Is Placida, 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, Placida was a Seller's Market.
Key Takeaway
Placida is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Placida, FL
How much do homes in Placida, FL cost?
Median Sold Price
$835,000
$409/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Placida have sold for 21.9% more than they did a year ago.
Summary: The median home sold price in Placida was $835,000 in May 2024, up 21.9% from last year, and the median price per square foot was $409.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $1.3M | $947K | -27.2% |
| 2 Bedrooms | $482.5K | $617.2K | +27.9% |
| 3 Bedrooms | $690K | $840.2K | +21.8% |
| 4 Bedrooms | $1.2M | $950K | -22.4% |
| 5+ Bedrooms | $8.6M | $6.0M | -29.5% |
Summary: Placida housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 27.2%, 2 bedroom homes increased by 27.9%, 3 bedroom homes increased by 21.8%, 4 bedroom homes decreased by 22.4%, and 5+ bedroom homes decreased by 29.5%.
Median Sold Price Compared To Nearby Cities
| Placida | $685K | $835K | +21.9% |
| 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 Placida, FL
How many homes are available in Placida, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 162 | 176 | +8.6% |
Summary: The Placida real estate market had 176 homes for sale in May 2024, a 8.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 6 | -14.3% |
| 2 Bedrooms | 44 | 49 | +11.4% |
| 3 Bedrooms | 93 | 93 | 0.0% |
| 4 Bedrooms | 16 | 27 | +68.8% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Placida housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 11.4%, 3 bedroom homes remained the same, 4 bedroom homes increased by 68.8%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 16 | +14.3% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Placida, you may be able to get a good deal. 87.5% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Placida in May 2024, up by 14.3% month-over-month. Of the 16 sold homes, 88% were sold under asking, 6% were sold at asking, and 6% were sold over asking.
Days on Market for Placida, FL
How long does it take to sell a home in Placida, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 27 Days | 104 Days | +277.9% |
Summary: Homes in Placida had an average of 104 days on market in May 2024, up by 277.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Placida are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During May 2024, 16 homes were sold in Placida; 19% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 56% of homes were sold over 90 days.
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