Is Pine Island, 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, 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
$478,000
$370/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Pine Island have sold for 6.3% less than they did a year ago.
Summary: The median home sold price in Pine Island was $478,000 in March 2024, down 6.3% from last year, and the median price per square foot was $370.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160K | $245.5K | +53.4% |
| 2 Bedrooms | $455K | $405K | -11.0% |
| 3 Bedrooms | $584.9K | $648.5K | +10.9% |
| 4 Bedrooms | $440K | $610K | +38.6% |
| 5+ Bedrooms | $587.2K | $1.1M | +103.2% |
Summary: Pine Island housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 53.4%, 2 bedroom homes decreased by 11%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 38.6%, and 5+ bedroom homes increased by 103.2%.
Median Sold Price Compared To Nearby Cities
| Saint James City | $522.5K | $575K | +10.0% |
| Cape Coral | $414.4K | $399.1K | -3.7% |
| Pine Island | $510.2K | $478K | -6.3% |
| Bokeelia | $464.2K | $420K | -9.5% |
| Boca Grande | $3.9M | $3.4M | -12.3% |
Housing Supply in Pine Island, FL
How many homes are available in Pine Island, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 221 | 248 | +12.2% |
Summary: The Pine Island real estate market had 248 homes for sale in March 2024, a 12.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 4 | -33.3% |
| 2 Bedrooms | 89 | 105 | +18.0% |
| 3 Bedrooms | 103 | 110 | +6.8% |
| 4 Bedrooms | 18 | 24 | +33.3% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Pine Island 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 18%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 19 | 35 | +84.2% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
9 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. 74.3% of homes here sold below asking price last month.
Summary: A total of 35 homes were sold or pending in Pine Island in March 2024, up by 84.2% month-over-month. Of the 35 sold homes, 74% were sold under asking, 26% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 60 Days | 61 Days | +2.2% |
Summary: Homes in Pine Island had an average of 61 days on market in Mar 2024, up by 2.2% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Pine Island are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 35 homes were sold in Pine Island; 40% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 34% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
All listings featuring the BMLS logo are provided by BeachesMLS, Inc. Copyright 2024 BeachesMLS, Inc.