Is Naples, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Naples was a Neutral Market.
Housing Prices in Naples, FL
How much do homes in Naples, FL cost?
Median Sold Price
$631,982
$355/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Naples was $631,982 in March 2024, up 4.7% from last year, and the median price per square foot was $355.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $275K | $270K | -1.8% |
2 Bedrooms | $428.7K | $449.7K | +4.9% |
3 Bedrooms | $650K | $691.6K | +6.4% |
4 Bedrooms | $1.1M | $1.1M | -3.1% |
5+ Bedrooms | $1.6M | $1.6M | -1.7% |
Summary: Naples housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.8%, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 6.4%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes decreased by 1.7%.
Housing Supply in Naples, FL
How many homes are available in Naples, FL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6,240 | 6,687 | +7.2% |
Summary: The Naples real estate market had 6,687 homes for sale in March 2024, a 7.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 108 | 117 | +8.3% |
2 Bedrooms | 2,107 | 2,285 | +8.4% |
3 Bedrooms | 2,688 | 2,851 | +6.1% |
4 Bedrooms | 945 | 1,007 | +6.6% |
5+ Bedrooms | 392 | 427 | +8.9% |
Summary: The Naples housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.3%, 2 bedroom homes increased by 8.4%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes increased by 8.9%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
606 | 797 | +31.5% |
Asking Price vs. Sold Price
660 Homes Were Sold
Under Asking
89 Homes Were Sold
At Asking
48 Homes Were Sold
Over Asking
Summary: A total of 797 homes were sold or pending in Naples in March 2024, up by 31.5% month-over-month. Of the 797 sold homes, 83% were sold under asking, 11% were sold at asking, and 6% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
52 Days | 69 Days | +32.1% |
Summary: Homes in Naples had an average of 69 days on market in Mar 2024, up by 32.1% compared to last year.
Breakdown of Home Sale Times
329 Homes Were Sold
Under 30 Days
232 Homes Were Sold
In 30 - 90 Days
236 Homes Were Sold
Over 90 Days
Summary: During March 2024, 797 homes were sold in Naples; 41% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.