$3,551 Closing Credit*
$299,000
3,388 SqFt
5 Beds
•3 Full Baths
Pamela E Castronova, Listing Office: Howard Hanna
Is Naples, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Naples has remained a Seller's Market.
Key Takeaway
Naples is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Naples, NY
How much do homes in Naples, NY cost?
Median Sold Price
$255,000
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$3,000(+1.2%)
Key Takeaway
Homes in Naples have sold for 1.2% more than they did a year ago.
Summary: The median home sold price in Naples was $255,000 in October 2024, up 1.2% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | $150K | -14.3% |
| 2 Bedrooms | $235K | $225.9K | -3.8% |
| 3 Bedrooms | $247.8K | $301.2K | +21.5% |
| 4 Bedrooms | $326.5K | $245K | -25.0% |
| 5+ Bedrooms | $400K | $400K | 0.0% |
Summary: Naples housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.3%, 2 bedroom homes decreased by 3.8%, 3 bedroom homes increased by 21.5%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes did not change.
Housing Supply in Naples, NY
How many homes are available in Naples, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 27 | +12.5% |
Summary: The Naples real estate market had 27 homes for sale in October 2024, a 12.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 13 | 16 | +23.1% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Naples 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 50%, 3 bedroom homes increased by 23.1%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 10 | +150.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Naples, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Naples in October 2024, up by 150.0% month-over-month. Of the 10 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.
Days on Market for Naples, NY
How long does it take to sell a home in Naples, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 34 Days | 19 Days | -42.2% |
Summary: Homes in Naples had an average of 19 days on market in Oct 2024, down by 42.2% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Naples are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 10 homes were sold in Naples; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
