$1,602 Closing Credit*
$134,900
1,056 SqFt
2 Beds
•1 Full Bath
Shelly Hayden Mansfield, Listing Office: BILTMORE GROUP INC
Is Port Richey, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Port Richey was a Seller's Market.
Key Takeaway
Port Richey is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Port Richey, FL
How much do homes in Port Richey, FL cost?
Median Sold Price
$246,325
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$5,325(+2.2%)
Key Takeaway
Homes in Port Richey have sold for 2.2% more than they did a year ago.
Summary: The median home sold price in Port Richey was $246,325 in November 2024, up 2.2% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $83K | $67.5K | -18.7% |
| 2 Bedrooms | $226K | $225K | -0.4% |
| 3 Bedrooms | $275K | $272.5K | -0.9% |
| 4 Bedrooms | $332K | $310K | -6.6% |
| 5+ Bedrooms | $397.5K | $331K | -16.7% |
Summary: Port Richey housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.7%, 2 bedroom homes decreased by 0.4%, 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 | $241K | $246.3K | +2.2% |
| New Port Richey | $292.2K | $294.4K | +0.7% |
Housing Supply in Port Richey, FL
How many homes are available in Port Richey, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 389 | 414 | +6.4% |
Summary: The Port Richey real estate market had 414 homes for sale in November 2024, a 6.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 8 | +60.0% |
| 2 Bedrooms | 232 | 238 | +2.6% |
| 3 Bedrooms | 138 | 155 | +12.3% |
| 4 Bedrooms | 13 | 12 | -7.7% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Port Richey housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 60%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 12.3%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 69 | 57 | -17.4% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
13 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. 59.6% of homes here sold below asking price last month.
Summary: A total of 57 homes were sold or pending in Port Richey in November 2024, down by 17.4% month-over-month. Of the 57 sold homes, 60% were sold under asking, 18% were sold at asking, and 23% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 40 Days | 53 Days | +30.0% |
Summary: Homes in Port Richey had an average of 53 days on market in Nov 2024, up by 30% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
9 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 November 2024, 57 homes were sold in Port Richey; 46% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
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