Bonita Springs real estate market has been on an upswing for the past few years. The median sales price for a single family home in Southwest Florida in 2021 is $420,000, which is up an impressive 15.8% from the same period in 2020. The median price of condos has also seen an increase of 16.2%, with the median sales price currently at $270,000. The number of closed sales of single family homes has increased by 8.6%, with 1,719 closed sales for the year. Meanwhile, condo sales have seen a drop of 10.2%, with 901 closed sales for the year.
The average days on the market for single family homes is 73, down from 85 days in 2020. Condos are also seeing a decrease in average days on the market, currently at 67 days, down from 80 days in 2020. Inventory of both single family homes and condos is still fairly low, with only 2.9 months of single family home inventory and 2.4 months of condo inventory. This low inventory is continuing to drive up prices in the Bonita Springs market. Overall, the Bonita Springs Real Estate market is continuing to see positive growth in 2021. Prices are higher than ever, and the market is becoming increasingly competitive.
Bonita Springs, FL Real Estate Market FAQs
1. What is the current median list price in Bonita Springs?
- The median list price in Bonita Springs is currently $875,000.
2. How has the Market Action Index (MAI) changed recently?
- The Market Action Index is at 31, which indicates a slight seller’s advantage. This is an increase from last month’s MAI of 30.
3. What does the Market Action Index (MAI) indicate?
- The MAI measures the rate of sales versus inventory. A higher MAI indicates a stronger market with more buyer demand relative to available inventory.
4. How many homes are currently available in Bonita Springs?
- There are currently 345 homes on the market in Bonita Springs.
5. What is the average and median number of days on the market for homes?
- The average days on market is 133, while the median days on market is 105.
6. What percentage of homes have seen a price decrease recently?
- About 42% of homes have experienced a price decrease.
7. What is the median rent for properties in Bonita Springs?
- The median rent in Bonita Springs is $6,200.
8. How does the market compare to the past few years?
- The Bonita Springs real estate market has seen a significant upswing over the past few years. In 2021, the median sales price for single-family homes increased by 15.8% from the previous year, while condo prices rose by 16.2%. Inventory remains low, which has contributed to rising prices.
9. What is the average price per square foot in Bonita Springs?
- The average price per square foot is $425.
10. How do different market segments compare in terms of median prices?
- Market segments are priced as follows:
- $2,938,500 for 3,534 sq. ft. (4 beds, 3.5 baths)
- $1,020,000 for 2,247 sq. ft. (3 beds, 2.5 baths)
- $779,999 for 2,052 sq. ft. (3 beds, 2 baths)
- $549,900 for 1,587 sq. ft. (3 beds, 2 baths)
11. How competitive is the Bonita Springs real estate market?
- The market is quite competitive due to low inventory levels and rising prices. This trend is expected to continue, with prices potentially increasing further if demand remains strong.
12. What should I watch for if I’m looking to buy or sell in this market?
- Keep an eye on changes in the Market Action Index (MAI) and inventory levels. If the market heats up further, you might see an increase in prices. For sellers, low inventory and a slight seller’s advantage could be beneficial.
13. How can I stay informed about the Bonita Springs real estate market?
- Click here to stay informed with the latest updates and market trends in Bonita Springs.
14. Who can I contact for more information or assistance with buying or selling a property?
- For more information or to get assistance with buying or selling a property, contact 239-370-1513.
