$4,156 Closing Credit*
$350,000
2,804 SqFt
2 Beds
•3 Full Baths
Kialea B Madden, Listing Office: Southern Choice Properties Llc
Is Bonifay, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Bonifay has remained a Buyer'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
$204,950
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$23,950(+13.2%)
Key Takeaway
Homes in Bonifay have sold for 13.2% more than they did a year ago.
Summary: The median home sold price in Bonifay was $204,950 in October 2024, up 13.2% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $115K | N/A |
| 2 Bedrooms | $149.9K | $135K | -9.9% |
| 3 Bedrooms | $183.5K | $211K | +15.0% |
| 4 Bedrooms | $215K | $246.5K | +14.7% |
| 5+ Bedrooms | $439.2K | $399K | -9.2% |
Summary: Bonifay housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 9.9%, 3 bedroom homes increased by 15%, 4 bedroom homes increased by 14.7%, and 5+ bedroom homes decreased by 9.2%.
Housing Supply in Bonifay, FL
How many homes are available in Bonifay, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 41 | 42 | +2.4% |
Summary: The Bonifay real estate market had 42 homes for sale in October 2024, a 2.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 27 | 29 | +7.4% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Bonifay housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 7.4%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 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. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Bonifay in October 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 34 Days | 213 Days | +526.5% |
Summary: Homes in Bonifay had an average of 213 days on market in Oct 2024, up by 526.5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Bonifay are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 1 homes were sold in Bonifay; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
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