Is Naples, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
Since last year, Naples has remained a Buyer's Market.
Key Takeaway
Naples is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Naples, FL
How much do homes in Naples, FL cost?
Median Sold Price
$622,013
$349/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Naples have sold for 15.2% more than they did a year ago.
Summary: The median home sold price in Naples was $622,013 in November 2023, up 15.2% from last year, and the median price per square foot was $349.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $275K | $246.5K | -10.4% |
| 2 Bedrooms | $450K | $431.9K | -4.0% |
| 3 Bedrooms | $625K | $675.8K | +8.1% |
| 4 Bedrooms | $895.1K | $1.1M | +22.9% |
| 5+ Bedrooms | $1.6M | $1.4M | -12.9% |
Summary: Naples housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 10.4%, 2 bedroom homes decreased by 4%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 22.9%, and 5+ bedroom homes decreased by 12.9%.
Housing Supply in Naples, FL
How many homes are available in Naples, FL?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 4,109 | 4,423 | +7.6% |
Summary: The Naples real estate market had 4,423 homes for sale in November 2023, a 7.6% increase compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 71 | 78 | +9.9% |
| 2 Bedrooms | 1,338 | 1,484 | +10.9% |
| 3 Bedrooms | 1,752 | 1,852 | +5.7% |
| 4 Bedrooms | 685 | 728 | +6.3% |
| 5+ Bedrooms | 263 | 281 | +6.8% |
Summary: The Naples housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 9.9%, 2 bedroom homes increased by 10.9%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 6.8%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 574 | 445 | -22.5% |
Asking Price vs. Sold Price
361 Homes Were Sold
Under Asking
61 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Naples, you may be able to get a good deal. 81.1% of homes here sold below asking price last month.
Summary: A total of 445 homes were sold or pending in Naples in November 2023, down by 22.5% month-over-month. Of the 445 sold homes, 81% were sold under asking, 14% were sold at asking, and 5% were sold over asking.
Days on Market for Naples, FL
How long does it take to sell a home in Naples, FL?
Average Sale Time
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 27 Days | 58 Days | +115.9% |
Summary: Homes in Naples had an average of 58 days on market in Nov 2023, up by 115.9% compared to last year.
Breakdown of Home Sale Times
224 Homes Were Sold
Under 30 Days
110 Homes Were Sold
In 30 - 90 Days
111 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 November 2023, 445 homes were sold in Naples; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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