$3,858 Closing Credit*
$324,900
1,381 SqFt
3 Beds
•2 Full Baths
Esther Fleitas Padron, Listing Office: EXP REALTY LLC
Is Port Richey, 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, Port Richey was a Seller's Market.
Key Takeaway
Port Richey is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Port Richey, FL
How much do homes in Port Richey, FL cost?
Median Sold Price
$247,485
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$5,947(+2.5%)
Key Takeaway
Homes in Port Richey have sold for 2.5% more than they did a year ago.
Summary: The median home sold price in Port Richey was $247,485 in October 2024, up 2.5% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $88.5K | $60K | -32.2% |
| 2 Bedrooms | $226K | $225K | -0.5% |
| 3 Bedrooms | $275K | $272.6K | -0.9% |
| 4 Bedrooms | $332K | $310K | -6.6% |
| 5+ Bedrooms | $420K | $350K | -16.7% |
Summary: Port Richey housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 32.2%, 2 bedroom homes decreased by 0.5%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes decreased by 6.6%, and 5+ bedroom homes decreased by 16.7%.
Median Sold Price Compared To Nearby Cities
| Port Richey | $241.5K | $247.4K | +2.5% |
| New Port Richey | $290K | $295.6K | +2.0% |
Housing Supply in Port Richey, FL
How many homes are available in Port Richey, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 404 | 378 | -6.4% |
Summary: The Port Richey real estate market had 378 homes for sale in October 2024, a 6.4% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 6 | 0.0% |
| 2 Bedrooms | 235 | 221 | -6.0% |
| 3 Bedrooms | 149 | 135 | -9.4% |
| 4 Bedrooms | 14 | 15 | +7.1% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 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 decreased by 6%, 3 bedroom homes decreased by 9.4%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 86 | 63 | -26.7% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Port Richey, you may be able to get a good deal. 54% of homes here sold below asking price last month.
Summary: A total of 63 homes were sold or pending in Port Richey in October 2024, down by 26.7% month-over-month. Of the 63 sold homes, 54% were sold under asking, 19% were sold at asking, and 27% were sold over asking.
Days on Market for Port Richey, FL
How long does it take to sell a home in Port Richey, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 59 Days | +156.2% |
Summary: Homes in Port Richey had an average of 59 days on market in Oct 2024, up by 156.2% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
23 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Port Richey are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 63 homes were sold in Port Richey; 38% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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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.
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.