$6,708 Closing Credit*
$564,900
1,735 SqFt
3 Beds
•3 Full Baths
Steven Torres, Listing Office: JOHN R WOOD PROPERTIES
Is Grove City-Rotonda, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Grove City-Rotonda was a Neutral Market.
Key Takeaway
Grove City-Rotonda is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Grove City-Rotonda, FL
How much do homes in Grove City-Rotonda, FL cost?
Median Sold Price
$380,298
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$5,830(-1.5%)
Key Takeaway
Homes in Grove City-Rotonda have sold for 1.5% less than they did a year ago.
Summary: The median home sold price in Grove City-Rotonda was $380,298 in November 2024, down 1.5% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $177K | $303K | +71.2% |
| 2 Bedrooms | $275K | $280.1K | +1.9% |
| 3 Bedrooms | $424.9K | $414.5K | -2.5% |
| 4 Bedrooms | $416.9K | $400K | -4.1% |
| 5+ Bedrooms | $555K | $560K | +0.9% |
Summary: Grove City-Rotonda housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 71.2%, 2 bedroom homes increased by 1.9%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes increased by 0.9%.
Median Sold Price Compared To Nearby Cities
| Placida | $800K | $832.7K | +4.1% |
| Englewood | $368.1K | $374.8K | +1.8% |
| Grove City-Rotonda | $386.1K | $380.2K | -1.5% |
| Rotonda West | $431.4K | $401K | -7.1% |
| Boca Grande | $3.4M | $3.0M | -13.1% |
Housing Supply in Grove City-Rotonda, FL
How many homes are available in Grove City-Rotonda, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1,147 | 1,314 | +14.6% |
Summary: The Grove City-Rotonda real estate market had 1,314 homes for sale in November 2024, a 14.6% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 20 | 22 | +10.0% |
| 2 Bedrooms | 225 | 271 | +20.4% |
| 3 Bedrooms | 690 | 789 | +14.3% |
| 4 Bedrooms | 186 | 202 | +8.6% |
| 5+ Bedrooms | 26 | 30 | +15.4% |
Summary: The Grove City-Rotonda housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 20.4%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 15.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 91 | 75 | -17.6% |
Asking Price vs. Sold Price
52 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Grove City-Rotonda, you may be able to get a good deal. 69.3% of homes here sold below asking price last month.
Summary: A total of 75 homes were sold or pending in Grove City-Rotonda in November 2024, down by 17.6% month-over-month. Of the 75 sold homes, 69% were sold under asking, 23% were sold at asking, and 8% were sold over asking.
Days on Market for Grove City-Rotonda, FL
How long does it take to sell a home in Grove City-Rotonda, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 72 Days | 103 Days | +42.7% |
Summary: Homes in Grove City-Rotonda had an average of 103 days on market in Nov 2024, up by 42.7% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
34 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Grove City-Rotonda are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 75 homes were sold in Grove City-Rotonda; 29% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 45% of homes were sold over 90 days.
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