Is Boca Ciega, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller'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
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
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $247.5K | $210K | -15.2% |
| 2 Bedrooms | $378.2K | $360.3K | -4.7% |
| 3 Bedrooms | $519.6K | $531.8K | +2.3% |
| 4 Bedrooms | $665K | $670.2K | +0.8% |
| 5+ Bedrooms | $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 | $373.6K | $399.4K | +6.9% |
| Redington Shores | $749K | $750K | 0.1% |
| Indian Shores | $675K | $670K | -0.7% |
| Boca Ciega | $472.7K | $462.8K | -2.1% |
| North Redington Beach | $1.1M | $990K | -13.9% |
Housing Supply in Boca Ciega, FL
How many homes are available in Boca Ciega, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 848 | 928 | +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
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 70 | 87 | +24.3% |
| 2 Bedrooms | 381 | 402 | +5.5% |
| 3 Bedrooms | 282 | 313 | +11.0% |
| 4 Bedrooms | 96 | 103 | +7.3% |
| 5+ Bedrooms | 19 | 23 | +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 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 114 | 134 | +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
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 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 42 Days | 63 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
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.
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