$8,000
0.21 Acres
Land
Listing Office: Legacy Premier Agency
Is Gulf County, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$450,000
$255/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$39,900(-8.1%)
Key Takeaway
Homes in Gulf County have sold for 8.1% less than they did a year ago.
Summary: The median home sold price in Gulf County was $450,000 in November 2024, down 8.1% from last year, and the median price per square foot was $255.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $79K | $365.4K | +362.6% |
| 2 Bedrooms | $290K | $406K | +40.0% |
| 3 Bedrooms | $385K | $425.9K | +10.6% |
| 4 Bedrooms | $489.9K | $465.6K | -5.0% |
| 5+ Bedrooms | $534.2K | $1.1M | +105.9% |
Summary: Gulf County housing prices by bedroom type for November 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 10.6%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes increased by 105.9%.
Median Sold Price Compared To Nearby Counties
| Franklin County | $394K | $420K | +6.6% |
| Bay County | $401.8K | $398.6K | -0.8% |
| Gulf County | $489.9K | $450K | -8.1% |
Housing Supply in Gulf County, FL
How many homes are available in Gulf County, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 159 | 153 | -3.8% |
Summary: The Gulf County real estate market had 153 homes for sale in November 2024, a 3.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 22 | 24 | +9.1% |
| 3 Bedrooms | 62 | 57 | -8.1% |
| 4 Bedrooms | 50 | 46 | -8.0% |
| 5+ Bedrooms | 23 | 23 | 0.0% |
Summary: The Gulf County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 9.1%, 3 bedroom homes decreased by 8.1%, 4 bedroom homes decreased by 8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 16 | -15.8% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Gulf County, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Gulf County in November 2024, down by 15.8% month-over-month. Of the 15 sold homes, 67% were sold under asking, 27% were sold at asking, and 7% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 87 Days | 139 Days | +60.2% |
Summary: Homes in Gulf County had an average of 139 days on market in Nov 2024, up by 60.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
8 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 November 2024, 16 homes were sold in Gulf County; 19% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange program of Central Panhandle Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Properties subject to prior sale, change, withdrawal or rental. Copyright© 2024 Central Panhandle Association of REALTORS.© All Rights Reserved.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
All listings featuring the BMLS logo are provided by BeachesMLS, Inc. Copyright 2024 BeachesMLS, Inc.