$10,000 Closing Credit*
$1,485,000
2,694 SqFt
4 Beds
•4 Full Baths
Seth A Matthews, Listing Office: Berkshire Hathaway HomeServices
Is Bay County, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Bay County was a Neutral 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
$398,628
$243/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$3,261(-0.8%)
Key Takeaway
Homes in Bay County have sold for 0.8% less than they did a year ago.
Summary: The median home sold price in Bay County was $398,628 in November 2024, down 0.8% from last year, and the median price per square foot was $243.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $360K | $337.5K | -6.3% |
| 2 Bedrooms | $409.7K | $378.5K | -7.6% |
| 3 Bedrooms | $360.5K | $351.3K | -2.5% |
| 4 Bedrooms | $433.9K | $438.8K | +1.1% |
| 5+ Bedrooms | $825K | $1.1M | +44.8% |
Summary: Bay County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.3%, 2 bedroom homes decreased by 7.6%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 44.8%.
Median Sold Price Compared To Nearby Counties
| Jackson County | $200K | $206.2K | +3.1% |
| Washington County | $233.5K | $237.9K | +1.9% |
| Bay County | $401.8K | $398.6K | -0.8% |
| Gulf County | $489.9K | $450K | -8.1% |
Housing Supply in Bay County, FL
How many homes are available in Bay County, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3,607 | 3,569 | -1.1% |
Summary: The Bay County real estate market had 3,569 homes for sale in November 2024, a 1.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 399 | 411 | +3.0% |
| 2 Bedrooms | 822 | 819 | -0.4% |
| 3 Bedrooms | 1,331 | 1,303 | -2.1% |
| 4 Bedrooms | 687 | 679 | -1.2% |
| 5+ Bedrooms | 368 | 357 | -3.0% |
Summary: The Bay County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 3%, 2 bedroom homes decreased by 0.4%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes decreased by 3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 385 | 335 | -13.0% |
Asking Price vs. Sold Price
238 Homes Were Sold
Under Asking
73 Homes Were Sold
At Asking
24 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. 71% of homes here sold below asking price last month.
Summary: A total of 335 homes were sold or pending in Bay County in November 2024, down by 13.0% month-over-month. Of the 335 sold homes, 71% were sold under asking, 22% were sold at asking, and 7% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 69 Days | 87 Days | +26.8% |
Summary: Homes in Bay County had an average of 87 days on market in Nov 2024, up by 26.8% compared to last year.
Breakdown of Home Sale Times
105 Homes Were Sold
Under 30 Days
107 Homes Were Sold
In 30 - 90 Days
123 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Bay County are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 335 homes were sold in Bay County; 31% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 37% of homes were sold over 90 days.
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