As the high season continues to energize Costa Rica's real estate market, March 2025 brought a fresh wave of activity, especially in the single-family home segment. The latest data from Coldwell Banker Costa Rica reveals strong buyer interest and shifting dynamics across various property types and regions.
Costa Rica Highlights
The number of active Costa Rica single-family home listings rose to 1,407—an impressive 14.9% increase year-over-year. This uptick in inventory has been met with growing demand: 30 single-family homes were sold in March alone, doubling the sales volume from January. The average sale price climbed to $672,583, while the average price per square foot reached $214.69. Although the year-to-date (YTD) median price is still 31% lower than in 2024, the month-over-month growth points to renewed buyer confidence and a healthy, active market.
Property Type Breakdown
- Single-Family Homes: YTD median price is $609,500 (-31.49%), with 62 homes sold so far in 2025. Inventory is up nearly 15%, and homes are spending an average of 376 days on the market—about 32% longer than last year.
- Condos: A more modest inventory of Costa Rica condos for sale (320 units) with a slight dip in activity. Median price sits at $396,084 (-21.22%), and time on market has grown significantly to 381 days. Luxury Homes: This segment is cooling, with a 33.88% drop in median price to $1,098,694 and a 31.82% decrease in sold listings. However, inventory remains steady at 393 properties.
- Residential Lots: A standout performer in March. Median prices for Costa Rica lots for sale surged nearly 30% to $288,995, with a 19% increase in transactions. The average price per square meter skyrocketed by 124%, showing strong interest in land investment opportunities.
Regional Performance
- Guanacaste / Nicoya: Despite a 4% dip in median list prices, inventory is up 23%, suggesting sellers are preparing for an active season. The average days on market sits at a low 232 days, the shortest among the regions.
- Central & South Pacific: Prices in this region are on the rise—median list prices increased by 2.64%, and inventory is up 20.79%. The market here is picking up momentum.
- Central Valley: This inland hub showed a 9.23% rise in median list prices and an 8.59% bump in price per square foot. However, inventory is slightly down, potentially tightening supply for the months ahead.
What This Means for Buyers and Sellers
Buyers are reentering the market, especially for single-family homes and residential land, where opportunities abound. Meanwhile, sellers in high-demand regions like the Central Valley and Nicoya Peninsula can benefit from increased activity and rising prices.
Whether you're considering relocating, investing, or selling in Costa Rica, March’s data shows that the market is active and evolving—offering something for everyone as we head into the second quarter of 2025.