Bay County Housing Market Report December 2024•Bay County, Florida

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Housing Prices in Bay County, FL

How much do homes in Bay County, FL cost?

Housing Market Conditions

Is Bay County, 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

Bay County is a Buyer's Market

Difference Since December 2023

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

Insight

Bay County 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.
$396,982$243/SqFt
-$6,345
-1.6%

Based on all homes sold in the last 12 months

Insight

Homes in Bay County have sold for 1.6% less than they did a year ago.

Summary: The median home sold price in Bay County was $396,982 in December 2024, down 1.6% from last year, and the median price per square foot was $243.

Median Sold Price By City

Median Sold Price By City
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
Jackson County
+8.4%
Bay County
-1.6%
Washington County
-5.0%
Gulf County
-8.0%

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.
BedsDec 2023Dec 2024Change YoY
1$362K$337.5K
-6.8%
2$410.7K$380K
-7.5%
3$364.4K$350K
-4.0%
4$429.8K$440.6K
+2.5%
5$976.6K$1.1M
+15.5%

Summary: Bay County housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes decreased by -6.8%. The home price for 2 bedroom homes decreased by -7.5%. The home price for 3 bedroom homes decreased by -4.0%. The home price for 4 bedroom homes increased by +2.5%. The home price for 5 bedroom homes increased by +15.5%.

Housing supply in Bay County, FL

How many homes are available in Bay County, 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
3,270Last MonthDec 2024
3,3262 months agoNov 2024
-1.7 %
Change MoMNov – Dec

Summary: The Bay County real estate market had 3,270 homes for sale in Dec 2024, a 1.7 % decrease compared to Nov 2024.

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
359Last MonthDec 2024
3482 months agoNov 2024
+3.2 %
Change MoMNov – Dec

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.
BedsNov 2024Dec 2024Change MoM
1364364
0.0%
2746767
+2.8%
31,2481,219
-2.3%
4645600
-7.0%
5323320
-0.9%

Summary: Bay County housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +2.8%. The inventory for 3 bedroom homes decreased by -2.3%. The inventory for 4 bedroom homes decreased by -7.0%. The inventory for 5 bedroom homes decreased by -0.9%.

Asking Price vs. Sold Price

How much do homes in Bay County, 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 Price23 Homes

At Asking Price68 Homes

Under Asking Price268 Homes

Insight

If you're buying a home in Bay County, you may be able to get a good deal. 74.7% of homes here sold below asking price last month.

Summary: A total of 359 homes were sold or pending in Bay County in December 2024, up by 3.2% month-over-month. Of the 359 sold homes, 75% were sold under asking, 19% were sold at asking, and and 6% were sold over asking.

Days on Market for Bay County, FL

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

Breakdown of Home Sale Times

Under 30 Days117 Homes

30 – 90 Days99 Homes

Over 90 Days143 Homes

Insight

Most homes in Bay County are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During December 2024, 359 homes were sold in Bay County; 33% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 40% 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
93 DaysThis YearDec 2024
66 Days1 year agoDec 2023
+39.9 %
Change YoYDec 2023 – Dec 2024

Summary: Homes in Bay County had an average listing age of 93 days in Dec 2024, up by 39.9% compared to the previous year.

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Newest Listings in Bay County, FL

What homes are available in Bay County, FL?

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Nearby markets

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MLS Disclaimers and Copyright

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

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.
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Last updated on: 1/17/2025, 10:20:59 PM 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: 1/17/2025, 10:21:07 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Last updated on: 1/17/2025, 10:19:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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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: 1/17/2025, 10:16:05 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Copyright © 2025 by the Multiple Listing Service of the Pensacola Association of REALTORS® This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the Pensacola Association of REALTORS®. Florida recognizes single and transaction agency relationships. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 10:21:05 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.