Is Grove City-Rotonda, 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, Grove City-Rotonda was a Seller's Market.
Key Takeaway
Grove City-Rotonda is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Grove City-Rotonda, FL
How much do homes in Grove City-Rotonda, FL cost?
Median Sold Price
$380,824
$235/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Grove City-Rotonda have sold for 9.1% less than they did a year ago.
Summary: The median home sold price in Grove City-Rotonda was $380,824 in March 2024, down 9.1% from last year, and the median price per square foot was $235.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $300K | $175K | -41.7% |
| 2 Bedrooms | $310.1K | $275K | -11.3% |
| 3 Bedrooms | $450K | $424.9K | -5.6% |
| 4 Bedrooms | $460K | $409.1K | -11.1% |
| 5+ Bedrooms | $649K | $557.5K | -14.1% |
Summary: Grove City-Rotonda housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 41.7%, 2 bedroom homes decreased by 11.3%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes decreased by 14.1%.
Median Sold Price Compared To Nearby Cities
| Placida | $690K | $837K | +21.3% |
| Rotonda West | $451.6K | $419.4K | -7.1% |
| Englewood | $392.2K | $364K | -7.2% |
| Grove City-Rotonda | $419.1K | $380.8K | -9.1% |
| Boca Grande | $3.9M | $3.4M | -12.3% |
Housing Supply in Grove City-Rotonda, FL
How many homes are available in Grove City-Rotonda, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1,402 | 1,488 | +6.1% |
Summary: The Grove City-Rotonda real estate market had 1,488 homes for sale in March 2024, a 6.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 34 | 38 | +11.8% |
| 2 Bedrooms | 386 | 410 | +6.2% |
| 3 Bedrooms | 755 | 809 | +7.2% |
| 4 Bedrooms | 197 | 197 | 0.0% |
| 5+ Bedrooms | 30 | 34 | +13.3% |
Summary: The Grove City-Rotonda housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.8%, 2 bedroom homes increased by 6.2%, 3 bedroom homes increased by 7.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 13.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 134 | 137 | +2.2% |
Asking Price vs. Sold Price
105 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Grove City-Rotonda, you may be able to get a good deal. 76.6% of homes here sold below asking price last month.
Summary: A total of 137 homes were sold or pending in Grove City-Rotonda in March 2024, up by 2.2% month-over-month. Of the 137 sold homes, 77% were sold under asking, 15% were sold at asking, and 9% were sold over asking.
Days on Market for Grove City-Rotonda, FL
How long does it take to sell a home in Grove City-Rotonda, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 39 Days | 76 Days | +91.3% |
Summary: Homes in Grove City-Rotonda had an average of 76 days on market in Mar 2024, up by 91.3% compared to last year.
Breakdown of Home Sale Times
55 Homes Were Sold
Under 30 Days
34 Homes Were Sold
In 30 - 90 Days
48 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Grove City-Rotonda are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 137 homes were sold in Grove City-Rotonda; 40% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 35% of homes were sold over 90 days.
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