Is New Port Richey, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, New Port Richey has remained a Seller's Market.
Housing Prices in New Port Richey, FL
How much do homes in New Port Richey, FL cost?
Median Sold Price
$295,328
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in New Port Richey was $295,328 in May 2024, up 5.4% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $112K | $112K | 0.0% |
2 Bedrooms | $215K | $230K | +7.0% |
3 Bedrooms | $337.5K | $330.3K | -2.1% |
4 Bedrooms | $465K | $489K | +5.2% |
5+ Bedrooms | $551.9K | $645.2K | +16.9% |
Summary: New Port Richey 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 7%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 16.9%.
Median Sold Price Compared To Nearby Cities
New Port Richey | $280.1K | $295.3K | +5.4% |
Port Richey | $250K | $241.6K | -3.3% |
Housing Supply in New Port Richey, FL
How many homes are available in New Port Richey, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1,155 | 1,175 | +1.7% |
Summary: The New Port Richey real estate market had 1,175 homes for sale in May 2024, a 1.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 57 | 61 | +7.0% |
2 Bedrooms | 498 | 509 | +2.2% |
3 Bedrooms | 418 | 426 | +1.9% |
4 Bedrooms | 140 | 134 | -4.3% |
5+ Bedrooms | 42 | 45 | +7.1% |
Summary: The New Port Richey housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7%, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 1.9%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes increased by 7.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
208 | 197 | -5.3% |
Asking Price vs. Sold Price
128 Homes Were Sold
Under Asking
46 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Summary: A total of 197 homes were sold or pending in New Port Richey in May 2024, down by 5.3% month-over-month. Of the 197 sold homes, 65% were sold under asking, 23% were sold at asking, and 12% were sold over asking.
Days on Market for New Port Richey, FL
How long does it take to sell a home in New Port Richey, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
33 Days | 51 Days | +50.5% |
Summary: Homes in New Port Richey had an average of 51 days on market in May 2024, up by 50.5% compared to last year.
Breakdown of Home Sale Times
106 Homes Were Sold
Under 30 Days
57 Homes Were Sold
In 30 - 90 Days
34 Homes Were Sold
Over 90 Days
Summary: During May 2024, 197 homes were sold in New Port Richey; 54% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.