Is Boca Ciega, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Boca Ciega is a neutral's market

Buyer's
Market

Difference Since November 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

$492,423

$329/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$23,773(+5.1%)

Key Takeaway

Homes in Boca Ciega have sold for 5.1% more than they did a year ago.

Summary: The median home sold price in Boca Ciega was $492,423 in November 2024, up 5.1% from last year, and the median price per square foot was $329.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $185K$205K
+10.8%
2 $375.3K$364.4K
-2.9%
3 $542.5K$555.4K
+2.4%
4 $650K$680K
+4.6%
5+ $931.2K$950K
+2.0%

Summary: Boca Ciega housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.8%, 2 bedroom homes decreased by 2.9%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes increased by 2%.

Median Sold Price Compared To Nearby Cities

Indian Shores
+23.7%
North Redington Beach
+11.9%
Seminole
+9.9%
Boca Ciega
+5.1%
Redington Shores
-12.4%

Housing Supply in Boca Ciega, FL

How many homes are available in Boca Ciega, FL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
648724+11.7%

Summary: The Boca Ciega real estate market had 724 homes for sale in November 2024, a 11.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 5565
+18.2%
2 279294
+5.4%
3 235265
+12.8%
4 6483
+29.7%
5+ 1517
+13.3%

Summary: The Boca Ciega housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 18.2%, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 29.7%, and 5+ bedroom homes increased by 13.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
80105+31.3%

Asking Price vs. Sold Price

72 Homes Were Sold
Under Asking

21 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Boca Ciega, you may be able to get a good deal. 68.6% of homes here sold below asking price last month.

Summary: A total of 105 homes were sold or pending in Boca Ciega in November 2024, up by 31.3% month-over-month. Of the 105 sold homes, 69% were sold under asking, 20% were sold at asking, and 11% 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

Nov 2023Nov 2024CHANGE
44 Days66 Days+50.0%

Summary: Homes in Boca Ciega had an average of 66 days on market in Nov 2024, up by 50% compared to last year.

Breakdown of Home Sale Times

44 Homes Were Sold
Under 30 Days

26 Homes Were Sold
In 30 - 90 Days

35 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Boca Ciega are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 105 homes were sold in Boca Ciega; 42% 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

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