Is Graceville, FL 32440 a buyer’s or seller’s market?
Graceville is a balanced market. With about 4.4 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Graceville housing market right now
In the three months ending August 31, 2026, 23% of homes in Graceville, FL 32440 sold above their list price, the typical home went under contract in 13 days and there were 4.4 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 13 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 10%, homes sold faster (46 days then) and the median sale price fell 3% to $134,842. Overall, Graceville is more competitive than a year ago, so tougher for buyers.
Within Jackson County, homes here sell faster than in any other ZIP code in the county, and sell more often over asking than in 70%.
Nearby, buyers who want less competition could look at Malone 32445 (0% sold over asking) or Grand Ridge 32442 (0% sold over asking).
Run the numbers for 32440
Nearby markets
Alford 32420Buyer’s market $145 /sq ftBascom 32423Balanced $154 /sq ftCampbellton 32426Buyer’s market $66 /sq ftCottondale 32431Buyer’s market $117 /sq ft Browse all markets →Towns like Graceville nearby
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Questions about Graceville real estate
Is Graceville a buyer’s or seller’s market?
A balanced market: there were 4.4 months of supply in Graceville, FL 32440 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Graceville?
The typical home went under contract in 13 days in the latest three months.
Do homes in Graceville sell over asking?
23% of homes sold above their original list price, and the typical sale closed at 96.3% of the list price.
What are property taxes in Graceville?
About 0.50% of a home’s value a year in Jackson County, or roughly $2,000 on a $400,000 home.
What is the median home price in Graceville?
The median sale price was $134,842 in the three months ending August 31, 2026, about $129 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology