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 June 2023
At the same time last year, Grove City-Rotonda was a Seller's Market.
Housing Prices in Grove City-Rotonda, FL
How much do homes in Grove City-Rotonda, FL cost?
Median Sold Price
$385,084
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Grove City-Rotonda was $385,084 in June 2024, down 3.7% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $245K | $168.5K | -31.2% |
2 Bedrooms | $280K | $285.5K | +2.0% |
3 Bedrooms | $437.1K | $419.5K | -4.0% |
4 Bedrooms | $430K | $420K | -2.3% |
5+ Bedrooms | $649K | $560K | -13.7% |
Summary: Grove City-Rotonda housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31.2%, 2 bedroom homes increased by 2%, 3 bedroom homes decreased by 4%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes decreased by 13.7%.
Median Sold Price Compared To Nearby Cities
Placida | $700K | $780K | +11.4% |
Englewood | $379.9K | $368.4K | -3.0% |
Grove City-Rotonda | $399.9K | $385K | -3.7% |
Rotonda West | $449.9K | $410K | -8.9% |
Boca Grande | $3.9M | $3.1M | -19.7% |
Housing Supply in Grove City-Rotonda, FL
How many homes are available in Grove City-Rotonda, FL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
1,347 | 1,351 | 0.3% |
Summary: The Grove City-Rotonda real estate market had 1,351 homes for sale in June 2024, a 0.3% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 21 | 20 | -4.8% |
2 Bedrooms | 328 | 320 | -2.4% |
3 Bedrooms | 750 | 763 | +1.7% |
4 Bedrooms | 214 | 213 | -0.5% |
5+ Bedrooms | 34 | 35 | +2.9% |
Summary: The Grove City-Rotonda housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 4.8%, 2 bedroom homes decreased by 2.4%, 3 bedroom homes increased by 1.7%, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes increased by 2.9%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
152 | 135 | -11.2% |
Asking Price vs. Sold Price
98 Homes Were Sold
Under Asking
29 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 135 homes were sold or pending in Grove City-Rotonda in June 2024, down by 11.2% month-over-month. Of the 135 sold homes, 73% were sold under asking, 21% were sold at asking, and 6% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
42 Days | 100 Days | +137.9% |
Summary: Homes in Grove City-Rotonda had an average of 100 days on market in Jun 2024, up by 137.9% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
48 Homes Were Sold
In 30 - 90 Days
52 Homes Were Sold
Over 90 Days
Summary: During June 2024, 135 homes were sold in Grove City-Rotonda; 26% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 39% of homes were sold over 90 days.