Is Collier County, 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, Collier County was a Seller's Market.
Key Takeaway
Collier County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Collier County, FL
How much do homes in Collier County, FL cost?
Median Sold Price
$650,125
$369/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Collier County have sold for 5% more than they did a year ago.
Summary: The median home sold price in Collier County was $650,125 in May 2024, up 5% from last year, and the median price per square foot was $369.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $325K | $325K | 0.0% |
| 2 Bedrooms | $442.8K | $468.3K | +5.7% |
| 3 Bedrooms | $688.4K | $720K | +4.6% |
| 4 Bedrooms | $1.1M | $1.1M | +4.9% |
| 5+ Bedrooms | $1.5M | $1.6M | +2.3% |
Summary: Collier County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 2.3%.
Median Sold Price Compared To Nearby Counties
| Miami-Dade County | $486K | $536.1K | +10.3% |
| Broward County | $399.8K | $432.1K | +8.1% |
| Collier County | $618.9K | $650.1K | +5.0% |
| Hendry County | $299.5K | $309.9K | +3.5% |
| Lee County | $386.4K | $396K | +2.5% |
Housing Supply in Collier County, FL
How many homes are available in Collier County, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7,377 | 7,212 | -2.2% |
Summary: The Collier County real estate market had 7,212 homes for sale in May 2024, a 2.2% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 170 | 171 | +0.6% |
| 2 Bedrooms | 2,512 | 2,443 | -2.7% |
| 3 Bedrooms | 3,121 | 3,008 | -3.6% |
| 4 Bedrooms | 1,131 | 1,133 | 0.2% |
| 5+ Bedrooms | 443 | 457 | +3.2% |
Summary: The Collier County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 0.6%, 2 bedroom homes decreased by 2.7%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes increased by 3.2%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1,081 | 944 | -12.7% |
Asking Price vs. Sold Price
788 Homes Were Sold
Under Asking
111 Homes Were Sold
At Asking
45 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Collier County, you may be able to get a good deal. 83.5% of homes here sold below asking price last month.
Summary: A total of 944 homes were sold or pending in Collier County in May 2024, down by 12.7% month-over-month. Of the 944 sold homes, 83% were sold under asking, 12% were sold at asking, and 5% were sold over asking.
Days on Market for Collier County, FL
How long does it take to sell a home in Collier County, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 53 Days | 70 Days | +32.9% |
Summary: Homes in Collier County had an average of 70 days on market in May 2024, up by 32.9% compared to last year.
Breakdown of Home Sale Times
366 Homes Were Sold
Under 30 Days
316 Homes Were Sold
In 30 - 90 Days
262 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Collier County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 944 homes were sold in Collier County; 39% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 28% 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.