Is Washington County, 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, Washington County has remained a Seller's Market.
Key Takeaway
Washington County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Washington County, FL
How much do homes in Washington County, FL cost?
Median Sold Price
$245,000
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Washington County have sold for 9.3% more than they did a year ago.
Summary: The median home sold price in Washington County was $245,000 in March 2024, up 9.3% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $93.5K | $72.9K | -22.0% |
| 2 Bedrooms | $138K | $140K | +1.4% |
| 3 Bedrooms | $223.7K | $248.6K | +11.1% |
| 4 Bedrooms | $370K | $268.4K | -27.4% |
| 5+ Bedrooms | $410K | $491.7K | +19.9% |
Summary: Washington County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22%, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 27.4%, and 5+ bedroom homes increased by 19.9%.
Median Sold Price Compared To Nearby Counties
| Jackson County | $195K | $215K | +10.3% |
| Washington County | $224.2K | $245K | +9.3% |
| Holmes County | $183.4K | $199.4K | +8.8% |
| Bay County | $395.5K | $399.8K | +1.1% |
| Walton County | $634.2K | $611.4K | -3.6% |
Housing Supply in Washington County, FL
How many homes are available in Washington County, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 108 | 108 | 0.0% |
Summary: The Washington County real estate market had 108 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 14 | 16 | +14.3% |
| 3 Bedrooms | 60 | 59 | -1.7% |
| 4 Bedrooms | 27 | 27 | 0.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Washington County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 14.3%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 22 | 22 | 0.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Washington County, expect to pay close to the asking price. 54.5% of homes here sold near the asking price last month.
Summary: A total of 22 homes were sold or pending in Washington County in March 2024, the same as the previous month. Of the 22 sold homes, 45% were sold under asking, 55% were sold at asking, and 0% were sold over asking.
Days on Market for Washington County, FL
How long does it take to sell a home in Washington County, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 72 Days | 40 Days | -44.1% |
Summary: Homes in Washington County had an average of 40 days on market in Mar 2024, down by 44.1% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Washington County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 22 homes were sold in Washington County; 64% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
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