Is Gulf 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, Gulf County was a Seller's Market.
Key Takeaway
Gulf County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Gulf County, FL
How much do homes in Gulf County, FL cost?
Median Sold Price
$486,076
$255/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Gulf County have sold for 10.5% more than they did a year ago.
Summary: The median home sold price in Gulf County was $486,076 in March 2024, up 10.5% from last year, and the median price per square foot was $255.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $285K | $361K | +26.7% |
| 2 Bedrooms | $277.6K | $348.5K | +25.5% |
| 3 Bedrooms | $355K | $426.1K | +20.0% |
| 4 Bedrooms | $497.2K | $499.2K | 0.4% |
| 5+ Bedrooms | $534.2K | $662.5K | +24.0% |
Summary: Gulf County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.7%, 2 bedroom homes increased by 25.5%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes increased by 24%.
Median Sold Price Compared To Nearby Counties
| Gulf County | $439.9K | $486K | +10.5% |
| Bay County | $395.5K | $399.8K | +1.1% |
Housing Supply in Gulf County, FL
How many homes are available in Gulf County, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 132 | 145 | +9.8% |
Summary: The Gulf County real estate market had 145 homes for sale in March 2024, a 9.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 5 | -28.6% |
| 2 Bedrooms | 15 | 13 | -13.3% |
| 3 Bedrooms | 44 | 52 | +18.2% |
| 4 Bedrooms | 52 | 56 | +7.7% |
| 5+ Bedrooms | 14 | 19 | +35.7% |
Summary: The Gulf County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 28.6%, 2 bedroom homes decreased by 13.3%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 35.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 19 | +35.7% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gulf County, you may be able to get a good deal. 57.9% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Gulf County in March 2024, up by 35.7% month-over-month. Of the 19 sold homes, 58% were sold under asking, 32% were sold at asking, and 11% were sold over asking.
Days on Market for Gulf County, FL
How long does it take to sell a home in Gulf County, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 80 Days | 68 Days | -15.1% |
Summary: Homes in Gulf County had an average of 68 days on market in Mar 2024, down by 15.1% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Gulf County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 19 homes were sold in Gulf County; 47% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 47% 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.