Is Grove City-Rotonda, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Grove City-Rotonda is a buyer's market

Buyer's
Market

Difference Since April 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

$386,572

$236/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$23,371(-5.7%)

Key Takeaway

Homes in Grove City-Rotonda have sold for 5.7% less than they did a year ago.

Summary: The median home sold price in Grove City-Rotonda was $386,572 in April 2024, down 5.7% from last year, and the median price per square foot was $236.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $247K$175K
-29.1%
2 $299.6K$279.7K
-6.6%
3 $447.9K$422.3K
-5.7%
4 $455K$419.2K
-7.9%
5+ $649K$560K
-13.7%

Summary: Grove City-Rotonda housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 29.1%, 2 bedroom homes decreased by 6.6%, 3 bedroom homes decreased by 5.7%, 4 bedroom homes decreased by 7.9%, and 5+ bedroom homes decreased by 13.7%.

Median Sold Price Compared To Nearby Cities

Placida
+21.6%
Englewood
-4.1%
Grove City-Rotonda
-5.7%
Rotonda West
-8.8%
Boca Grande
-16.6%

Housing Supply in Grove City-Rotonda, FL

How many homes are available in Grove City-Rotonda, FL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1,4181,479+4.3%

Summary: The Grove City-Rotonda real estate market had 1,479 homes for sale in April 2024, a 4.3% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 3634
-5.6%
2 378396
+4.8%
3 777808
+4.0%
4 191209
+9.4%
5+ 3632
-11.1%

Summary: The Grove City-Rotonda housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 5.6%, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes decreased by 11.1%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
144162+12.5%

Asking Price vs. Sold Price

127 Homes Were Sold
Under Asking

27 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Grove City-Rotonda, you may be able to get a good deal. 78.4% of homes here sold below asking price last month.

Summary: A total of 162 homes were sold or pending in Grove City-Rotonda in April 2024, up by 12.5% month-over-month. Of the 162 sold homes, 78% were sold under asking, 17% were sold at asking, and 5% 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

Apr 2023Apr 2024CHANGE
31 Days70 Days+126.9%

Summary: Homes in Grove City-Rotonda had an average of 70 days on market in Apr 2024, up by 126.9% compared to last year.

Breakdown of Home Sale Times

69 Homes Were Sold
Under 30 Days

40 Homes Were Sold
In 30 - 90 Days

53 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Grove City-Rotonda are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 162 homes were sold in Grove City-Rotonda; 43% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 33% 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 25 Days Ago

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