32404 — Bay County, Florida Market Snapshot
Housing market data for zip code 32404 in Bay County, Florida. Updated monthly with median prices, days on market, and more.
Market Sales Data
282 sales in 2026 (year to date)
Median Sale Price
$298,950
Days to Sell
71
Homes Sold
282
Inventory
450
Sale-to-List
98.5%
New Listings
384
Price/SqFt
$178
Pending Sales
326
Conforming Loan Available
Most homebuyers in 32404 can comfortably use conventional financing. The median home price of $298,950 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
With homes sitting for 71 days on average, 32404 favors buyers. There may be opportunities to negotiate below asking price or request seller concessions for closing costs or rate buydowns.
Sale-to-List Ratio
Homes are selling very close to asking price in 32404 (98.5% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 32404 can comfortably use conventional financing. The median home price of $298,950 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 32404 are set at the county level.
2026 Loan Limits — Bay County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $541,287 |
| 2 Units | $1,066,250 | $693,050 |
| 3 Units | $1,288,800 | $837,700 |
| 4 Units | $1,601,750 | $1,041,125 |
Affordability Snapshot — Zip 32404
To purchase the median home at $298,950 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $2,440.
Monthly Payment
$2,440
Income Required
$104,591
Principal & Interest
$1,842/mo
Down Payment (5%)
$14,948
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 32404.
Estimated Monthly Payment
$2,000
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