$2,374 Closing Credit*
$199,900
1,296 SqFt
3 Beds
•2 Full Baths
Listing Office: Panhandle Realty LLC
Is Chipley, 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, Chipley was a Seller's Market.
Key Takeaway
Chipley is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Chipley, FL
How much do homes in Chipley, FL cost?
Median Sold Price
$234,990
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$6,260(-2.6%)
Key Takeaway
Homes in Chipley have sold for 2.6% less than they did a year ago.
Summary: The median home sold price in Chipley was $234,990 in November 2024, down 2.6% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $83.5K | $77.4K | -7.2% |
| 2 Bedrooms | $140K | $183K | +30.7% |
| 3 Bedrooms | $245K | $220K | -10.2% |
| 4 Bedrooms | $265K | $245.9K | -7.2% |
| 5+ Bedrooms | $580.4K | $502K | -13.5% |
Summary: Chipley housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.2%, 2 bedroom homes increased by 30.7%, 3 bedroom homes decreased by 10.2%, 4 bedroom homes decreased by 7.2%, and 5+ bedroom homes decreased by 13.5%.
Housing Supply in Chipley, FL
How many homes are available in Chipley, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 97 | 108 | +11.3% |
Summary: The Chipley real estate market had 108 homes for sale in November 2024, a 11.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 15 | 16 | +6.7% |
| 3 Bedrooms | 60 | 63 | +5.0% |
| 4 Bedrooms | 15 | 20 | +33.3% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Chipley 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 6.7%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 16 | +60.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chipley, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Chipley in November 2024, up by 60.0% month-over-month. Of the 16 sold homes, 50% were sold under asking, 31% were sold at asking, and 19% were sold over asking.
Days on Market for Chipley, FL
How long does it take to sell a home in Chipley, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 41 Days | 61 Days | +47.2% |
Summary: Homes in Chipley had an average of 61 days on market in Nov 2024, up by 47.2% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chipley are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 16 homes were sold in Chipley; 50% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.
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