055 | 1,069 | +1.3% |
| 4 Bedrooms | 646 | 660 | +2.2% |
| 5+ Bedrooms | 306 | 322 | +5.2% |
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 2023 | Oct 2023 | CHANGE |
|---|---|---|
| 407 | 365 | -10.3% |
Asking Price vs. Sold Price
246 Homes Were Sold
Under Asking
91 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. 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 2022 | Oct 2023 | CHANGE |
|---|---|---|
| 46 Days | 64 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
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.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange program of Central Panhandle Association of REALTORS®. IDX information is provided exclusively 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 deemed reliable but not guaranteed. Properties subject to prior sale, change, withdrawal or rental. Copyright© 2023 Central Panhandle Association of REALTORS.© All Rights Reserved.
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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.