Is Bonita Springs, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Bonita Springs has remained a Buyer's Market.
Housing Prices in Bonita Springs, FL
How much do homes in Bonita Springs, FL cost?
Median Sold Price
$617,242
$343/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Bonita Springs was $617,242 in February 2024, up 21% from last year, and the median price per square foot was $343.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $368.7K | $252.5K | -31.5% |
2 Bedrooms | $425K | $441K | +3.8% |
3 Bedrooms | $610K | $675K | +10.7% |
4 Bedrooms | $799K | $1.0M | +25.8% |
5+ Bedrooms | $685K | $3.2M | +374.5% |
Summary: Bonita Springs housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31.5%, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 25.8%, and 5+ bedroom homes increased by 374.5%.
Median Sold Price Compared To Nearby Cities
Bonita Springs | $510K | $617.2K | +21.0% |
Estero | $455K | $531.1K | +16.7% |
Immokalee | $479.5K | $558.5K | +16.5% |
Estero Island | $736.6K | $742K | +0.7% |
Housing Supply in Bonita Springs, FL
How many homes are available in Bonita Springs, FL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
1,078 | 1,222 | +13.4% |
Summary: The Bonita Springs real estate market had 1,222 homes for sale in February 2024, a 13.4% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 26 | 26 | 0.0% |
2 Bedrooms | 319 | 375 | +17.6% |
3 Bedrooms | 536 | 596 | +11.2% |
4 Bedrooms | 156 | 179 | +14.7% |
5+ Bedrooms | 41 | 46 | +12.2% |
Summary: The Bonita Springs housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 17.6%, 3 bedroom homes increased by 11.2%, 4 bedroom homes increased by 14.7%, and 5+ bedroom homes increased by 12.2%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
80 | 101 | +26.3% |
Asking Price vs. Sold Price
82 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 101 homes were sold or pending in Bonita Springs in February 2024, up by 26.3% month-over-month. Of the 101 sold homes, 81% were sold under asking, 14% were sold at asking, and 5% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
34 Days | 79 Days | +130.6% |
Summary: Homes in Bonita Springs had an average of 79 days on market in Feb 2024, up by 130.6% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
40 Homes Were Sold
In 30 - 90 Days
30 Homes Were Sold
Over 90 Days
Summary: During February 2024, 101 homes were sold in Bonita Springs; 31% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.