Is Grove City-Rotonda, 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, Grove City-Rotonda was a Seller's Market.
Housing Prices in Grove City-Rotonda, FL
How much do homes in Grove City-Rotonda, FL cost?
Median Sold Price
$386,572
$236/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Grove City-Rotonda was $386,572 in April 2024, down 5.7% from last year, and the median price per square foot was $236.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $247K | $175K | -29.1% |
2 Bedrooms | $299.6K | $279.7K | -6.6% |
3 Bedrooms | $447.9K | $422.3K | -5.7% |
4 Bedrooms | $455K | $419.2K | -7.9% |
5+ Bedrooms | $649K | $560K | -13.7% |
Summary: Grove City-Rotonda housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 29.1%, 2 bedroom homes decreased by 6.6%, 3 bedroom homes decreased by 5.7%, 4 bedroom homes decreased by 7.9%, and 5+ bedroom homes decreased by 13.7%.
Median Sold Price Compared To Nearby Cities
Placida | $690K | $839K | +21.6% |
Englewood | $380.9K | $365.5K | -4.1% |
Grove City-Rotonda | $409.9K | $386.5K | -5.7% |
Rotonda West | $455K | $415K | -8.8% |
Boca Grande | $3.9M | $3.2M | -16.6% |
Housing Supply in Grove City-Rotonda, FL
How many homes are available in Grove City-Rotonda, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,418 | 1,479 | +4.3% |
Summary: The Grove City-Rotonda real estate market had 1,479 homes for sale in April 2024, a 4.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 36 | 34 | -5.6% |
2 Bedrooms | 378 | 396 | +4.8% |
3 Bedrooms | 777 | 808 | +4.0% |
4 Bedrooms | 191 | 209 | +9.4% |
5+ Bedrooms | 36 | 32 | -11.1% |
Summary: The Grove City-Rotonda housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 5.6%, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
144 | 162 | +12.5% |
Asking Price vs. Sold Price
127 Homes Were Sold
Under Asking
27 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 162 homes were sold or pending in Grove City-Rotonda in April 2024, up by 12.5% month-over-month. Of the 162 sold homes, 78% were sold under asking, 17% were sold at asking, and 5% were sold over asking.
Days on Market for Grove City-Rotonda, FL
How long does it take to sell a home in Grove City-Rotonda, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
31 Days | 70 Days | +126.9% |
Summary: Homes in Grove City-Rotonda had an average of 70 days on market in Apr 2024, up by 126.9% compared to last year.
Breakdown of Home Sale Times
69 Homes Were Sold
Under 30 Days
40 Homes Were Sold
In 30 - 90 Days
53 Homes Were Sold
Over 90 Days
Summary: During April 2024, 162 homes were sold in Grove City-Rotonda; 43% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.