$8,311 Closing Credit*
$699,900
2,160 SqFt
4 Beds
•3 Full Baths
Listing Office: Elite Realty
Is Bonifay, 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, Bonifay was a Seller's Market.
Key Takeaway
Bonifay is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Bonifay, FL
How much do homes in Bonifay, FL cost?
Median Sold Price
$199,450
$137/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$18,450(+10.2%)
Key Takeaway
Homes in Bonifay have sold for 10.2% more than they did a year ago.
Summary: The median home sold price in Bonifay was $199,450 in November 2024, up 10.2% from last year, and the median price per square foot was $137.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $80K | N/A |
| 2 Bedrooms | $142.9K | $150K | +4.9% |
| 3 Bedrooms | $186K | $204.9K | +10.2% |
| 4 Bedrooms | $200K | $246.5K | +23.3% |
| 5+ Bedrooms | $600K | $637K | +6.2% |
Summary: Bonifay housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 23.3%, and 5+ bedroom homes increased by 6.2%.
Housing Supply in Bonifay, FL
How many homes are available in Bonifay, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 44 | 48 | +9.1% |
Summary: The Bonifay real estate market had 48 homes for sale in November 2024, a 9.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 29 | 31 | +6.9% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Bonifay housing inventory by bedroom type for November 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 6.9%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 5 | +400.0% |
Asking Price vs. Sold Price
3 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 Bonifay, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Bonifay in November 2024, up by 400.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 46 Days | 99 Days | +113.7% |
Summary: Homes in Bonifay had an average of 99 days on market in Nov 2024, up by 113.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Bonifay has remained consistent over time.
Summary: During November 2024, 5 homes were sold in Bonifay; 20% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
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