Is Bonita Springs, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bonita Springs is a buyer's market

Buyer's
Market

Difference Since February 2023

Since last year, Bonita Springs has remained a Buyer's 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

$617,242

$343/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$107,242(+21.0%)

Key Takeaway

Homes in Bonita Springs have sold for 21% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $368.7K$252.5K
-31.5%
2 $425K$441K
+3.8%
3 $610K$675K
+10.7%
4 $799K$1.0M
+25.8%
5+ $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
+21.0%
Estero
+16.7%
Immokalee
+16.5%
Estero Island
+0.7%

Housing Supply in Bonita Springs, FL

How many homes are available in Bonita Springs, FL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1,0781,222+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

# BEDSJan 2024Feb 2024CHANGE
1 2626
0.0%
2 319375
+17.6%
3 536596
+11.2%
4 156179
+14.7%
5+ 4146
+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 2024Feb 2024CHANGE
80101+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bonita Springs, you may be able to get a good deal. 81.2% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
34 Days79 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

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Bonita Springs has remained consistent over time.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 18 Days Ago

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