Is Bokeelia, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Bokeelia was a Seller's Market.
Key Takeaway
Bokeelia is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Bokeelia, FL
How much do homes in Bokeelia, FL cost?
Median Sold Price
$410,000
$338/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Bokeelia have sold for 10.9% less than they did a year ago.
Summary: The median home sold price in Bokeelia was $410,000 in April 2024, down 10.9% from last year, and the median price per square foot was $338.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $158.5K | $229.5K | +44.8% |
| 2 Bedrooms | $395K | $380K | -3.8% |
| 3 Bedrooms | $582.4K | $554.5K | -4.8% |
| 4 Bedrooms | $649K | $615K | -5.2% |
| 5+ Bedrooms | $1.6M | $386K | -76.2% |
Summary: Bokeelia housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 44.8%, 2 bedroom homes decreased by 3.8%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes decreased by 5.2%, and 5+ bedroom homes decreased by 76.2%.
Median Sold Price Compared To Nearby Cities
| Saint James City | $523.7K | $567.4K | +8.4% |
| Sanibel Island | $974.1K | $1.0M | +2.7% |
| Captiva | $1.3M | $1.2M | -6.4% |
| Pine Island | $507.6K | $473.8K | -6.6% |
| Bokeelia | $460K | $410K | -10.9% |
Housing Supply in Bokeelia, FL
How many homes are available in Bokeelia, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 110 | 100 | -9.1% |
Summary: The Bokeelia real estate market had 100 homes for sale in April 2024, a 9.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 51 | 42 | -17.6% |
| 3 Bedrooms | 45 | 44 | -2.2% |
| 4 Bedrooms | 11 | 10 | -9.1% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Bokeelia housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 17.6%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 19 | 14 | -26.3% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bokeelia, you may be able to get a good deal. 78.6% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Bokeelia in April 2024, down by 26.3% month-over-month. Of the 14 sold homes, 79% were sold under asking, 21% were sold at asking, and 0% were sold over asking.
Days on Market for Bokeelia, FL
How long does it take to sell a home in Bokeelia, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 21 Days | 62 Days | +190.8% |
Summary: Homes in Bokeelia had an average of 62 days on market in Apr 2024, up by 190.8% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bokeelia are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 14 homes were sold in Bokeelia; 50% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
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