Is Naples, NY 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, Naples was a Neutral 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
$249,950
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Naples have sold for 3.9% less than they did a year ago.
Summary: The median home sold price in Naples was $249,950 in May 2024, down 3.9% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $75K | $162.5K | +116.7% |
| 2 Bedrooms | $143K | $280K | +95.8% |
| 3 Bedrooms | $287K | $245.7K | -14.4% |
| 4 Bedrooms | $425K | $226.1K | -46.8% |
| 5+ Bedrooms | $290K | $400K | +37.9% |
Summary: Naples housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 116.7%, 2 bedroom homes increased by 95.8%, 3 bedroom homes decreased by 14.4%, 4 bedroom homes decreased by 46.8%, and 5+ bedroom homes increased by 37.9%.
Housing Supply in Naples, NY
How many homes are available in Naples, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 12 | -7.7% |
Summary: The Naples real estate market had 12 homes for sale in May 2024, a 7.7% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 3 | 1 | -66.7% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Naples housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Naples, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Naples in May 2024, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 22 Days | 5 Days | -75.8% |
Summary: Homes in Naples had an average of 5 days on market in May 2024, down by 75.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were 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 May 2024, 3 homes were sold in Naples; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
