Is Gulf County, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Gulf County was a Seller's Market.
Housing Prices in Gulf County, FL
How much do homes in Gulf County, FL cost?
Median Sold Price
$477,279
$255/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Gulf County was $477,279 in May 2024, down 4.2% from last year, and the median price per square foot was $255.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $361K | N/A |
2 Bedrooms | $275K | $351K | +27.7% |
3 Bedrooms | $372.5K | $450K | +20.8% |
4 Bedrooms | $510.5K | $486K | -4.8% |
5+ Bedrooms | $536K | $1.1M | +105.2% |
Summary: Gulf County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 27.7%, 3 bedroom homes increased by 20.8%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes increased by 105.2%.
Median Sold Price Compared To Nearby Counties
Calhoun County | $192K | $240K | +25.0% |
Liberty County | $199K | $215.2K | +8.2% |
Bay County | $399.5K | $399.7K | 0.0% |
Gulf County | $498.3K | $477.2K | -4.2% |
Housing Supply in Gulf County, FL
How many homes are available in Gulf County, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
173 | 196 | +13.3% |
Summary: The Gulf County real estate market had 196 homes for sale in May 2024, a 13.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 10 | 13 | +30.0% |
3 Bedrooms | 70 | 81 | +15.7% |
4 Bedrooms | 65 | 72 | +10.8% |
5+ Bedrooms | 24 | 26 | +8.3% |
Summary: The Gulf County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 30%, 3 bedroom homes increased by 15.7%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 16 | +33.3% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Gulf County in May 2024, up by 33.3% month-over-month. Of the 16 sold homes, 88% were sold under asking, 13% were sold at asking, and 0% were sold over asking.
Days on Market for Gulf County, FL
How long does it take to sell a home in Gulf County, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
98 Days | 115 Days | +16.8% |
Summary: Homes in Gulf County had an average of 115 days on market in May 2024, up by 16.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During May 2024, 16 homes were sold in Gulf County; 13% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.