Is Naples, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Naples is a buyer's market

Buyer's
Market

Difference Since February 2023

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

$625,939

$352/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$75,939(+13.8%)

Key Takeaway

Homes in Naples have sold for 13.8% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $280K$259.7K
-7.2%
2 $417.5K$441.7K
+5.8%
3 $627.7K$685.8K
+9.3%
4 $952.5K$1.1M
+16.5%
5+ $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 2024Feb 2024CHANGE
5,5166,280+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

# BEDSJan 2024Feb 2024CHANGE
1 98112
+14.3%
2 1,8752,135
+13.9%
3 2,3692,679
+13.1%
4 844976
+15.6%
5+ 330378
+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 2024Feb 2024CHANGE
445550+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Naples, you may be able to get a good deal. 82% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
63 Days68 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Naples are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

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