Is Chipley, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Chipley is a seller's market

Buyer's
Market

Difference Since May 2022

Since last year, Chipley has remained a Seller's Market.

Key Takeaway

Chipley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Chipley, FL cost?

Median Sold Price

$194,400

$129/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2022

+$44,500(+29.7%)

Key Takeaway

Homes in Chipley have sold for 29.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2022May 2023%
1 $66.5K$117K
+75.9%
2 $120K$150K
+25.0%
3 $154.9K$222.5K
+43.6%
4 $199.9K$202K
+1.0%
5+ $415.5K$395K
-4.9%

How many homes are available in Chipley, FL?

Number of Homes For Sale

Apr 2023May 2023%
7268-5.6%

Homes For Sale By Bedroom Count

# BEDSApr 2023May 2023%
1 11
0.0%
2 106
-40.0%
3 4547
+4.4%
4 1412
-14.3%
5+ 22
0.0%

Number of Homes Sold

Apr 2023May 2023%
1518+20.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Chipley, you may be able to get a good deal. 38.9% of homes here sold below asking price last month.

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

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

Average Sale Time

May 2022May 2023%
36 Days31 Days-13.3%

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Chipley, FL

Chipley, FL has 68 homes on the market. The number of listings in Chipley, FL decreased by 5.6% between April 2023 and May 2023. The median list price of listings available in May 2023 was $194,400, while the average time on the real estate market was 31 days. Real estate listing prices changed between April 2023 and May 2023: prices of 1 bedroom properties went up by 75.9%, prices of 2 bedrooms properties increased by 25%, prices of 3 bedrooms properties went up by 43.6%, the cost of 4 bedrooms properties went up by 1%, prices of 5 bedrooms properties decreased by 4.9%. Housing inventory have changed in this real estate market: volume of 1 bedroom homes stayed the same, 2 bedrooms homes became 40% less available, 3 bedrooms homes became 4.4% more available, volume of 4 bedrooms homes went down by 14.3%, 5 bedrooms homes did not move. Chipley, FL housing market in May 2023 saw over 6 listings sold above listed price, more than 5 sold at listed price and over 7 sold below.