Is Bonifay, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Bonifay has remained a Seller's Market.
Housing Prices in Bonifay, FL
How much do homes in Bonifay, FL cost?
Median Sold Price
$199,000
$128/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Bonifay was $199,000 in April 2024, up 17.1% from last year, and the median price per square foot was $128.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $25K | - | N/A |
2 Bedrooms | $145.5K | $199K | +36.8% |
3 Bedrooms | $171K | $199K | +16.4% |
4 Bedrooms | $220K | $192K | -12.7% |
5+ Bedrooms | - | $600K | N/A |
Summary: Bonifay housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 36.8%, 3 bedroom homes increased by 16.4%, 4 bedroom homes decreased by 12.7%, and 5+ bedroom homes did not change.
Housing Supply in Bonifay, FL
How many homes are available in Bonifay, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
44 | 50 | +13.6% |
Summary: The Bonifay real estate market had 50 homes for sale in April 2024, a 13.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 5 | 5 | 0.0% |
3 Bedrooms | 32 | 36 | +12.5% |
4 Bedrooms | 6 | 6 | 0.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Bonifay housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 11 | +83.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Bonifay in April 2024, up by 83.3% month-over-month. Of the 11 sold homes, 64% were sold under asking, 9% were sold at asking, and 27% were sold over asking.
Days on Market for Bonifay, FL
How long does it take to sell a home in Bonifay, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
62 Days | 109 Days | +75.4% |
Summary: Homes in Bonifay had an average of 109 days on market in Apr 2024, up by 75.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 11 homes were sold in Bonifay; 45% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.