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 November 2021

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.

How much do homes in Pine Island, FL cost?

Median Sold Price

$500,000

$365/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$91,000(+22.2%)

Key Takeaway

Homes in Pine Island have sold for 22.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $196.5K$164.9K
-16.1%
2 $345K$452.5K
+31.2%
3 $453K$620K
+36.9%
4 $485K$427.5K
-11.9%
5+ $637.4K$752.5K
+18.0%

Median Sold Price Compared To Nearby Cities

Cape Coral
+24.2%
Pine Island
+22.2%
Saint James City
+11.1%

How many homes are available in Pine Island, FL?

Number of Homes For Sale

Oct 2022Nov 2022%
4767+42.6%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 1928
+47.4%
3 1523
+53.3%
4 1214
+16.7%
5+ 12
+100.0%

Number of Homes Sold

Oct 2022Nov 2022%
16+500.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were 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. 50% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
43 Days21 Days-49.6%

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Pine Island are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Pine Island, FL

Pine Island, FL has 67 homes for sale to choose from. In November 2022 in Pine Island, FL there were 42.6% more homes for sale than in October 2022. In November 2022 median list price was $500,000 and the average listing age was 21 days. Real estate listing prices changed between October 2022 and November 2022: 1 bedroom properties became 16.1% more cheaper, prices of 2 bedrooms properties increased by 31.2%, prices of 3 bedrooms properties went up by 36.9%, 4 bedrooms properties prices decreased by 11.9%, 5 bedrooms properties prices increased by 18%. Housing inventory have changed in this real estate market: 1 bedroom homes did not move, the quantity of 2 bedrooms homes went up by 47.4%, number of 3 bedrooms homes increased by 53.3%, the quantity of 4 bedrooms homes went up by 16.7%, the quantity of 5 bedrooms homes went up by 100%. In November 2022, from all listings sold in Pine Island, FL there were more than 0 sold above asking price, over 3 sold below and more than 3 were sold right at the asked price.

Related Housing Market Reports