$5,284 Closing Credit*
$445,000
1,741 SqFt
3 Beds
•2 Full Baths
Lindsey Moffat, Listing Office: DomainRealty.com LLC
Is Punta Gorda, 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, Punta Gorda was a Neutral Market.
Key Takeaway
Punta Gorda is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Punta Gorda, FL
How much do homes in Punta Gorda, FL cost?
Median Sold Price
$375,207
$221/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$18,536(-4.7%)
Key Takeaway
Homes in Punta Gorda have sold for 4.7% less than they did a year ago.
Summary: The median home sold price in Punta Gorda was $375,207 in October 2024, down 4.7% from last year, and the median price per square foot was $221.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $149.5K | $153.5K | +2.7% |
| 2 Bedrooms | $290.9K | $275K | -5.5% |
| 3 Bedrooms | $463.4K | $430K | -7.2% |
| 4 Bedrooms | $407.4K | $406.5K | -0.2% |
| 5+ Bedrooms | $621.2K | $606K | -2.5% |
Summary: Punta Gorda housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.7%, 2 bedroom homes decreased by 5.5%, 3 bedroom homes decreased by 7.2%, 4 bedroom homes decreased by 0.2%, and 5+ bedroom homes decreased by 2.5%.
Median Sold Price Compared To Nearby Cities
| Port Charlotte | $320.7K | $320.9K | 0.1% |
| Punta Gorda | $393.7K | $375.2K | -4.7% |
Housing Supply in Punta Gorda, FL
How many homes are available in Punta Gorda, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1,937 | 2,044 | +5.5% |
Summary: The Punta Gorda real estate market had 2,044 homes for sale in October 2024, a 5.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 15 | 16 | +6.7% |
| 2 Bedrooms | 551 | 592 | +7.4% |
| 3 Bedrooms | 952 | 984 | +3.4% |
| 4 Bedrooms | 378 | 405 | +7.1% |
| 5+ Bedrooms | 41 | 47 | +14.6% |
Summary: The Punta Gorda housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.7%, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 14.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 166 | 193 | +16.3% |
Asking Price vs. Sold Price
144 Homes Were Sold
Under Asking
35 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Punta Gorda, you may be able to get a good deal. 74.6% of homes here sold below asking price last month.
Summary: A total of 193 homes were sold or pending in Punta Gorda in October 2024, up by 16.3% month-over-month. Of the 193 sold homes, 75% were sold under asking, 18% were sold at asking, and 7% were sold over asking.
Days on Market for Punta Gorda, FL
How long does it take to sell a home in Punta Gorda, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 62 Days | 91 Days | +44.6% |
Summary: Homes in Punta Gorda had an average of 91 days on market in Oct 2024, up by 44.6% compared to last year.
Breakdown of Home Sale Times
62 Homes Were Sold
Under 30 Days
59 Homes Were Sold
In 30 - 90 Days
72 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Punta Gorda are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 193 homes were sold in Punta Gorda; 32% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 37% of homes were sold over 90 days.
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