Is Lynn Haven, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Lynn Haven has remained a Seller's Market.
Key Takeaway
Lynn Haven is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lynn Haven, FL
How much do homes in Lynn Haven, FL cost?
Median Sold Price
$350,356
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
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 $350,356 in May 2024, up 4% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $85K | - | N/A |
| 2 Bedrooms | $210K | $225K | +7.1% |
| 3 Bedrooms | $290K | $315K | +8.6% |
| 4 Bedrooms | $375K | $374.9K | 0% |
| 5+ Bedrooms | $497.4K | $489K | -1.7% |
Summary: Lynn Haven 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 7.1%, 3 bedroom homes increased by 8.6%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 1.7%.
Median Sold Price Compared To Nearby Cities
| Lynn Haven | $337K | $350.3K | +4.0% |
| Panama City | $340.3K | $348.8K | +2.5% |
| Southport | $470.8K | $475K | +0.9% |
Housing Supply in Lynn Haven, FL
How many homes are available in Lynn Haven, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 169 | 169 | 0.0% |
Summary: The Lynn Haven real estate market had 169 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 7 | +40.0% |
| 3 Bedrooms | 87 | 80 | -8.0% |
| 4 Bedrooms | 68 | 69 | +1.5% |
| 5+ Bedrooms | 9 | 13 | +44.4% |
Summary: The Lynn Haven 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 40%, 3 bedroom homes decreased by 8%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 44.4%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 31 | 34 | +9.7% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
8 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. 67.6% of homes here sold below asking price last month.
Summary: A total of 34 homes were sold or pending in Lynn Haven in May 2024, up by 9.7% month-over-month. Of the 34 sold homes, 68% were sold under asking, 24% were sold at asking, and 9% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 57 Days | 46 Days | -18.7% |
Summary: Homes in Lynn Haven had an average of 46 days on market in May 2024, down by 18.7% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Lynn Haven has remained consistent over time.
Summary: During May 2024, 34 homes were sold in Lynn Haven; 38% of homes were sold within 30 days, 53% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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Listings courtesy of Stellar MLS as distributed by MLS GRID.
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