$10,000 Closing Credit*
$1,050,000
5,563 SqFt
6 Beds
•5 Full Baths, 1 Partial
Listing Office: Keller Williams Success Realty
Is Gulf County, 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, Gulf County has remained a Buyer's Market.
Key Takeaway
Gulf County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Gulf County, FL
How much do homes in Gulf County, FL cost?
Median Sold Price
$450,805
$255/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$39,095(-8.0%)
Key Takeaway
Homes in Gulf County have sold for 8% less than they did a year ago.
Summary: The median home sold price in Gulf County was $450,805 in October 2024, down 8% from last year, and the median price per square foot was $255.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $79K | $365.4K | +362.6% |
| 2 Bedrooms | $290K | $406K | +40.0% |
| 3 Bedrooms | $356.3K | $429.9K | +20.7% |
| 4 Bedrooms | $491.1K | $469.5K | -4.4% |
| 5+ Bedrooms | $532K | $1.1M | +106.7% |
Summary: Gulf County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 362.6%, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 20.7%, 4 bedroom homes decreased by 4.4%, and 5+ bedroom homes increased by 106.7%.
Median Sold Price Compared To Nearby Counties
| Bay County | $399.9K | $400K | 0.0% |
| Gulf County | $489.9K | $450.8K | -8.0% |
Housing Supply in Gulf County, FL
How many homes are available in Gulf County, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 154 | 153 | -0.6% |
Summary: The Gulf County real estate market had 153 homes for sale in October 2024, a 0.6% decrease 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 | 17 | 17 | 0.0% |
| 3 Bedrooms | 69 | 61 | -11.6% |
| 4 Bedrooms | 43 | 49 | +14.0% |
| 5+ Bedrooms | 23 | 24 | +4.3% |
Summary: The Gulf County 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 remained the same, 3 bedroom homes decreased by 11.6%, 4 bedroom homes increased by 14%, and 5+ bedroom homes increased by 4.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 20 | +66.7% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gulf County, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in Gulf County in October 2024, up by 66.7% month-over-month. Of the 20 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Gulf County, FL
How long does it take to sell a home in Gulf County, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 95 Days | 138 Days | +44.9% |
Summary: Homes in Gulf County had an average of 138 days on market in Oct 2024, up by 44.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Gulf County are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 20 homes were sold in Gulf County; 15% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 55% of homes were sold over 90 days.
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