$5,807 Closing Credit*
$489,000
1,540 SqFt
3 Beds
•2 Full Baths
Jean Paul, Listing Office: The Real Estate Connection LLC
Is Naples, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Naples was a Seller's Market.
Key Takeaway
Naples is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Naples, FL
How much do homes in Naples, FL cost?
Median Sold Price
$638,283
$357/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$18,309(+3.0%)
Key Takeaway
Homes in Naples have sold for 3% more than they did a year ago.
Summary: The median home sold price in Naples was $638,283 in October 2024, up 3% from last year, and the median price per square foot was $357.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $246K | $275K | +11.8% |
| 2 Bedrooms | $429.7K | $454.3K | +5.7% |
| 3 Bedrooms | $675.6K | $681K | +0.8% |
| 4 Bedrooms | $1.1M | $1.1M | -0.5% |
| 5+ Bedrooms | $1.5M | $1.7M | +17.7% |
Summary: Naples housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.8%, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 0.8%, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes increased by 17.7%.
Housing Supply in Naples, FL
How many homes are available in Naples, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4,781 | 5,169 | +8.1% |
Summary: The Naples real estate market had 5,169 homes for sale in October 2024, a 8.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 84 | 93 | +10.7% |
| 2 Bedrooms | 1,559 | 1,698 | +8.9% |
| 3 Bedrooms | 2,107 | 2,246 | +6.6% |
| 4 Bedrooms | 727 | 800 | +10.0% |
| 5+ Bedrooms | 304 | 332 | +9.2% |
Summary: The Naples housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10.7%, 2 bedroom homes increased by 8.9%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 9.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 510 | 434 | -14.9% |
Asking Price vs. Sold Price
365 Homes Were Sold
Under Asking
51 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Naples, you may be able to get a good deal. 84.1% of homes here sold below asking price last month.
Summary: A total of 434 homes were sold or pending in Naples in October 2024, down by 14.9% month-over-month. Of the 434 sold homes, 84% were sold under asking, 12% were sold at asking, and 4% were sold over asking.
Days on Market for Naples, FL
How long does it take to sell a home in Naples, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 54 Days | 87 Days | +61.5% |
Summary: Homes in Naples had an average of 87 days on market in Oct 2024, up by 61.5% compared to last year.
Breakdown of Home Sale Times
129 Homes Were Sold
Under 30 Days
131 Homes Were Sold
In 30 - 90 Days
174 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Naples are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 434 homes were sold in Naples; 30% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
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© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
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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.