Is Jay, FL 32565 a buyer’s or seller’s market?
Jay 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.
More competitive than 17% of U.S. ZIP codes, and #322 of 796 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Jay housing market right now
In the three months ending August 31, 2026, 17% of homes in Jay, FL 32565 sold above their list price, the typical home went under contract in 91 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 24 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 7%, homes sold faster (144 days then) and the median sale price rose 3% to $319,762. Overall, Jay is more competitive than a year ago, so tougher for buyers.
Within Santa Rosa County, homes here sell more slowly than in any other ZIP code in the county, and sell more often over asking than in 83%. On our competition score, Jay ranks #322 of 796 FL ZIP codes with enough sales (score 23 out of 100).
Nearby, buyers who want less competition could look at Holt 32564 (0% sold over asking) or Milton 32583 (9% sold over asking).
Run the numbers for 32565
Nearby markets
Gulf Breeze 32563Seller’s market $221 /sq ftHolt 32564Seller’s market $252 /sq ftMilton 32570Balanced $172 /sq ftMilton 32571Seller’s market $179 /sq ft Browse all markets →Towns like Jay nearby
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Questions about Jay real estate
Is Jay a buyer’s or seller’s market?
A balanced market: there were 4.4 months of supply in Jay, FL 32565 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 Jay?
The typical home went under contract in 91 days in the latest three months.
Do homes in Jay sell over asking?
17% of homes sold above their original list price, and the typical sale closed at 95.9% of the list price.
What are property taxes in Jay?
About 0.57% of a home’s value a year in Santa Rosa County, or roughly $2,280 on a $400,000 home.
What is the median home price in Jay?
The median sale price was $319,762 in the three months ending August 31, 2026, about $200 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