Closed Sales Jumped 23% as Transaction Volume Led the Region
Bonita Springs led the region in closed sales growth this February, with transactions up 23.0% year over year. The single-month median sale price came in at $565,000, above last February’s level, but rolling three-month data shows the median down modestly and price per square foot declined 6.3% on the same basis. Nearly a third of active listings have already failed once, and the spread between communities is wider than anywhere else in the region. Falling mortgage rates are one factor behind the jump in pending contracts, but with a large share of Southwest Florida purchases closing in cash, rates are only part of the story. In Bonita Springs, performance varies so much from one community to the next that the citywide numbers can be misleading, and this report breaks that down. For regional comparisons, see the Southwest Florida housing market update.
Key Takeaways (TL;DR)
- The February median sale price of $565,000 was 5.6% above last year’s single-month figure, but rolling three-month data shows the median down 2.7% and price per square foot down 6.3%. The single-month uptick reflects a shift in which homes closed rather than a price recovery.
- Closed sales jumped 23.0%, the strongest growth in the region, and pending contracts rose 22.9%.
- Nearly one in three active listings (31.8%) has failed to sell in the past 12 months and returned, with those sellers eventually selling for a median of $68,000 below their original asking price.
- Community-level performance varies widely: Village Walk of Bonita Springs operates at 4.0 months of supply with a 97.2% sold-to-list ratio, while Seasons at Bonita shows 16 months and 90.5%.
- Competitive months of supply sits at 4.4, meaning properly priced Bonita Springs homes face roughly half the competition that the 8.4-month top-line number implies.
The Bonita Springs Housing Market Increased Across Every Activity Metric
February delivered strong improvements on nearly every measure. Closed sales rose from 135 to 166, pending contracts increased from 175 to 215, and inventory fell from 1,509 to 1,245. Months of supply dropped from 12.2 to 8.4, a 31.1% improvement. Dollar volume climbed 12.7% to $126 million. Showings per listing rose 30.8% to 3.4. Because Bonita Springs transacts at similar volume to Estero, rolling three-month data provides useful context where the two diverge. On that basis, closed sales rose 19.8% and pending contracts increased 29.5%, confirming the single-month activity gains.
The Price Story Has Two Layers
The median sale price increase to $565,000 tells one story. Price per square foot at $308, down 8.3% from a year ago, tells another. When those two metrics diverge, larger or higher-end homes are making up a bigger share of closings, which pushes the median up even as per-square-foot values decline. That is what happened in February: closings above $750,000 accounted for a larger share of the month’s transactions than a year ago, and homes that closed tended to carry more square footage.
Rolling three-month data confirms the pattern: on that basis, the median fell 2.7% year over year to $550,000 and price per square foot declined 6.3% to $314. A $900,000 home at $290 per square foot raises the median price while pulling the average price per square foot down. The price-per-square-foot figure peaked at $372 in April 2024 and bottomed at $293 in August 2025 before recovering $15 per square foot. Price per square foot has stabilized above the August 2025 trough.
A Wide Spread Between Communities
What makes the Bonita Springs housing market challenging to summarize is the range within it. Village Walk of Bonita Springs operates at 4.0 months of supply with active listings matching recent sales. Seasons at Bonita carries 16 months of supply and a 41.7% relist share. Pelican Landing holds 105 active listings spanning $367,000 to $3.8 million. Community selection shapes outcomes more than citywide averages.
Pricing Accuracy Is the Dividing Line in Bonita Springs
Of 1,243 active listings, 395 (31.8%) have failed in the past 12 months and returned to market. That is the second-highest relist rate in the region, trailing only Fort Myers at 31.9%.
The Cost of Getting It Wrong
Among the 144 relisted homes that eventually sold, the final sale price was $630,000 against an original ask of $706,950. That $68,000 gap came after 206 total days on market across both attempts. First-attempt sales closed in 56 days. The median price adjustment on relist was 6.7%, with 79% of returning sellers reducing their price. The remaining 21% came back at the same or higher price.
Where Mispricing Concentrates
Relist rates climb sharply in the Bonita Springs housing market’s upper tiers. At $250,000 to $500,000, the relist rate is 31.5%. Between $1 million and $2 million, it reaches 36.8%. Above $2 million, it sits at 36.1% with a median adjustment of 6.3%. The $1 million-plus segment also carries the deepest ask-bid gap, meaning sellers above that threshold face the widest disconnect between expectations and buyer behavior.
Effective Inventory Strips the Noise
Overall months of supply reads 9.0. Removing stale inventory (180-plus days) and stubborn relists brings it to 6.8. The competitive segment, listings under 90 days that are either first-attempts or relists with a meaningful price reduction, shows 4.4 months. That places Bonita Springs in the middle of the pack, tighter than Naples (4.6) but wider than Estero (3.6). Fresh first-attempt listings carry a $650,000 median and 27 days on market. Listings priced to recent comparable sales are moving at a balanced pace.
