Housing in Callaway
Callaway's housing market is the most affordable in this Bay County cluster, but the most recent data shows real softening -- longer time on market and a modest price decline -- worth understanding alongside the low entry price.
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Learn moreThe lowest median price in this cluster, with disclosed source disagreement
Redfin's March 2026 reading put Callaway's median sale price at $270,000, down 1.8% year over year; a separate November 2025 reading cited $285,000, down 2.9% year over year -- sources agree the market is softening slightly but differ by about $15,000, per the base overview record. Either figure is the most affordable of the four places in this cluster.
Homes are taking notably longer to sell
The most recent data shows homes averaging 132 days on market, up from 91 a year earlier -- a real signal of softer demand worth disclosing alongside the low price, not a market that's simply cheap and otherwise identical to its Bay County neighbors, per the base overview record.
Standard Florida closing rules and the 2026 homestead exemption apply
Standard Florida closing costs run roughly 2%-5% of the purchase price, including the state's documentary stamp tax on the deed ($0.70 per $100 of sale price, customarily seller-paid). File for the homestead exemption promptly after closing on a primary residence -- a combined $51,411 for 2026 -- which also enrolls the property in the Save Our Homes assessed-value growth cap (2.7% for 2026) going forward.
Key takeaways
- Median sale price: $270,000 (Redfin, March 2026, down 1.8% YoY) to $285,000 (a separate November 2025 reading) -- the most affordable of the four Bay County places in this cluster under either figure.
- Homes are taking notably longer to sell (132 days vs. 91 a year earlier) -- a real softening signal, not just a low price with no tradeoff.
- Standard Florida closing costs (2%-5% of price) apply; the 2026 homestead exemption totals $51,411 with a 2.7% Save Our Homes cap.
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