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 May 2023
At the same time last year, Grove City-Rotonda was a Seller's 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
$384,946
$235/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Grove City-Rotonda have sold for 4.9% less than they did a year ago.
Summary: The median home sold price in Grove City-Rotonda was $384,946 in May 2024, down 4.9% from last year, and the median price per square foot was $235.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $274.5K | $177K | -35.5% |
| 2 Bedrooms | $299K | $280.7K | -6.1% |
| 3 Bedrooms | $437.2K | $421.8K | -3.5% |
| 4 Bedrooms | $451K | $409.5K | -9.2% |
| 5+ Bedrooms | $649K | $560K | -13.7% |
Summary: Grove City-Rotonda housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 35.5%, 2 bedroom homes decreased by 6.1%, 3 bedroom homes decreased by 3.5%, 4 bedroom homes decreased by 9.2%, and 5+ bedroom homes decreased by 13.7%.
Median Sold Price Compared To Nearby Cities
| Placida | $685K | $835K | +21.9% |
| Englewood | $380.5K | $369K | -3.0% |
| Grove City-Rotonda | $404.7K | $384.9K | -4.9% |
| Rotonda West | $450.3K | $410.6K | -8.8% |
| Boca Grande | $4.0M | $3.1M | -20.9% |
Housing Supply in Grove City-Rotonda, FL
How many homes are available in Grove City-Rotonda, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1,376 | 1,420 | +3.2% |
Summary: The Grove City-Rotonda real estate market had 1,420 homes for sale in May 2024, a 3.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 28 | 26 | -7.1% |
| 2 Bedrooms | 343 | 342 | -0.3% |
| 3 Bedrooms | 779 | 797 | +2.3% |
| 4 Bedrooms | 196 | 219 | +11.7% |
| 5+ Bedrooms | 30 | 36 | +20.0% |
Summary: The Grove City-Rotonda housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 7.1%, 2 bedroom homes decreased by 0.3%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 172 | 143 | -16.9% |
Asking Price vs. Sold Price
116 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
5 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. 81.1% of homes here sold below asking price last month.
Summary: A total of 143 homes were sold or pending in Grove City-Rotonda in May 2024, down by 16.9% month-over-month. Of the 143 sold homes, 81% were sold under asking, 15% were sold at asking, and 3% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 40 Days | 97 Days | +138.3% |
Summary: Homes in Grove City-Rotonda had an average of 97 days on market in May 2024, up by 138.3% compared to last year.
Breakdown of Home Sale Times
43 Homes Were Sold
Under 30 Days
37 Homes Were Sold
In 30 - 90 Days
63 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 May 2024, 143 homes were sold in Grove City-Rotonda; 30% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 44% of homes were sold over 90 days.
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Copyright © 2024 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.