Recent Sales Tell a Different Story Than Active Listings in Bonita Springs Featured Communities
Community-level data across Bonita Springs shows transaction pace varying primarily with how much inventory is available and how many homes are on their second attempt to sell. In several communities here, the gap between what is currently listed and what has recently sold is wide enough that active listings alone can be misleading. Recent closed sales and pending activity offer a more grounded view.
Spanish Wells
- Active Listings: 37
- Sold (Last 120 Days): 20
- Homes Pending: 9
- Previously Listed Share of Active: 24.3%
- Months of Inventory: 7.4
- Median Sold Price: $654,750
- Sellers Received: 95.0% of asking price
Spanish Wells currently carries 37 active listings with 20 recent sales, and about one-quarter of active inventory is returning from a prior attempt. Returning sellers adjusted by a median of nearly 10%, one of the larger reductions in the Bonita Springs group. The community includes several distinct sub-communities, with Marbella and Las Brisas offering the more affordable tiers ($379,000 to $387,000 median) while Spanish Wells proper lists at $900,000. The 3-bedroom segment leads active inventory with 15 listings at a $435,000 median and 69 DOM. Pending homes carry a $699,000 median at just 5 DOM, with contracts forming quickly in that tier. The 95.0% sold-to-list ratio and the size of relist adjustments both point toward pricing to recent closings rather than aspirational levels. Listings past 180 days (22% of inventory) offer the widest negotiating room.
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Bonita National
- Active Listings: 46
- Sold (Last 120 Days): 28
- Homes Pending: 22
- Previously Listed Share of Active: 19.6%
- Months of Inventory: 6.6
- Median Sold Price: $732,500
- Sellers Received: 96.4% of asking price
Bonita National shows one of the stronger pending pipelines in the group, with 22 homes under contract against 46 active. The relist share (19.6%) is the second-lowest in Bonita Springs, and returning sellers adjusted by a modest median of about 5%. Nearly 40% of active listings have been on market less than 30 days, though a pocket of 8 listings past 180 days keeps the mean DOM higher than it would otherwise be. The 3-bedroom and 4-bedroom segments split the active inventory evenly at 16 listings each, with 3-beds at $625,000 (34 DOM) and 4-beds at $984,450 (52 DOM). All homes were built between 2015 and 2021. The pending-to-active ratio and 96.4% sold-to-list ratio are the tightest in this group. For buyers, the newer construction and range of sizes offer options across price points, with longer-sitting listings presenting the most flexibility.
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Pelican Landing
- Active Listings: 105
- Sold (Last 120 Days): 54
- Homes Pending: 37
- Previously Listed Share of Active: 32.4%
- Months of Inventory: 7.8
- Median Sold Price: $800,000
- Sellers Received: 95.8% of asking price
Pelican Landing carries the largest inventory in the Bonita Springs group at 105 active listings and 7.8 months of supply. Nearly one-third of active homes are returning from a prior attempt, with those sellers adjusting by a median of about 7%. The community spans a remarkable range, from Pointe at Pelican Landing near $367,000 to Infinity at The Colony above $3.8 million, making community-wide medians less useful than sub-community comparisons. February recorded 26 closings at a $1,000,000 median, well above prior months. 26% of recent sales closed at or above asking, the highest rate in this group. With that range, positioning relative to similar homes within your specific sub-community matters more than Pelican Landing-wide pricing. The variety across price tiers gives this community the widest selection in the area.
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Seasons at Bonita
- Active Listings: 24
- Sold (Last 120 Days): 6
- Homes Pending: 7
- Previously Listed Share of Active: 41.7%
- Months of Inventory: 16.0
- Median Sold Price: $544,500
- Sellers Received: 90.5% of asking price
Seasons at Bonita shows the most challenging numbers in this group: 16 months of inventory, a 41.7% relist share, and a 90.5% sold-to-list ratio. Every returning seller came back at a lower price, with a median adjustment of about 6%. Despite the inventory depth, zero active listings have crossed 180 days, 75% have been on market less than 60 days, and 7 pending transactions now slightly exceed the 6 recent closings. All homes were built between 2019 and 2023. The low sales volume (6 closings in four months) means any single transaction can move the numbers significantly. The sold-to-list ratio indicates buyers here are negotiating firmly, and the pending count exceeding recent closings is worth watching as a leading indicator. With 16 months of supply and newer construction, buyers have leverage across the board.
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Valencia Bonita 55+
- Active Listings: 29
- Sold (Last 120 Days): 15
- Homes Pending: 11
- Previously Listed Share of Active: 34.5%
- Months of Inventory: 7.7
- Median Sold Price: $900,000
- Sellers Received: 95.7% of asking price
Valencia Bonita carries 7.7 months of inventory with just over one-third of active listings returning from a prior attempt. The active median ($799,000) sits below the sold median ($900,000) because recent closings included more of the larger 3+den and 4-bedroom homes, while the active pool is weighted toward the 2+den segment (11 listings, $619,900, 121 DOM). Returning sellers adjusted by a modest median of about 3.4%. The median active DOM of 121 days is the highest in the Bonita Springs group, with 45% of inventory sitting between 91 and 180 days. Pending homes carry an $829,000 median at 37 DOM, closer to the sold profile. The extended marketing times make the first pricing decision especially important here. The 2+den tier, with a 121-day median DOM and 11 active listings, carries the most room to negotiate.
