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

Housing Market Conditions

Neutral
Market

Seller's
Market

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

Buyer's
Market

Difference Since November 2023

At the same time last year, Southeast New Port Richey was a Seller's Market.

Key Takeaway

Southeast 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 Southeast New Port Richey, FL

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

Median Sold Price

$235,000

$202/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$3,000(+1.3%)

Key Takeaway

Homes in Southeast New Port Richey have sold for 1.3% more than they did a year ago.

Summary: The median home sold price in Southeast New Port Richey was $235,000 in November 2024, up 1.3% from last year, and the median price per square foot was $202.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $197.5K$214.9K
+8.8%
3 $269.4K$265K
-1.7%
4 $328.5K$277.5K
-15.5%
5+ $362K-
N/A

Summary: Southeast New Port Richey housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.8%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes decreased by 15.5%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Southeast New Port Richey
+1.3%
Elfers
-2.1%

Housing Supply in Southeast New Port Richey, FL

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

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2734+25.9%

Summary: The Southeast New Port Richey real estate market had 34 homes for sale in November 2024, a 25.9% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1821
+16.7%
3 812
+50.0%
4 11
0.0%
5+ 00
0.0%

Summary: The Southeast New Port Richey housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
52-60.0%

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 Southeast 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 Southeast New Port Richey in November 2024, down by 60.0% month-over-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 Southeast New Port Richey, FL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
42 Days144 Days+239.6%

Summary: Homes in Southeast New Port Richey had an average of 144 days on market in Nov 2024, up by 239.6% 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 Southeast New Port Richey are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 2 homes were sold in Southeast 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 17 Days Ago

Newest Listings in Southeast New Port Richey, FL

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