Is Naples, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Naples has remained a Buyer's Market.
Housing Prices in Naples, FL
How much do homes in Naples, FL cost?
Median Sold Price
$625,939
$352/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Naples was $625,939 in February 2024, up 13.8% from last year, and the median price per square foot was $352.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $280K | $259.7K | -7.2% |
2 Bedrooms | $417.5K | $441.7K | +5.8% |
3 Bedrooms | $627.7K | $685.8K | +9.3% |
4 Bedrooms | $952.5K | $1.1M | +16.5% |
5+ Bedrooms | $1.5M | $1.5M | +1.9% |
Summary: Naples housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.2%, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 16.5%, and 5+ bedroom homes increased by 1.9%.
Housing Supply in Naples, FL
How many homes are available in Naples, FL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
5,516 | 6,280 | +13.9% |
Summary: The Naples real estate market had 6,280 homes for sale in February 2024, a 13.9% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 98 | 112 | +14.3% |
2 Bedrooms | 1,875 | 2,135 | +13.9% |
3 Bedrooms | 2,369 | 2,679 | +13.1% |
4 Bedrooms | 844 | 976 | +15.6% |
5+ Bedrooms | 330 | 378 | +14.5% |
Summary: The Naples housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 13.9%, 3 bedroom homes increased by 13.1%, 4 bedroom homes increased by 15.6%, and 5+ bedroom homes increased by 14.5%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
445 | 550 | +23.6% |
Asking Price vs. Sold Price
451 Homes Were Sold
Under Asking
69 Homes Were Sold
At Asking
30 Homes Were Sold
Over Asking
Summary: A total of 550 homes were sold or pending in Naples in February 2024, up by 23.6% month-over-month. Of the 550 sold homes, 82% were sold under asking, 13% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
63 Days | 68 Days | +7.1% |
Summary: Homes in Naples had an average of 68 days on market in Feb 2024, up by 7.1% compared to last year.
Breakdown of Home Sale Times
217 Homes Were Sold
Under 30 Days
186 Homes Were Sold
In 30 - 90 Days
147 Homes Were Sold
Over 90 Days
Summary: During February 2024, 550 homes were sold in Naples; 39% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.