32409 Housing Market Report February 2025•Bay County, Florida

hero building illustration for mobile

Housing Prices in 32409, FL

How much do homes in 32409, FL cost?

Housing Market Conditions

Is 32409, FL a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

32409 is a Buyer's Market

Difference Since February 2024

At the same time last year, 32409 was a Seller's Market.

Insight

32409 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$390,000$204/SqFt
-$4,750
-1.2%

Based on all homes sold in the last 12 months

Insight

Homes in 32409 have sold for 1.2% less than they did a year ago.

Summary: The median home sold price in 32409 was $390,000 in February 2025, down 1.2% from last year, and the median price per square foot was $204.

Median Sold Price By Zip Codes

Median Sold Price By Zip Codes
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
32409
-1.2%
32413
-7.3%
32428
-7.5%
32466
-7.8%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsFeb 2024Feb 2025Change YoY
1$246.2K$250K
+1.5%
2$370K$425K
+14.9%
3$325.7K$435K
+33.5%
4$405.8K$357.9K
-11.8%
5$395.3K$550K
+39.1%

Summary: 32409 housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes increased by +1.5%. The home price for 2 bedroom homes increased by +14.9%. The home price for 3 bedroom homes increased by +33.5%. The home price for 4 bedroom homes decreased by -11.8%. The home price for 5 bedroom homes increased by +39.1%.

Housing supply in 32409, FL

How many homes are available in 32409, FL?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
79Last MonthFeb 2025
752 months agoJan 2025
+5.3 %
Change MoMJan – Feb

Summary: The 32409 real estate market had 79 homes for sale in Feb 2025, a 5.3 % increase compared to Jan 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
11Last MonthFeb 2025
92 months agoJan 2025
+22.2 %
Change MoMJan – Feb

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsJan 2025Feb 2025Change MoM
101
+100.0%
224
+100.0%
32527
+8.0%
43738
+2.7%
5119
-18.2%

Summary: 32409 housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +100.0%. The inventory for 2 bedroom homes increased by +100.0%. The inventory for 3 bedroom homes increased by +8.0%. The inventory for 4 bedroom homes increased by +2.7%. The inventory for 5 bedroom homes decreased by -18.2%.

Asking Price vs. Sold Price

How much do homes in 32409, FL cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price0 Home

At Asking Price6 Homes

Under Asking Price5 Homes

Insight

If you're buying a home in 32409, expect to pay close to the asking price. 54.5% of homes here sold near the asking price last month.

Summary: A total of 11 homes were sold or pending in 32409 in February 2025, up by 22.2% month-over-month. Of the 11 sold homes, 45% were sold under asking, 55% were sold at asking, and and 0% were sold over asking.

Days on Market for 32409, FL

How long does it take to sell a home in 32409, FL?

Breakdown of Home Sale Times

Under 30 Days3 Homes

30 – 90 Days6 Homes

Over 90 Days2 Homes

Insight

Avg time on Rocket Homes in 32409 has remained consistent over time.

Summary: During February 2025, 11 homes were sold in 32409; 27% of homes were sold within 30 days, 55% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
67 DaysThis YearFeb 2025
95 Days1 year agoFeb 2024
-28.9 %
Change YoYFeb 2024 – Feb 2025

Summary: Homes in 32409 had an average listing age of 67 days in Feb 2025, down by 28.9% compared to the previous year.

Connect With An Agent

Local real estate agents are ready to help you find a home here

Sell My Home

Sell your home with an expert or get the job done on your own.

Get Approved

Get a customizable mortgage solution based on today's rates.

Newest Listings in 32409, FL

What homes are available in 32409, FL?

See More Listings

Nearby markets

Popular Cities with Homes for Sale in Florida

MLS Disclaimers and Copyright

Based on information from Central Panhandle Association of REALTORS® MLS, Emerald Coast MLS, and Capital Area Technology & REALTOR Services Inc. for the period 03/01/2023 - 03/01/2025

IDX 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© 2025 Central Panhandle Association of REALTORS.© All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/4/2025, 9:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX 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 2025. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/4/2025, 9:20:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
© 2025 Tallahassee Board of REALTORS®, Inc. All rights reserved.

The data relating to real estate on this web site comes in part from the IDX Program of the Tallahassee Board of REALTORS®, Inc. Information herein is believed to be accurate and timely, but no warranty as such is expressed or implied. 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. Information deemed reliable but not guaranteed. The broker providing this data believes it to be correct, but advises interested parties to confirm information before relying on it for a purchase decision.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/4/2025, 9:15:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.