Is Northwest New Port Richey, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Northwest New Port Richey is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Northwest New Port Richey was a Neutral Market.

Key Takeaway

Northwest New Port Richey is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Northwest New Port Richey, FL

How much do homes in Northwest New Port Richey, FL cost?

Median Sold Price

$209,500

$212/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$7,500(-3.5%)

Key Takeaway

Homes in Northwest New Port Richey have sold for 3.5% less than they did a year ago.

Summary: The median home sold price in Northwest New Port Richey was $209,500 in October 2024, down 3.5% from last year, and the median price per square foot was $212.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$85K
N/A
2 $207.5K$195K
-6.0%
3 $240K$298.2K
+24.3%
4 $254K-
N/A
5+ --
N/A

Summary: Northwest New Port Richey housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6%, 3 bedroom homes increased by 24.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Northwest New Port Richey
-3.5%
Gulf Harbors
-7.8%

Housing Supply in Northwest New Port Richey, FL

How many homes are available in Northwest New Port Richey, FL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1115+36.4%

Summary: The Northwest New Port Richey real estate market had 15 homes for sale in October 2024, a 36.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 44
0.0%
3 69
+50.0%
4 12
+100.0%
5+ 00
0.0%

Summary: The Northwest New Port Richey housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
220.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Northwest New Port Richey, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Northwest New Port Richey in October 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Northwest New Port Richey, FL

How long does it take to sell a home in Northwest New Port Richey, FL?

Average Sale Time

Oct 2023Oct 2024CHANGE
5 Days206 Days+4020.0%

Summary: Homes in Northwest New Port Richey had an average of 206 days on market in Oct 2024, up by 4020% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Northwest New Port Richey are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 2 homes were sold in Northwest New Port Richey; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Northwest New Port Richey, FL

Nearby Markets to Northwest New Port Richey, FL