$3,788 Closing Credit*
$319,000
1,200 SqFt
4 Beds
•2 Full Baths
Listing Office: CENTURY 21 Commander Realty
Is Lynn Haven, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Lynn Haven was a Seller's Market.
Key Takeaway
Lynn Haven 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 Lynn Haven, FL
How much do homes in Lynn Haven, FL cost?
Median Sold Price
$354,900
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$13,666(+4.0%)
Key Takeaway
Homes in Lynn Haven have sold for 4% more than they did a year ago.
Summary: The median home sold price in Lynn Haven was $354,900 in October 2024, up 4% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $215K | $225K | +4.7% |
| 3 Bedrooms | $299K | $315K | +5.4% |
| 4 Bedrooms | $375K | $406.9K | +8.5% |
| 5+ Bedrooms | $433K | $508K | +17.3% |
Summary: Lynn Haven 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 increased by 4.7%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 17.3%.
Median Sold Price Compared To Nearby Cities
| Lynn Haven | $341.2K | $354.9K | +4.0% |
| Southport | $426.9K | $435.1K | +1.9% |
| Panama City | $340.2K | $339.4K | -0.2% |
Housing Supply in Lynn Haven, FL
How many homes are available in Lynn Haven, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 156 | 154 | -1.3% |
Summary: The Lynn Haven real estate market had 154 homes for sale in October 2024, a 1.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 88 | 87 | -1.1% |
| 4 Bedrooms | 55 | 56 | +1.8% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Lynn Haven 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 16.7%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 24 | 0.0% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lynn Haven, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in Lynn Haven in October 2024, the same as the previous month. Of the 24 sold homes, 75% were sold under asking, 13% were sold at asking, and 13% were sold over asking.
Days on Market for Lynn Haven, FL
How long does it take to sell a home in Lynn Haven, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 61 Days | 57 Days | -7.5% |
Summary: Homes in Lynn Haven had an average of 57 days on market in Oct 2024, down by 7.5% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lynn Haven are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 24 homes were sold in Lynn Haven; 42% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 25% 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.