$6,995,000
4,314 SqFt
4 Beds
•4 Full Baths, 1 Partial
Michael Lawler, PA, Listing Office: Douglas Elliman Florida,LLC
Is Old Naples, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Old Naples has remained a Buyer's Market.
Key Takeaway
Old Naples is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Old Naples, FL
How much do homes in Old Naples, FL cost?
Median Sold Price
$1,650,000
$939/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$418,737(-20.2%)
Key Takeaway
Homes in Old Naples have sold for 20.2% less than they did a month ago.
Summary: The median home sold price in Old Naples was $1,650,000 in October 2024, down 20.2% from last month, and the median price per square foot was $939.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $450K | $475K | +5.6% |
| 2 Bedrooms | $1.4M | $1.6M | +10.4% |
| 3 Bedrooms | $2.2M | $2.6M | +18.2% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | $4.8M | $5.2M | +8.3% |
Summary: Old Naples housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes increased by 5.6%, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 18.2%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 8.3%.
Housing Supply in Old Naples, FL
How many homes are available in Old Naples, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 106 | 127 | +19.8% |
Summary: The Old Naples real estate market had 127 homes for sale in October 2024, a 19.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 13 | 18 | +38.5% |
| 2 Bedrooms | 36 | 42 | +16.7% |
| 3 Bedrooms | 30 | 33 | +10.0% |
| 4 Bedrooms | 12 | 18 | +50.0% |
| 5+ Bedrooms | 15 | 16 | +6.7% |
Summary: The Old Naples housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 38.5%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 6.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 9 | -10.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Old Naples, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Old Naples in October 2024, down by 10.0% month-over-month. Of the 9 sold homes, 78% were sold under asking, 22% were sold at asking, and 0% were sold over asking.
Days on Market for Old Naples, FL
How long does it take to sell a home in Old Naples, FL?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 55 Days | 121 Days | +120.2% |
Summary: Homes in Old Naples had an average of 121 days on market in Oct 2024, up by 120.2% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Old Naples are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 9 homes were sold in Old Naples; 11% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
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