Is Boca Ciega, 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, Boca Ciega was a Seller's Market.
Key Takeaway
Boca Ciega 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 Boca Ciega, FL
How much do homes in Boca Ciega, FL cost?
Median Sold Price
$476,586
$324/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Boca Ciega have sold for 0.6% more than they did a year ago.
Summary: The median home sold price in Boca Ciega was $476,586 in May 2024, up 0.6% from last year, and the median price per square foot was $324.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $234.5K | $210K | -10.4% |
| 2 Bedrooms | $375.6K | $365.3K | -2.7% |
| 3 Bedrooms | $519.6K | $550.2K | +5.9% |
| 4 Bedrooms | $630K | $680K | +7.9% |
| 5+ Bedrooms | $1.0M | $830K | -19.8% |
Summary: Boca Ciega housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.4%, 2 bedroom homes decreased by 2.7%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes decreased by 19.8%.
Median Sold Price Compared To Nearby Cities
| North Redington Beach | $950K | $1.1M | +20.8% |
| Seminole | $373.9K | $411.2K | +10.0% |
| Boca Ciega | $473.8K | $476.5K | +0.6% |
| Redington Shores | $750K | $737.5K | -1.7% |
| Indian Shores | $700K | $666.4K | -4.8% |
Housing Supply in Boca Ciega, FL
How many homes are available in Boca Ciega, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 933 | 957 | +2.6% |
Summary: The Boca Ciega real estate market had 957 homes for sale in May 2024, a 2.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 80 | 91 | +13.8% |
| 2 Bedrooms | 372 | 380 | +2.2% |
| 3 Bedrooms | 338 | 339 | 0.3% |
| 4 Bedrooms | 113 | 116 | +2.7% |
| 5+ Bedrooms | 30 | 31 | +3.3% |
Summary: The Boca Ciega housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 13.8%, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 0.3%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 3.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 164 | 151 | -7.9% |
Asking Price vs. Sold Price
103 Homes Were Sold
Under Asking
27 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Boca Ciega, you may be able to get a good deal. 68.2% of homes here sold below asking price last month.
Summary: A total of 151 homes were sold or pending in Boca Ciega in May 2024, down by 7.9% month-over-month. Of the 151 sold homes, 68% were sold under asking, 18% were sold at asking, and 14% were sold over asking.
Days on Market for Boca Ciega, FL
How long does it take to sell a home in Boca Ciega, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 41 Days | 52 Days | +28.6% |
Summary: Homes in Boca Ciega had an average of 52 days on market in May 2024, up by 28.6% compared to last year.
Breakdown of Home Sale Times
75 Homes Were Sold
Under 30 Days
45 Homes Were Sold
In 30 - 90 Days
31 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Boca Ciega are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 151 homes were sold in Boca Ciega; 50% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 21% 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.