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Village Walk of Bonita Springs
- Active Listings: 25
- Sold (Last 120 Days): 25
- Homes Pending: 12
- Previously Listed Share of Active: 16.0%
- Months of Inventory: 4.0
- Median Sold Price: $500,000
- Sellers Received: 97.2% of asking price
Village Walk shows the tightest market in the Bonita Springs group. Active listings match recent sales at 25, the relist share (16%) is the lowest here, and only one listing has crossed 180 days. The 97.2% sold-to-list ratio is the highest in this report, and 16% of sales closed at or above asking. Sold homes reached contract in a median of just 27 days. The 2-bedroom segment offers the most affordable entry with 7 listings at $475,000 and a 38 DOM median, while the 4-bedroom segment (4 listings, $542,000) is also moving at 24 DOM. Pricing and contract timelines remain closely aligned across segments, and pricing to recent comparable values continues to produce timely results. This is a more competitive environment with less room to negotiate than most Bonita Springs communities.
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How Bonita Springs Compares Across the Region
The table below places Bonita Springs alongside the four other major Southwest Florida markets. Bonita Springs posted the strongest closed sales growth in the region, though the 8.4 months of supply and 95.5% sold-to-list ratio both indicate buyers still hold negotiating leverage.
| City | Median Sold Price | Price/SF | Active Listings | Months of Supply | Sold-to-List | Closed Sales YoY |
|---|---|---|---|---|---|---|
| Fort Myers | $325,000 | $202 | 3,506 | 7.9 | 95.6% | +9.6% |
| Cape Coral | $375,000 | $218 | 3,091 | 6.3 | 97.0% | +16.0% |
| Estero | $425,000 | $252 | 753 | 6.3 | 96.4% | +18.1% |
| Bonita Springs | $565,000 | $308 | 1,245 | 8.4 | 95.5% | +23.0% |
| Naples | $665,000 | $346 | 6,153 | 8.8 | 95.2% | +15.2% |
Source: FGCMLS. All metrics reflect February 2026 single-month data unless otherwise noted. The sold-to-list ratio reflects the most recent list price at the time of contract, not the original asking price. The listing-level analysis sections (community profiles, competitive inventory, relist data) use 120-day snapshots to capture enough transactions for meaningful analysis.
For the full regional analysis, see the Southwest Florida housing market update.
What Bonita Springs Homeowners Are Asking
Several indicators point in that direction. Closed sales rose 23.0%, pending contracts increased 22.9%, and months of supply dropped from 12.2 to 8.4 year over year. Showings per listing climbed 30.8%. The single-month February median was up 5.6%, though rolling three-month data shows a modest decline, consistent with the price-per-square-foot trend. Sellers still face a 31.8% relist rate, so pricing to the current market remains the critical success factor.
Active listings are priced at $358 per square foot. Sold homes closed at $312 per square foot, a 14.9% gap. This reflects the concentration of high-priced inventory ($1 million-plus) where sellers are setting expectations well above recent buyer behavior. In the $250,000 to $500,000 tier, the gap is narrower and absorption is faster.
The MLS median is 72 days on market, up 53.2% from last year. The listing-level data provides more nuance: first-attempt sales close in 56 days at median. Relisted homes that eventually sold spent 206 total days. Village Walk sellers reach contract in 27 days while Valencia Bonita sellers average 121 days active, a spread that shows how much community and pricing accuracy drive the timeline.
Village Walk offers the tightest market (4.0 months, 97.2% sold-to-list) at a $500,000 median. Bonita National provides newer construction with a strong pending pipeline (22 pending vs. 46 active). Pelican Landing offers the widest range from $367,000 to $3.8 million. Seasons at Bonita gives buyers the most leverage with 16 months of supply.
Bonita Springs ($565,000 median) sits between Estero ($425,000 February median) and Naples ($665,000). Bonita’s 8.4 months of supply is higher than Estero’s 6.3 but lower than Naples’ 8.8. The relist rate (31.8%) is higher than both neighbors. Bonita Springs offers wider community diversity than Estero, though Naples spans the broadest range overall.
Final Thoughts on the Bonita Springs Housing Market
Bonita Springs sits at an inflection point. Transaction volume is rising, inventory is falling, and the single-month February median came in above last year, though the rolling trend remains slightly negative. Below those positive numbers, a 31.8% relist rate and a 14.9% ask-bid gap remind that individual outcomes still hinge on pricing discipline. The communities absorbing inventory fastest, Village Walk and Bonita National in particular, share a common trait: their active listings align with what recent buyers have been willing to pay.
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Explore the March 2026 Southwest Florida Market Series
- Southwest Florida Housing Market Update
- Fort Myers Housing Market Update
- Cape Coral Housing Market Update
- Estero Real Estate Market Update
- Naples Housing Market Update
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