$2,968 Closing Credit*
$249,900
987 SqFt
2 Beds
•2 Full Baths
Kathleen Despota, Listing Office: BHHS FLORIDA PROPERTIES GROUP
Is New Port Richey, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, New Port Richey was a Seller's Market.
Key Takeaway
New Port Richey is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in New Port Richey, FL
How much do homes in New Port Richey, FL cost?
Median Sold Price
$298,468
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$13,086(+4.6%)
Key Takeaway
Homes in New Port Richey have sold for 4.6% more than they did a year ago.
Summary: The median home sold price in New Port Richey was $298,468 in September 2024, up 4.6% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $112K | $110K | -1.8% |
| 2 Bedrooms | $220K | $230K | +4.5% |
| 3 Bedrooms | $335.1K | $334.8K | -0.1% |
| 4 Bedrooms | $470K | $490.7K | +4.4% |
| 5+ Bedrooms | $605K | $665K | +9.9% |
Summary: New Port Richey housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.8%, 2 bedroom homes increased by 4.5%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 9.9%.
Median Sold Price Compared To Nearby Cities
| New Port Richey | $285.3K | $298.4K | +4.6% |
| Port Richey | $244.8K | $247.8K | +1.2% |
Housing Supply in New Port Richey, FL
How many homes are available in New Port Richey, FL?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 1,048 | 1,034 | -1.3% |
Summary: The New Port Richey real estate market had 1,034 homes for sale in September 2024, a 1.3% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 61 | 65 | +6.6% |
| 2 Bedrooms | 447 | 430 | -3.8% |
| 3 Bedrooms | 376 | 376 | 0.0% |
| 4 Bedrooms | 116 | 118 | +1.7% |
| 5+ Bedrooms | 48 | 45 | -6.3% |
Summary: The New Port Richey housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.6%, 2 bedroom homes decreased by 3.8%, 3 bedroom homes remained the same, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes decreased by 6.3%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 179 | 123 | -31.3% |
Asking Price vs. Sold Price
93 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Port Richey, you may be able to get a good deal. 75.6% of homes here sold below asking price last month.
Summary: A total of 123 homes were sold or pending in New Port Richey in September 2024, down by 31.3% month-over-month. Of the 123 sold homes, 76% were sold under asking, 14% were sold at asking, and 11% were sold over asking.
Days on Market for New Port Richey, FL
How long does it take to sell a home in New Port Richey, FL?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 27 Days | 58 Days | +116.1% |
Summary: Homes in New Port Richey had an average of 58 days on market in Sep 2024, up by 116.1% compared to last year.
Breakdown of Home Sale Times
57 Homes Were Sold
Under 30 Days
33 Homes Were Sold
In 30 - 90 Days
33 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in New Port Richey are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 123 homes were sold in New Port Richey; 46% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
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