$129,000
10.00 Acres
Land
Ranae Stewart, Listing Office: EXIT REALTY N. F. I.
Is Jay, 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, Jay was a Neutral Market.
Key Takeaway
Jay is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Jay, FL
How much do homes in Jay, FL cost?
Median Sold Price
$355,000
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$84,505(+31.2%)
Key Takeaway
Homes in Jay have sold for 31.2% more than they did a year ago.
Summary: The median home sold price in Jay was $355,000 in November 2024, up 31.2% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | - | N/A |
| 2 Bedrooms | $172K | $164.9K | -4.1% |
| 3 Bedrooms | $232.4K | $299.9K | +29.1% |
| 4 Bedrooms | $282.9K | $423.6K | +49.7% |
| 5+ Bedrooms | $672.9K | $539.9K | -19.8% |
Summary: Jay 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 decreased by 4.1%, 3 bedroom homes increased by 29.1%, 4 bedroom homes increased by 49.7%, and 5+ bedroom homes decreased by 19.8%.
Housing Supply in Jay, FL
How many homes are available in Jay, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 45 | 45 | 0.0% |
Summary: The Jay real estate market had 45 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 25 | 24 | -4.0% |
| 4 Bedrooms | 10 | 10 | 0.0% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Jay 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 decreased by 12.5%, 3 bedroom homes decreased by 4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Jay, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Jay in November 2024, up by 14.3% month-over-month. Of the 8 sold homes, 50% were sold under asking, 38% were sold at asking, and 13% were sold over asking.
Days on Market for Jay, FL
How long does it take to sell a home in Jay, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 43 Days | 62 Days | +44.5% |
Summary: Homes in Jay had an average of 62 days on market in Nov 2024, up by 44.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Jay has remained consistent over time.
Summary: During November 2024, 8 homes were sold in Jay; 13% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Information Deemed Reliable but not guaranteed. The information being provided is 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. All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright 2024. All rights reserved.