Is Bonita Springs, 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, Bonita Springs was a Seller's Market.
Key Takeaway
Bonita Springs 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 Bonita Springs, FL
How much do homes in Bonita Springs, FL cost?
Median Sold Price
$625,378
$347/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Bonita Springs have sold for 10.3% more than they did a year ago.
Summary: The median home sold price in Bonita Springs was $625,378 in April 2024, up 10.3% from last year, and the median price per square foot was $347.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $362.5K | $273.7K | -24.5% |
| 2 Bedrooms | $439K | $449K | +2.3% |
| 3 Bedrooms | $654.2K | $687.7K | +5.1% |
| 4 Bedrooms | $894.9K | $1.0M | +13.4% |
| 5+ Bedrooms | $1.7M | $2.7M | +56.2% |
Summary: Bonita Springs housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24.5%, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 13.4%, and 5+ bedroom homes increased by 56.2%.
Median Sold Price Compared To Nearby Cities
| Bonita Springs | $566.8K | $625.3K | +10.3% |
| Estero | $491.6K | $541K | +10.0% |
| Immokalee | $517.4K | $560.5K | +8.3% |
| Estero Island | $701.6K | $747K | +6.5% |
Housing Supply in Bonita Springs, FL
How many homes are available in Bonita Springs, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1,307 | 1,312 | 0.4% |
Summary: The Bonita Springs real estate market had 1,312 homes for sale in April 2024, a 0.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 30 | 37 | +23.3% |
| 2 Bedrooms | 373 | 382 | +2.4% |
| 3 Bedrooms | 654 | 645 | -1.4% |
| 4 Bedrooms | 209 | 206 | -1.4% |
| 5+ Bedrooms | 41 | 42 | +2.4% |
Summary: The Bonita Springs housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 23.3%, 2 bedroom homes increased by 2.4%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes increased by 2.4%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 172 | 194 | +12.8% |
Asking Price vs. Sold Price
164 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
11 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. 84.5% of homes here sold below asking price last month.
Summary: A total of 194 homes were sold or pending in Bonita Springs in April 2024, up by 12.8% month-over-month. Of the 194 sold homes, 85% were sold under asking, 10% were sold at asking, and 6% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 41 Days | 69 Days | +66.3% |
Summary: Homes in Bonita Springs had an average of 69 days on market in Apr 2024, up by 66.3% compared to last year.
Breakdown of Home Sale Times
86 Homes Were Sold
Under 30 Days
59 Homes Were Sold
In 30 - 90 Days
49 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 April 2024, 194 homes were sold in Bonita Springs; 44% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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