Is New Port Richey, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing New Port Richey is a seller's market

Buyer's
Market

Difference Since October 2021

Since last year, New Port Richey has remained a Seller's Market.

Key Takeaway

New Port Richey is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in New Port Richey, FL cost?

Median Sold Price

$235,166

$186/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$55,166(+30.6%)

Key Takeaway

Homes in New Port Richey have sold for 30.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $69K$87.5K
+26.8%
2 $147.3K$198.8K
+35.0%
3 $226.5K$290K
+28.0%
4 $293K$329K
+12.3%
5+ $348.5K$497.5K
+42.8%

Median Sold Price Compared To Nearby Cities

New Port Richey
+30.6%
Port Richey
+26.9%

How many homes are available in New Port Richey, FL?

Number of Homes For Sale

Sep 2022Oct 2022%
104102-1.9%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 56
+20.0%
2 4439
-11.4%
3 4642
-8.7%
4 814
+75.0%
5+ 11
0.0%

Number of Homes Sold

Sep 2022Oct 2022%
3222-31.3%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in New Port Richey, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
11 Days37 Days+223.3%

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About New Port Richey, FL

There are 102 homes are for sale in New Port Richey, FL real estate market. In October 2022 in New Port Richey, FL there were 1.9% less homes for sale than in September 2022. In October 2022 median list price was $235,166 and the average listing age was 37 days. This housing market listing prices have changed between September 2022 and October 2022: prices of 1 bedroom properties went up by 26.8%, 2 bedrooms properties prices increased by 35%, prices of 3 bedrooms properties went up by 28%, the cost of 4 bedrooms properties went up by 12.3%, 5 bedrooms properties prices increased by 42.8%. Volume of homes for sale changed: the quantity of 1 bedroom homes went up by 20%, 2 bedrooms homes inventory decreased by 11.4%, volume of 3 bedrooms homes went down by 8.7%, volume of 4 bedrooms homes went up by 75%, volume of 5 bedrooms homes stayed the same. While more than 4 listings in New Port Richey, FL in October 2022 were sold above asking price, there were more than 6 listings sold at asking price, and more than 12 were sold below.

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