$2,850 Closing Credit*
$240,000
700 SqFt
3 Beds
•1 Full Bath
ERNESTO RODRIGUEZ, Listing Office: FATHOM REALTY FL LLC
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 December 2023
Since last year, New Port Richey has remained a Seller's Market.
Key Takeaway
New Port Richey is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in New Port Richey, FL
How much do homes in New Port Richey, FL cost?
Median Sold Price
$290,567
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
-$1,892(-0.6%)
Key Takeaway
Homes in New Port Richey have sold for 0.6% less than they did a year ago.
Summary: The median home sold price in New Port Richey was $290,567 in December 2024, down 0.6% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $115K | $103K | -10.4% |
| 2 Bedrooms | $225K | $225K | 0.0% |
| 3 Bedrooms | $336.5K | $330K | -1.9% |
| 4 Bedrooms | $465K | $494.6K | +6.4% |
| 5+ Bedrooms | $617K | $680K | +10.2% |
Summary: New Port Richey housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.4%, 2 bedroom homes did not change, 3 bedroom homes decreased by 1.9%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 10.2%.
Median Sold Price Compared To Nearby Cities
| Port Richey | $243.5K | $246.2K | +1.1% |
| New Port Richey | $292.4K | $290.5K | -0.6% |
Housing Supply in New Port Richey, FL
How many homes are available in New Port Richey, FL?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 955 | 967 | +1.3% |
Summary: The New Port Richey real estate market had 967 homes for sale in December 2024, a 1.3% increase compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 50 | 46 | -8.0% |
| 2 Bedrooms | 384 | 416 | +8.3% |
| 3 Bedrooms | 358 | 353 | -1.4% |
| 4 Bedrooms | 120 | 112 | -6.7% |
| 5+ Bedrooms | 43 | 40 | -7.0% |
Summary: The New Port Richey housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 8%, 2 bedroom homes increased by 8.3%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes decreased by 7%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 124 | 172 | +38.7% |
Asking Price vs. Sold Price
116 Homes Were Sold
Under Asking
33 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Port Richey, you may be able to get a good deal. 67.4% of homes here sold below asking price last month.
Summary: A total of 172 homes were sold or pending in New Port Richey in December 2024, up by 38.7% month-over-month. Of the 172 sold homes, 67% were sold under asking, 19% were sold at asking, and 13% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 38 Days | 64 Days | +69.6% |
Summary: Homes in New Port Richey had an average of 64 days on market in Dec 2024, up by 69.6% compared to last year.
Breakdown of Home Sale Times
79 Homes Were Sold
Under 30 Days
46 Homes Were Sold
In 30 - 90 Days
44 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in New Port Richey are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 172 homes were sold in New Port Richey; 46% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.
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