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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Boca Grande is a buyer's market

Buyer's
Market

Difference Since March 2023

Since last year, Boca Grande has remained a Buyer's Market.

Key Takeaway

Boca Grande is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Boca Grande, FL

How much do homes in Boca Grande, FL cost?

Median Sold Price

$3,465,525

$1,644/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$484,475(-12.3%)

Key Takeaway

Homes in Boca Grande have sold for 12.3% less than they did a year ago.

Summary: The median home sold price in Boca Grande was $3,465,525 in March 2024, down 12.3% from last year, and the median price per square foot was $1,644.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 -$1.2M
N/A
2 $2.2M$1.9M
-14.3%
3 $3.5M$3.5M
0.3%
4 $6.9M$5.8M
-14.6%
5+ $9.7M$13.0M
+33.8%

Summary: Boca Grande housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 0.3%, 4 bedroom homes decreased by 14.6%, and 5+ bedroom homes increased by 33.8%.

Median Sold Price Compared To Nearby Cities

Placida
+21.3%
Grove City-Rotonda
-9.1%
Boca Grande
-12.3%

Housing Supply in Boca Grande, FL

How many homes are available in Boca Grande, FL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
9096+6.7%

Summary: The Boca Grande real estate market had 96 homes for sale in March 2024, a 6.7% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 66
0.0%
2 2126
+23.8%
3 4141
0.0%
4 1313
0.0%
5+ 910
+11.1%

Summary: The Boca Grande housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 23.8%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 11.1%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
550.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Boca Grande, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Boca Grande in March 2024, the same as the previous month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.

Days on Market for Boca Grande, FL

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

Average Sale Time

Mar 2023Mar 2024CHANGE
26 Days37 Days+42.0%

Summary: Homes in Boca Grande had an average of 37 days on market in Mar 2024, up by 42% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 5 homes were sold in Boca Grande; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% 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 22 Days Ago

Newest Listings in Boca Grande, FL

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