Is Bonita Springs, 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, Bonita Springs was a Neutral Market.
Key Takeaway
Bonita Springs is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Bonita Springs, FL
How much do homes in Bonita Springs, FL cost?
Median Sold Price
$617,688
$343/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Bonita Springs have sold for 14.1% more than they did a year ago.
Summary: The median home sold price in Bonita Springs was $617,688 in March 2024, up 14.1% from last year, and the median price per square foot was $343.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $361.2K | $251K | -30.5% |
| 2 Bedrooms | $435K | $438.8K | +0.9% |
| 3 Bedrooms | $628.3K | $675K | +7.4% |
| 4 Bedrooms | $850K | $1.0M | +20.6% |
| 5+ Bedrooms | $1.5M | $2.6M | +73.3% |
Summary: Bonita Springs housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 30.5%, 2 bedroom homes increased by 0.9%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 20.6%, and 5+ bedroom homes increased by 73.3%.
Median Sold Price Compared To Nearby Cities
| Bonita Springs | $541.2K | $617.6K | +14.1% |
| Estero | $475K | $537.3K | +13.1% |
| Immokalee | $494.9K | $560K | +13.1% |
| Estero Island | $717K | $750K | +4.6% |
Housing Supply in Bonita Springs, FL
How many homes are available in Bonita Springs, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1,239 | 1,307 | +5.5% |
Summary: The Bonita Springs real estate market had 1,307 homes for sale in March 2024, a 5.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 27 | 32 | +18.5% |
| 2 Bedrooms | 367 | 368 | 0.3% |
| 3 Bedrooms | 616 | 653 | +6.0% |
| 4 Bedrooms | 188 | 210 | +11.7% |
| 5+ Bedrooms | 41 | 44 | +7.3% |
Summary: The Bonita Springs housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 18.5%, 2 bedroom homes increased by 0.3%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes increased by 7.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 113 | 157 | +38.9% |
Asking Price vs. Sold Price
130 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bonita Springs, you may be able to get a good deal. 82.8% of homes here sold below asking price last month.
Summary: A total of 157 homes were sold or pending in Bonita Springs in March 2024, up by 38.9% month-over-month. Of the 157 sold homes, 83% were sold under asking, 13% were sold at asking, and 4% were sold over asking.
Days on Market for Bonita Springs, FL
How long does it take to sell a home in Bonita Springs, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 36 Days | 73 Days | +102.3% |
Summary: Homes in Bonita Springs had an average of 73 days on market in Mar 2024, up by 102.3% compared to last year.
Breakdown of Home Sale Times
60 Homes Were Sold
Under 30 Days
46 Homes Were Sold
In 30 - 90 Days
51 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bonita Springs are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 157 homes were sold in Bonita Springs; 38% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.