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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Boca Ciega Bay is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Boca Ciega Bay was a Seller's Market.

Key Takeaway

Boca Ciega Bay 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 Bay, FL

How much do homes in Boca Ciega Bay, FL cost?

Median Sold Price

$347,000

$288/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$8,000(-2.3%)

Key Takeaway

Homes in Boca Ciega Bay have sold for 2.3% less than they did a year ago.

Summary: The median home sold price in Boca Ciega Bay was $347,000 in November 2024, down 2.3% from last year, and the median price per square foot was $288.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $210K$205K
-2.4%
2 $365K$339.5K
-7.0%
3 $602K$490K
-18.6%
4 -$370K
N/A
5+ $877.5K$645K
-26.5%

Summary: Boca Ciega Bay housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.4%, 2 bedroom homes decreased by 7%, 3 bedroom homes decreased by 18.6%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 26.5%.

Median Sold Price Compared To Nearby Neighborhoods

Williamsdale Square
+1.5%
Boca Ciega Bay
-2.3%

Housing Supply in Boca Ciega Bay, FL

How many homes are available in Boca Ciega Bay, FL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3839+2.6%

Summary: The Boca Ciega Bay real estate market had 39 homes for sale in November 2024, a 2.6% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 98
-11.1%
2 2224
+9.1%
3 53
-40.0%
4 24
+100.0%
5+ 00
0.0%

Summary: The Boca Ciega Bay housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.1%, 2 bedroom homes increased by 9.1%, 3 bedroom homes decreased by 40%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
660.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Boca Ciega Bay, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Boca Ciega Bay in November 2024, the same as the previous month. Of the 6 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for Boca Ciega Bay, FL

How long does it take to sell a home in Boca Ciega Bay, FL?

Average Sale Time

Nov 2023Nov 2024CHANGE
66 Days98 Days+47.4%

Summary: Homes in Boca Ciega Bay had an average of 98 days on market in Nov 2024, up by 47.4% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Boca Ciega Bay are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 6 homes were sold in Boca Ciega Bay; 33% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 50% 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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