Is Callaway, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Callaway has remained a Seller's Market.
Key Takeaway
Callaway is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Callaway, FL
How much do homes in Callaway, FL cost?
Median Sold Price
$280,000
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Callaway have sold for 1.8% more than they did a year ago.
Summary: The median home sold price in Callaway was $280,000 in March 2024, up 1.8% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $750K | - | N/A |
| 2 Bedrooms | $137K | $164.5K | +20.1% |
| 3 Bedrooms | $251.5K | $264.2K | +5.1% |
| 4 Bedrooms | $310K | $322.4K | +4.0% |
| 5+ Bedrooms | $378.9K | $384.9K | +1.6% |
Summary: Callaway housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 20.1%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 1.6%.
Median Sold Price Compared To Nearby Cities
| Springfield | $220K | $255K | +15.9% |
| Parker | $215K | $240K | +11.6% |
| Callaway | $275K | $280K | +1.8% |
Housing Supply in Callaway, FL
How many homes are available in Callaway, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 139 | 132 | -5.0% |
Summary: The Callaway real estate market had 132 homes for sale in March 2024, a 5.0% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 63 | 60 | -4.8% |
| 4 Bedrooms | 58 | 56 | -3.4% |
| 5+ Bedrooms | 11 | 10 | -9.1% |
Summary: The Callaway housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 24 | 36 | +50.0% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Callaway, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 36 homes were sold or pending in Callaway in March 2024, up by 50.0% month-over-month. Of the 36 sold homes, 50% were sold under asking, 42% were sold at asking, and 8% were sold over asking.
Days on Market for Callaway, FL
How long does it take to sell a home in Callaway, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 67 Days | 88 Days | +31.1% |
Summary: Homes in Callaway had an average of 88 days on market in Mar 2024, up by 31.1% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Callaway are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 36 homes were sold in Callaway; 31% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 42% 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© 2024 Central Panhandle Association of REALTORS.© All Rights Reserved.