Is Rotonda West, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Rotonda West was a Seller's Market.
Key Takeaway
Rotonda West is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Rotonda West, FL
How much do homes in Rotonda West, FL cost?
Median Sold Price
$410,634
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Rotonda West have sold for 8.8% less than they did a year ago.
Summary: The median home sold price in Rotonda West was $410,634 in May 2024, down 8.8% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $162.4K | $151K | -7.0% |
| 2 Bedrooms | $290K | $255.2K | -12.0% |
| 3 Bedrooms | $469K | $439.9K | -6.2% |
| 4 Bedrooms | $495K | $416.7K | -15.8% |
| 5+ Bedrooms | $664.5K | $560K | -15.7% |
Summary: Rotonda West housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7%, 2 bedroom homes decreased by 12%, 3 bedroom homes decreased by 6.2%, 4 bedroom homes decreased by 15.8%, and 5+ bedroom homes decreased by 15.7%.
Median Sold Price Compared To Nearby Cities
| Placida | $685K | $835K | +21.9% |
| Grove City-Rotonda | $404.7K | $384.9K | -4.9% |
| Rotonda West | $450.3K | $410.6K | -8.8% |
Housing Supply in Rotonda West, FL
How many homes are available in Rotonda West, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 386 | 382 | -1.0% |
Summary: The Rotonda West real estate market had 382 homes for sale in May 2024, a 1.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 8 | 0.0% |
| 2 Bedrooms | 49 | 49 | 0.0% |
| 3 Bedrooms | 277 | 268 | -3.2% |
| 4 Bedrooms | 49 | 52 | +6.1% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Rotonda West housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 3.2%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 48 | 43 | -10.4% |
Asking Price vs. Sold Price
39 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rotonda West, you may be able to get a good deal. 90.7% of homes here sold below asking price last month.
Summary: A total of 43 homes were sold or pending in Rotonda West in May 2024, down by 10.4% month-over-month. Of the 43 sold homes, 91% were sold under asking, 9% were sold at asking, and 0% were sold over asking.
Days on Market for Rotonda West, FL
How long does it take to sell a home in Rotonda West, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 42 Days | 94 Days | +119.9% |
Summary: Homes in Rotonda West had an average of 94 days on market in May 2024, up by 119.9% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rotonda West are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 43 homes were sold in Rotonda West; 35% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 35% of homes were sold over 90 days.
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