Is Pine Island, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pine Island is a buyer's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Pine Island was a Neutral Market.

Key Takeaway

Pine Island is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Pine Island, FL

How much do homes in Pine Island, FL cost?

Median Sold Price

$507,500

$393/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$29,500(+6.2%)

Key Takeaway

Homes in Pine Island have sold for 6.2% more than they did a year ago.

Summary: The median home sold price in Pine Island was $507,500 in September 2024, up 6.2% from last year, and the median price per square foot was $393.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $231K$299K
+29.4%
2 $410K$417.5K
+1.8%
3 $588K$625K
+6.3%
4 $499K$607.5K
+21.7%
5+ $550K$1.4M
+163.6%

Summary: Pine Island housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.4%, 2 bedroom homes increased by 1.8%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 21.7%, and 5+ bedroom homes increased by 163.6%.

Median Sold Price Compared To Nearby Cities

Pine Island
+6.2%
Bokeelia
-2.3%
Cape Coral
-2.5%

Housing Supply in Pine Island, FL

How many homes are available in Pine Island, FL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
2022030.5%

Summary: The Pine Island real estate market had 203 homes for sale in September 2024, a 0.5% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 33
0.0%
2 7578
+4.0%
3 9993
-6.1%
4 2125
+19.0%
5+ 44
0.0%

Summary: The Pine Island housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 4%, 3 bedroom homes decreased by 6.1%, 4 bedroom homes increased by 19%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
1911-42.1%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pine Island, you may be able to get a good deal. 90.9% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Pine Island in September 2024, down by 42.1% month-over-month. Of the 11 sold homes, 91% were sold under asking, 9% were sold at asking, and 0% were sold over asking.

Days on Market for Pine Island, FL

How long does it take to sell a home in Pine Island, FL?

Average Sale Time

Sep 2023Sep 2024CHANGE
63 Days129 Days+104.2%

Summary: Homes in Pine Island had an average of 129 days on market in Sep 2024, up by 104.2% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Pine Island are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During September 2024, 11 homes were sold in Pine Island; 0% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 64% 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 30 Days Ago

Newest Listings in Pine Island, FL

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