Is Baker County, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Baker County has remained a Seller's Market.
Key Takeaway
Baker County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Baker County, FL
How much do homes in Baker County, FL cost?
Median Sold Price
$285,000
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Baker County have sold for 4.8% less than they did a year ago.
Summary: The median home sold price in Baker County was $285,000 in May 2024, down 4.8% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $220.5K | $175.5K | -20.4% |
| 3 Bedrooms | $290K | $269K | -7.2% |
| 4 Bedrooms | $309K | $296.4K | -4.0% |
| 5+ Bedrooms | $309.9K | $306.4K | -1.1% |
Summary: Baker County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 20.4%, 3 bedroom homes decreased by 7.2%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes decreased by 1.1%.
Median Sold Price Compared To Nearby Counties
| Charlton County | $200K | $215K | +7.5% |
| Nassau County | $406.4K | $430.5K | +5.9% |
| Columbia County | $272K | $287.7K | +5.8% |
| Duval County | $303.6K | $313.8K | +3.3% |
| Baker County | $299.5K | $285K | -4.8% |
Housing Supply in Baker County, FL
How many homes are available in Baker County, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 77 | 74 | -3.9% |
Summary: The Baker County real estate market had 74 homes for sale in May 2024, a 3.9% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 42 | 40 | -4.8% |
| 4 Bedrooms | 25 | 24 | -4.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Baker County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 15 | +25.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Baker County, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Baker County in May 2024, up by 25.0% month-over-month. Of the 15 sold homes, 60% were sold under asking, 27% were sold at asking, and 13% were sold over asking.
Days on Market for Baker County, FL
How long does it take to sell a home in Baker County, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 86 Days | 66 Days | -23.0% |
Summary: Homes in Baker County had an average of 66 days on market in May 2024, down by 23% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Baker County has remained consistent over time.
Summary: During May 2024, 15 homes were sold in Baker County; 33% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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Information Deemed Reliable but not guaranteed. The information being provided is 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. All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright 2024. All rights reserved.