Is Bay County, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
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 in Bay County, FL
How much do homes in Bay County, FL cost?
Median Sold Price
$399,791
$255/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in Bay County has remained the same since last year.
Summary: The median home sold price in Bay County was $399,791 in April 2024, down 0.5% from last year, and the median price per square foot was $255.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $355K | $360K | +1.4% |
| 2 Bedrooms | $405.6K | $399.9K | -1.4% |
| 3 Bedrooms | $359.4K | $363.8K | +1.2% |
| 4 Bedrooms | $475.6K | $425.2K | -10.6% |
| 5+ Bedrooms | $800K | $883.4K | +10.4% |
Summary: Bay County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.4%, 2 bedroom homes decreased by 1.4%, 3 bedroom homes increased by 1.2%, 4 bedroom homes decreased by 10.6%, and 5+ bedroom homes increased by 10.4%.
Median Sold Price Compared To Nearby Counties
| Jackson County | $191.7K | $215K | +12.1% |
| Washington County | $222.5K | $245.9K | +10.6% |
| Calhoun County | $199.9K | $215K | +7.6% |
| Bay County | $401.6K | $399.7K | -0.5% |
| Gulf County | $496K | $479.9K | -3.3% |
Housing Supply in Bay County, FL
How many homes are available in Bay County, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3,442 | 3,583 | +4.1% |
Summary: The Bay County real estate market had 3,583 homes for sale in April 2024, a 4.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 417 | 434 | +4.1% |
| 2 Bedrooms | 800 | 867 | +8.4% |
| 3 Bedrooms | 1,150 | 1,193 | +3.7% |
| 4 Bedrooms | 751 | 739 | -1.6% |
| 5+ Bedrooms | 324 | 350 | +8.0% |
Summary: The Bay County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 4.1%, 2 bedroom homes increased by 8.4%, 3 bedroom homes increased by 3.7%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes increased by 8%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 388 | 420 | +8.2% |
Asking Price vs. Sold Price
297 Homes Were Sold
Under Asking
78 Homes Were Sold
At Asking
45 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. 70.7% of homes here sold below asking price last month.
Summary: A total of 420 homes were sold or pending in Bay County in April 2024, up by 8.2% month-over-month. Of the 420 sold homes, 71% were sold under asking, 19% were sold at asking, and 11% were sold over asking.
Days on Market for Bay County, FL
How long does it take to sell a home in Bay County, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 65 Days | 68 Days | +3.8% |
Summary: Homes in Bay County had an average of 68 days on market in Apr 2024, up by 3.8% compared to last year.
Breakdown of Home Sale Times
172 Homes Were Sold
Under 30 Days
124 Homes Were Sold
In 30 - 90 Days
124 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 April 2024, 420 homes were sold in Bay County; 41% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
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Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing 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. This property is offered without respect to any protected classes in accordance with the law.