Is Pine Island, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Pine Island was a Seller's 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
$473,880
$369/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Pine Island have sold for 6.6% less than they did a year ago.
Summary: The median home sold price in Pine Island was $473,880 in April 2024, down 6.6% from last year, and the median price per square foot was $369.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $158.5K | $260K | +64.0% |
| 2 Bedrooms | $460K | $399.5K | -13.2% |
| 3 Bedrooms | $589.9K | $632.5K | +7.2% |
| 4 Bedrooms | $470K | $612.5K | +30.3% |
| 5+ Bedrooms | $587.2K | $1.4M | +146.9% |
Summary: Pine Island housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 64%, 2 bedroom homes decreased by 13.2%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 30.3%, and 5+ bedroom homes increased by 146.9%.
Median Sold Price Compared To Nearby Cities
| Saint James City | $523.7K | $567.4K | +8.4% |
| Cape Coral | $410K | $398.8K | -2.7% |
| Pine Island | $507.6K | $473.8K | -6.6% |
| Bokeelia | $460K | $410K | -10.9% |
| Boca Grande | $3.9M | $3.2M | -16.6% |
Housing Supply in Pine Island, FL
How many homes are available in Pine Island, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 237 | 246 | +3.8% |
Summary: The Pine Island real estate market had 246 homes for sale in April 2024, a 3.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 101 | 100 | -1.0% |
| 3 Bedrooms | 106 | 117 | +10.4% |
| 4 Bedrooms | 21 | 20 | -4.8% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Pine Island housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 1%, 3 bedroom homes increased by 10.4%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 37 | 22 | -40.5% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pine Island, you may be able to get a good deal. 81.8% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in Pine Island in April 2024, down by 40.5% month-over-month. Of the 22 sold homes, 82% were sold under asking, 18% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 27 Days | 62 Days | +123.0% |
Summary: Homes in Pine Island had an average of 62 days on market in Apr 2024, up by 123% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Pine Island has remained consistent over time.
Summary: During April 2024, 22 homes were sold in Pine Island; 36% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
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