Is Boca Ciega, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Boca Ciega is a neutral's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Boca Ciega was a Seller's Market.

Key Takeaway

Boca Ciega is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Boca Ciega, FL

How much do homes in Boca Ciega, FL cost?

Median Sold Price

$462,825

$320/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$9,955(-2.1%)

Key Takeaway

Homes in Boca Ciega have sold for 2.1% less than they did a year ago.

Summary: The median home sold price in Boca Ciega was $462,825 in March 2024, down 2.1% from last year, and the median price per square foot was $320.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $247.5K$210K
-15.2%
2 $378.2K$360.3K
-4.7%
3 $519.6K$531.8K
+2.3%
4 $665K$670.2K
+0.8%
5+ $1.0M$913.7K
-15.0%

Summary: Boca Ciega housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.2%, 2 bedroom homes decreased by 4.7%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes decreased by 15%.

Median Sold Price Compared To Nearby Cities

Seminole
+6.9%
Redington Shores
0.1%
Indian Shores
-0.7%
Boca Ciega
-2.1%
North Redington Beach
-13.9%

Housing Supply in Boca Ciega, FL

How many homes are available in Boca Ciega, FL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
848928+9.4%

Summary: The Boca Ciega real estate market had 928 homes for sale in March 2024, a 9.4% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 7087
+24.3%
2 381402
+5.5%
3 282313
+11.0%
4 96103
+7.3%
5+ 1923
+21.1%

Summary: The Boca Ciega housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 24.3%, 2 bedroom homes increased by 5.5%, 3 bedroom homes increased by 11%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 21.1%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
114134+17.5%

Asking Price vs. Sold Price

111 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Boca Ciega, you may be able to get a good deal. 82.8% of homes here sold below asking price last month.

Summary: A total of 134 homes were sold or pending in Boca Ciega in March 2024, up by 17.5% month-over-month. Of the 134 sold homes, 83% were sold under asking, 8% were sold at asking, and 9% were sold over asking.

Days on Market for Boca Ciega, FL

How long does it take to sell a home in Boca Ciega, FL?

Average Sale Time

Mar 2023Mar 2024CHANGE
42 Days63 Days+49.6%

Summary: Homes in Boca Ciega had an average of 63 days on market in Mar 2024, up by 49.6% compared to last year.

Breakdown of Home Sale Times

64 Homes Were Sold
Under 30 Days

34 Homes Were Sold
In 30 - 90 Days

36 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Boca Ciega are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 134 homes were sold in Boca Ciega; 48% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 24 Days Ago

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