Is Punta Gorda, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Punta Gorda was a Seller's Market.
Housing Prices in Punta Gorda, FL
How much do homes in Punta Gorda, FL cost?
Median Sold Price
$379,588
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Punta Gorda was $379,588 in May 2024, down 8.8% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $180K | $141K | -21.7% |
2 Bedrooms | $305.6K | $284.9K | -6.8% |
3 Bedrooms | $499.5K | $438.1K | -12.3% |
4 Bedrooms | $450.2K | $406.1K | -9.8% |
5+ Bedrooms | $600K | $622.5K | +3.8% |
Summary: Punta Gorda housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.7%, 2 bedroom homes decreased by 6.8%, 3 bedroom homes decreased by 12.3%, 4 bedroom homes decreased by 9.8%, and 5+ bedroom homes increased by 3.8%.
Median Sold Price Compared To Nearby Cities
Port Charlotte | $320K | $324.9K | +1.5% |
Punta Gorda | $416.3K | $379.5K | -8.8% |
Housing Supply in Punta Gorda, FL
How many homes are available in Punta Gorda, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2,428 | 2,396 | -1.3% |
Summary: The Punta Gorda real estate market had 2,396 homes for sale in May 2024, a 1.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 16 | 16 | 0.0% |
2 Bedrooms | 708 | 699 | -1.3% |
3 Bedrooms | 1,280 | 1,240 | -3.1% |
4 Bedrooms | 370 | 388 | +4.9% |
5+ Bedrooms | 54 | 53 | -1.9% |
Summary: The Punta Gorda housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 1.3%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes decreased by 1.9%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
326 | 305 | -6.4% |
Asking Price vs. Sold Price
243 Homes Were Sold
Under Asking
49 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 305 homes were sold or pending in Punta Gorda in May 2024, down by 6.4% month-over-month. Of the 305 sold homes, 80% were sold under asking, 16% were sold at asking, and 4% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
43 Days | 92 Days | +113.2% |
Summary: Homes in Punta Gorda had an average of 92 days on market in May 2024, up by 113.2% compared to last year.
Breakdown of Home Sale Times
94 Homes Were Sold
Under 30 Days
105 Homes Were Sold
In 30 - 90 Days
106 Homes Were Sold
Over 90 Days
Summary: During May 2024, 305 homes were sold in Punta Gorda; 31% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 35% of homes were sold over 90 days.