Is Lynn Haven, 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, Lynn Haven has remained a Seller's Market.
Housing Prices in Lynn Haven, FL
How much do homes in Lynn Haven, FL cost?
Median Sold Price
$349,900
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lynn Haven was $349,900 in April 2024, up 9.3% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $85K | - | N/A |
2 Bedrooms | $210.5K | $215K | +2.1% |
3 Bedrooms | $283.5K | $310K | +9.3% |
4 Bedrooms | $391.5K | $374.9K | -4.2% |
5+ Bedrooms | $530K | $492K | -7.2% |
Summary: Lynn Haven 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 2.1%, 3 bedroom homes increased by 9.3%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes decreased by 7.2%.
Median Sold Price Compared To Nearby Cities
Lynn Haven | $320K | $349.9K | +9.3% |
Panama City | $329.9K | $347.6K | +5.4% |
Southport | $458.6K | $477.3K | +4.1% |
Housing Supply in Lynn Haven, FL
How many homes are available in Lynn Haven, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
163 | 157 | -3.7% |
Summary: The Lynn Haven real estate market had 157 homes for sale in April 2024, a 3.7% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 5 | +25.0% |
3 Bedrooms | 80 | 82 | +2.5% |
4 Bedrooms | 69 | 63 | -8.7% |
5+ Bedrooms | 10 | 7 | -30.0% |
Summary: The Lynn Haven housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 2.5%, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes decreased by 30%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
37 | 30 | -18.9% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in Lynn Haven in April 2024, down by 18.9% month-over-month. Of the 30 sold homes, 67% were sold under asking, 23% were sold at asking, and 10% were sold over asking.
Days on Market for Lynn Haven, FL
How long does it take to sell a home in Lynn Haven, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
37 Days | 59 Days | +60.0% |
Summary: Homes in Lynn Haven had an average of 59 days on market in Apr 2024, up by 60% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During April 2024, 30 homes were sold in Lynn Haven; 37% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.