Jay Housing Market Report January 2025•Santa Rosa County, Florida

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Housing Prices in Jay, FL

How much do homes in Jay, FL cost?

Housing Market Conditions

Is Jay, 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

Jay is a Neutral Market

Difference Since January 2024

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

Insight

Jay is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

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.
$320,000$174/SqFt
+$47,010
+17.2%

Based on all homes sold in the last 12 months

Insight

Homes in Jay have sold for 17.2% more than they did a year ago.

Summary: The median home sold price in Jay was $320,000 in January 2025, up 17.2% from last year, and the median price per square foot was $174.

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.
BedsJan 2024Jan 2025Change YoY
1$175K-
N/A
2$168.4K$189.9K
+12.7%
3$249.9K$300K
+20.0%
4$288.9K$422.4K
+46.2%
5$720K$847.4K
+17.7%

Summary: Jay housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +12.7%. The home price for 3 bedroom homes increased by +20.0%. The home price for 4 bedroom homes increased by +46.2%. The home price for 5 bedroom homes increased by +17.7%.

Housing supply in Jay, FL

How many homes are available in Jay, 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
40Last MonthJan 2025
392 months agoDec 2024
+2.6 %
Change MoMDec – Jan

Summary: The Jay real estate market had 40 homes for sale in Jan 2025, a 2.6 % increase compared to Dec 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
6Last MonthJan 2025
82 months agoDec 2024
-25.0 %
Change MoMDec – Jan

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.
BedsDec 2024Jan 2025Change MoM
100
0.0%
256
+20.0%
32221
-4.5%
41011
+10.0%
522
0.0%

Summary: Jay housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +20.0%. The inventory for 3 bedroom homes decreased by -4.5%. The inventory for 4 bedroom homes increased by +10.0%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Jay, 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 Price1 Home

At Asking Price3 Homes

Under Asking Price2 Homes

Insight

If you're buying a home in Jay, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 6 homes were sold or pending in Jay in January 2025, down by 25.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 50% were sold at asking, and and 17% were sold over asking.

Days on Market for Jay, FL

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

Breakdown of Home Sale Times

Under 30 Days2 Homes

30 – 90 Days2 Homes

Over 90 Days2 Homes

Insight

Many homes in Jay are selling fast, if you're buying plan to act quickly.

Summary: During January 2025, 6 homes were sold in Jay; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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
72 DaysThis YearJan 2025
77 Days1 year agoJan 2024
-6.8 %
Change YoYJan 2024 – Jan 2025

Summary: Homes in Jay had an average listing age of 72 days in Jan 2025, down by 6.8% compared to the previous year.

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Newest Listings in Jay, FL

What homes are available in Jay, FL?

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MLS Disclaimers and Copyright

Based on information from Pensacola MLS, for the period 02/01/2023 - 02/01/2025

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: 2/7/2025, 9:20:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.