Jay
Housing Market
Median sale price $409,000, down 2.9% year over year, with homes going under contract in about 104 days, 10 homes on the market.
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Housing Market Analyst
Inventory sits at 20.0 months of supply — heavy by the 3-to-6-month balanced benchmark, and 12% of listed homes are already under contract. Prices are down 2.9% versus the prior year, but sellers are still collecting 97.8% of asking. Taken together, the data leans toward buyers — leverage is real for those ready to use it.
Who has leverage right now
Leverage scores are derived from the Momentum Score (supply, demand, speed, pricing power, and trend). Right now the data favors buyers.
- Prices — heavy supply keeps the pressure on sellers; softening is the path of least resistance.
- Inventory — tightening over the tracked window; watch whether that holds through the season.
- Negotiating power — buyers gain ground as 12% of inventory sits under contract.
- Mortgage sensitivity — at 4.0× income, this market is moderately sensitive to rate moves; rate relief tends to show up in demand here gradually.
Derived from current Jay data, not a prediction or guarantee. Markets move; talk to an agent before acting on any single reading.
The read on Jay
The median sale price across Jay currently stands at $409,000, down 2.9% from a year ago. Buyers are paying a median of $195 per square foot. The typical home goes under contract in about 104 days. Sellers are capturing 97.8% of their original asking price on average.
There are 10 active listings on the market, with 1 more already under contract. At the current sales pace that works out to 20.0 months of supply — a buyer-leaning market by the standard six-month benchmark. 18 homes closed here over the trailing 12 months.
Jay prices sit above the Santa Rosa County median by roughly 14%. Zillow's home value index for Santa Rosa County stands at $353,670. About 27% of listings county-wide have taken a price cut — a useful gauge of seller flexibility.
Weighing supply, demand, speed, pricing power, and trend together, the Momentum Score for Jay is 32 of 100 — soft market territory. This page recalculates every day as new MLS data lands, so the numbers above reflect the market as of August 31, 2026.
Where the market is heading
Home value trend · Santa Rosa County (Zillow ZHVI)
For-sale inventory · county (Zillow)
Daily active vs pending · Santa Rosa County (MLS)
Median price · daily recalculation
What’s driving Jay
Top inbound states: TX, AL, VA, CA. Movers arriving report ~$80,188 average income. Source: IRS SOI county-to-county migration, 2022-2023
876 Citizens policies in force in Santa Rosa County — the state-backed insurer of last resort. Budget insurance into any Santa Rosa purchase before you fall in love with a house. Source: Citizens Property Insurance, Detail by County, April 2026
1,929 single-family · 0 multi-family · 10.0 per 1,000 residents. Future supply pressure starts here. Source: U.S. Census Bureau, Building Permits Survey, 2025
The calls we’re making from today’s data
Buyers: ask for concessions — rate buydowns and repair credits are back on the table. Sellers: presentation and the first two weekends decide your outcome; price accordingly.
Generated from today’s data by Momentum’s analysis engine and reviewed on a rolling basis by our broker team.
How it stacks up across Santa Rosa County
| Market | Median | Active | Score | |
|---|---|---|---|---|
| Jay ← this page | $409K | 10 | 32 | |
| Milton | $308K | 173 | 61 | Open → |
| Gulf Breeze | $421K | 76 | 67 | Open → |
| Pace | $373K | 46 | 69 | Open → |
| Navarre | $400K | 26 | 56 | Open → |
Jay ZIP codes
Most active communities
Put this data to work
The questions people actually ask
Should I buy a house in Jay right now?
The data says conditions currently favor buyers in Jay — the Momentum Score reads 32/100 with 20.0 months of supply. For buyers that means preparation over hesitation: well-priced homes still move fast, but there is more room to negotiate than a year ago. The right timing always depends on your rate, your equity, and how long you plan to stay — not just the market.
Is Jay becoming more affordable?
Yes, modestly — the median sale price in Jay is $409,000, down 2.9% versus the prior year, while sellers still capture 97.8% of asking price. Softening prices plus normal-length marketing times mean affordability is improving at the margin, though financing costs matter more than list prices for most monthly payments.
How does Jay compare to the rest of Santa Rosa County?
Jay's median of $409,000 runs 14% above the county-wide median of $358,750, and homes here take 104 days to go under contract versus 60 county-wide.
Jay housing market FAQ
What is the median home price in Jay?
The median sale price in Jay is currently $409,000, down 2.9% from a year ago, based on MLS sales data updated August 31, 2026.
Is Jay a buyer's or seller's market right now?
The data currently favors buyers. Jay scores 32 of 100 on the Momentum Score, with 20.0 months of housing supply. Conditions change; this page updates daily.
How long do homes take to sell in Jay?
The typical home in Jay goes under contract in about 104 days, per current MLS data.
How many homes are for sale in Jay?
There are approximately 10 active listings in Jay as of August 31, 2026.
Are home prices in Jay rising or falling?
Median sale prices are down 2.9% year over year based on a rolling comparison of MLS sales.
Momentum agents use this intelligence every day to price listings and write winning offers across Jay. Talk through what the numbers mean for your move.
Every number on this page is computed directly from licensed Florida MLS feeds, recorded public sales, Zillow Research, and U.S. Census data — nothing is manually adjusted or estimated by hand. Medians use recorded closed sales; supply figures use live listing counts refreshed twice daily; the Momentum Score methodology is summarized .
Analyst oversight: Jon Brooks — Co-Founder, Momentum Realty · CEO, Momentum Research · Housing Market Analyst · methodology reviewed quarterly · Last data refresh: August 31, 2026 at 7:34 AM ET
Statistics on this page are computed automatically from licensed MLS feeds and public data sources (Zillow Research, U.S. Census Bureau) and summarized without manual review. Figures are estimates based on recent recorded activity, are deemed reliable but not guaranteed, and should be verified with a licensed agent before making decisions. This page does not constitute an appraisal or an automated valuation of any specific property. Momentum Realty is licensed in Florida and Georgia. Equal Housing Opportunity.