Is Pine Island Ridge Country Club, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Pine Island Ridge Country Club has remained a Seller's Market.
Key Takeaway
Pine Island Ridge Country Club is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pine Island Ridge Country Club, FL
How much do homes in Pine Island Ridge Country Club, FL cost?
Median Sold Price
$275,000
$238/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Pine Island Ridge Country Club have sold for 10% more than they did a year ago.
Summary: The median home sold price in Pine Island Ridge Country Club was $275,000 in April 2024, up 10% from last year, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $165K | $187.4K | +13.6% |
| 2 Bedrooms | $247.5K | $270K | +9.1% |
| 3 Bedrooms | $277.5K | $290K | +4.5% |
| 4 Bedrooms | $770K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Pine Island Ridge Country Club housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.6%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 4.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Pine Island Ridge Country Club | $249.9K | $275K | +10.0% |
| Forest Ridge | $746K | $787.5K | +5.6% |
Housing Supply in Pine Island Ridge Country Club, FL
How many homes are available in Pine Island Ridge Country Club, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 40 | 47 | +17.5% |
Summary: The Pine Island Ridge Country Club real estate market had 47 homes for sale in April 2024, a 17.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 6 | +20.0% |
| 2 Bedrooms | 31 | 34 | +9.7% |
| 3 Bedrooms | 4 | 7 | +75.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Pine Island Ridge Country Club housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 75%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pine Island Ridge Country Club, you may be able to get a good deal. 87.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Pine Island Ridge Country Club in April 2024, up by 14.3% month-over-month. Of the 8 sold homes, 88% were sold under asking, 13% were sold at asking, and 0% were sold over asking.
Days on Market for Pine Island Ridge Country Club, FL
How long does it take to sell a home in Pine Island Ridge Country Club, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 21 Days | 68 Days | +211.5% |
Summary: Homes in Pine Island Ridge Country Club had an average of 68 days on market in Apr 2024, up by 211.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Pine Island Ridge Country Club has remained consistent over time.
Summary: During April 2024, 8 homes were sold in Pine Island Ridge Country Club; 13% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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