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 June 2023
At the same time last year, New Port Richey was a Seller's Market.
Key Takeaway
New Port Richey is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in New Port Richey, FL
How much do homes in New Port Richey, FL cost?
Median Sold Price
$299,686
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in New Port Richey have sold for 6% more than they did a year ago.
Summary: The median home sold price in New Port Richey was $299,686 in June 2024, up 6% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $112K | $111K | -0.9% |
| 2 Bedrooms | $217.6K | $230K | +5.7% |
| 3 Bedrooms | $337.8K | $335K | -0.8% |
| 4 Bedrooms | $460K | $495.3K | +7.7% |
| 5+ Bedrooms | $551.9K | $652.4K | +18.2% |
Summary: New Port Richey housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.9%, 2 bedroom homes increased by 5.7%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 18.2%.
Median Sold Price Compared To Nearby Cities
| New Port Richey | $282.7K | $299.6K | +6.0% |
| Port Richey | $249.4K | $244.6K | -1.9% |
Housing Supply in New Port Richey, FL
How many homes are available in New Port Richey, FL?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 1,170 | 1,172 | 0.2% |
Summary: The New Port Richey real estate market had 1,172 homes for sale in June 2024, a 0.2% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 59 | 67 | +13.6% |
| 2 Bedrooms | 502 | 491 | -2.2% |
| 3 Bedrooms | 421 | 416 | -1.2% |
| 4 Bedrooms | 142 | 141 | -0.7% |
| 5+ Bedrooms | 46 | 57 | +23.9% |
Summary: The New Port Richey housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 13.6%, 2 bedroom homes decreased by 2.2%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes increased by 23.9%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 209 | 184 | -12.0% |
Asking Price vs. Sold Price
123 Homes Were Sold
Under Asking
29 Homes Were Sold
At Asking
32 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. 66.8% of homes here sold below asking price last month.
Summary: A total of 184 homes were sold or pending in New Port Richey in June 2024, down by 12.0% month-over-month. Of the 184 sold homes, 67% were sold under asking, 16% were sold at asking, and 17% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 36 Days | 49 Days | +35.6% |
Summary: Homes in New Port Richey had an average of 49 days on market in Jun 2024, up by 35.6% compared to last year.
Breakdown of Home Sale Times
94 Homes Were Sold
Under 30 Days
61 Homes Were Sold
In 30 - 90 Days
29 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 June 2024, 184 homes were sold in New Port Richey; 51% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
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