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 November 2022
At the same time last year, Grove City-Rotonda was a Neutral 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
$386,482
$238/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Grove City-Rotonda have sold for 5.6% less than they did a year ago.
Summary: The median home sold price in Grove City-Rotonda was $386,482 in November 2023, down 5.6% from last year, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $195K | $177K | -9.2% |
| 2 Bedrooms | $315.1K | $275K | -12.7% |
| 3 Bedrooms | $430.9K | $424.9K | -1.4% |
| 4 Bedrooms | $510.4K | $419.7K | -17.8% |
| 5+ Bedrooms | $649K | $555K | -14.5% |
Summary: Grove City-Rotonda housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 9.2%, 2 bedroom homes decreased by 12.7%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes decreased by 17.8%, and 5+ bedroom homes decreased by 14.5%.
Median Sold Price Compared To Nearby Cities
| Placida | $676.2K | $817.5K | +20.9% |
| Rotonda West | $430K | $435K | +1.2% |
| Grove City-Rotonda | $409.5K | $386.4K | -5.6% |
| Englewood | $398.2K | $368.3K | -7.5% |
Housing Supply in Grove City-Rotonda, FL
How many homes are available in Grove City-Rotonda, FL?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 1,021 | 1,143 | +11.9% |
Summary: The Grove City-Rotonda real estate market had 1,143 homes for sale in November 2023, a 11.9% increase compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 23 | 23 | 0.0% |
| 2 Bedrooms | 238 | 261 | +9.7% |
| 3 Bedrooms | 578 | 650 | +12.5% |
| 4 Bedrooms | 156 | 182 | +16.7% |
| 5+ Bedrooms | 26 | 27 | +3.8% |
Summary: The Grove City-Rotonda housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 3.8%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 116 | 102 | -12.1% |
Asking Price vs. Sold Price
74 Homes Were Sold
Under Asking
24 Homes Were Sold
At Asking
4 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. 72.5% of homes here sold below asking price last month.
Summary: A total of 102 homes were sold or pending in Grove City-Rotonda in November 2023, down by 12.1% month-over-month. Of the 102 sold homes, 73% were sold under asking, 24% were sold at asking, and 4% 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
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 35 Days | 72 Days | +102.8% |
Summary: Homes in Grove City-Rotonda had an average of 72 days on market in Nov 2023, up by 102.8% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
39 Homes Were Sold
In 30 - 90 Days
28 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Grove City-Rotonda has remained consistent over time.
Summary: During November 2023, 102 homes were sold in Grove City-Rotonda; 34% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
Copyright 2023 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
The data relating to real estate for sale on this website comes in part from the Southwest Florida Multiple Listing Service. The information being provided is for consumers` personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information has not been verified, is not guaranteed, and is subject to change. Real estate listings held by other brokerage firms other are marked with the IDX logo and detailed information about them includes the name of the listing brokers.
© 2023 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
All listings featuring the BMLS logo are provided by BeachesMLS, Inc. Copyright 2023 BeachesMLS, Inc. 
Copyright © 2023 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Brevard Multiple Listing Service. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.