Is Bokeelia, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Bokeelia was a Seller's Market.
Key Takeaway
Bokeelia is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Bokeelia, FL
How much do homes in Bokeelia, FL cost?
Median Sold Price
$420,000
$341/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Bokeelia have sold for 9.5% less than they did a year ago.
Summary: The median home sold price in Bokeelia was $420,000 in March 2024, down 9.5% from last year, and the median price per square foot was $341.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160K | $157K | -1.9% |
| 2 Bedrooms | $375K | $385K | +2.7% |
| 3 Bedrooms | $589.9K | $559K | -5.2% |
| 4 Bedrooms | $649K | $582.5K | -10.2% |
| 5+ Bedrooms | $1.6M | $386K | -76.2% |
Summary: Bokeelia housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.9%, 2 bedroom homes increased by 2.7%, 3 bedroom homes decreased by 5.2%, 4 bedroom homes decreased by 10.2%, and 5+ bedroom homes decreased by 76.2%.
Median Sold Price Compared To Nearby Cities
| Saint James City | $522.5K | $575K | +10.0% |
| Pine Island | $510.2K | $478K | -6.3% |
| Sanibel Island | $1.0M | $990.7K | -6.4% |
| Bokeelia | $464.2K | $420K | -9.5% |
| Captiva | $1.4M | $1.0M | -26.4% |
Housing Supply in Bokeelia, FL
How many homes are available in Bokeelia, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 106 | 118 | +11.3% |
Summary: The Bokeelia real estate market had 118 homes for sale in March 2024, a 11.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 47 | 52 | +10.6% |
| 3 Bedrooms | 46 | 49 | +6.5% |
| 4 Bedrooms | 9 | 13 | +44.4% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Bokeelia housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 10.6%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 19 | +137.5% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bokeelia, you may be able to get a good deal. 73.7% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Bokeelia in March 2024, up by 137.5% month-over-month. Of the 19 sold homes, 74% were sold under asking, 26% were sold at asking, and 0% were sold over asking.
Days on Market for Bokeelia, FL
How long does it take to sell a home in Bokeelia, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 62 Days | 41 Days | -33.5% |
Summary: Homes in Bokeelia had an average of 41 days on market in Mar 2024, down by 33.5% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bokeelia are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 19 homes were sold in Bokeelia; 47% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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