Is Bokeelia, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bokeelia is a neutral's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

Bokeelia 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 Bokeelia, FL

How much do homes in Bokeelia, FL cost?

Median Sold Price

$420,000

$341/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$44,250(-9.5%)

Key Takeaway

Homes in Bokeelia have sold for 9.5% less than they did a year ago.

Summary: The median home sold price in Bokeelia was $420,000 in March 2024, down 9.5% from last year, and the median price per square foot was $341.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $160K$157K
-1.9%
2 $375K$385K
+2.7%
3 $589.9K$559K
-5.2%
4 $649K$582.5K
-10.2%
5+ $1.6M$386K
-76.2%

Summary: Bokeelia housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.9%, 2 bedroom homes increased by 2.7%, 3 bedroom homes decreased by 5.2%, 4 bedroom homes decreased by 10.2%, and 5+ bedroom homes decreased by 76.2%.

Median Sold Price Compared To Nearby Cities

Saint James City
+10.0%
Pine Island
-6.3%
Sanibel Island
-6.4%
Bokeelia
-9.5%
Captiva
-26.4%

Housing Supply in Bokeelia, FL

How many homes are available in Bokeelia, FL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
106118+11.3%

Summary: The Bokeelia real estate market had 118 homes for sale in March 2024, a 11.3% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 32
-33.3%
2 4752
+10.6%
3 4649
+6.5%
4 913
+44.4%
5+ 12
+100.0%

Summary: The Bokeelia housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 10.6%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
819+137.5%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bokeelia, you may be able to get a good deal. 73.7% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in Bokeelia in March 2024, up by 137.5% month-over-month. Of the 19 sold homes, 74% were sold under asking, 26% 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

Mar 2023Mar 2024CHANGE
62 Days41 Days-33.5%

Summary: Homes in Bokeelia had an average of 41 days on market in Mar 2024, down by 33.5% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 19 homes were sold in Bokeelia; 47% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 11% 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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