Is Holmes County, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Holmes County was a Seller's Market.
Key Takeaway
Holmes County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Holmes County, FL
How much do homes in Holmes County, FL cost?
Median Sold Price
$207,500
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Holmes County have sold for 11% more than they did a year ago.
Summary: The median home sold price in Holmes County was $207,500 in May 2024, up 11% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $37.5K | $265K | +606.7% |
| 2 Bedrooms | $163K | $189.9K | +16.5% |
| 3 Bedrooms | $188K | $207.5K | +10.4% |
| 4 Bedrooms | $253.4K | $225.5K | -11.0% |
| 5+ Bedrooms | $380K | $499.5K | +31.4% |
Summary: Holmes County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 606.7%, 2 bedroom homes increased by 16.5%, 3 bedroom homes increased by 10.4%, 4 bedroom homes decreased by 11%, and 5+ bedroom homes increased by 31.4%.
Median Sold Price Compared To Nearby Counties
| Jackson County | $190.3K | $219.5K | +15.3% |
| Holmes County | $187K | $207.5K | +11.0% |
| Washington County | $222.5K | $245.9K | +10.6% |
| Walton County | $600.7K | $617.3K | +2.8% |
Housing Supply in Holmes County, FL
How many homes are available in Holmes County, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 76 | 67 | -11.8% |
Summary: The Holmes County real estate market had 67 homes for sale in May 2024, a 11.8% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 9 | 9 | 0.0% |
| 3 Bedrooms | 48 | 40 | -16.7% |
| 4 Bedrooms | 14 | 12 | -14.3% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Holmes County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 9 | -40.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Holmes County, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Holmes County in May 2024, down by 40.0% month-over-month. Of the 9 sold homes, 78% were sold under asking, 22% were sold at asking, and 0% were sold over asking.
Days on Market for Holmes County, FL
How long does it take to sell a home in Holmes County, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 50 Days | 35 Days | -30.3% |
Summary: Homes in Holmes County had an average of 35 days on market in May 2024, down by 30.3% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Holmes County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 9 homes were sold in Holmes County; 78% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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