$5,451 Closing Credit*
$459,000
1,437 SqFt
2 Beds
•2 Full Baths
Maryann Regal, Listing Office: GULF SHORES REALTY
Is North Port, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
At the same time last year, North Port was a Seller's Market.
Key Takeaway
North Port is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in North Port, FL
How much do homes in North Port, FL cost?
Median Sold Price
$361,684
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
-$13,315(-3.6%)
Key Takeaway
Homes in North Port have sold for 3.6% less than they did a year ago.
Summary: The median home sold price in North Port was $361,684 in August 2024, down 3.6% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170K | $80K | -52.9% |
| 2 Bedrooms | $299.9K | $278.4K | -7.2% |
| 3 Bedrooms | $375K | $358.8K | -4.3% |
| 4 Bedrooms | $425.2K | $424.9K | -0.1% |
| 5+ Bedrooms | $596.7K | $629.4K | +5.5% |
Summary: North Port housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 52.9%, 2 bedroom homes decreased by 7.2%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes increased by 5.5%.
Median Sold Price Compared To Nearby Cities
| Port Charlotte | $315.2K | $324.9K | +3.1% |
| Grove City-Rotonda | $394.9K | $385K | -2.5% |
| North Port | $375K | $361.6K | -3.6% |
| Arcadia West | $292.5K | $278K | -5.0% |
Housing Supply in North Port, FL
How many homes are available in North Port, FL?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 1,440 | 1,448 | +0.6% |
Summary: The North Port real estate market had 1,448 homes for sale in August 2024, a 0.6% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 211 | 219 | +3.8% |
| 3 Bedrooms | 987 | 978 | -0.9% |
| 4 Bedrooms | 225 | 233 | +3.6% |
| 5+ Bedrooms | 17 | 18 | +5.9% |
Summary: The North Port housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 3.8%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 5.9%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 190 | 206 | +8.4% |
Asking Price vs. Sold Price
149 Homes Were Sold
Under Asking
39 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Port, you may be able to get a good deal. 72.3% of homes here sold below asking price last month.
Summary: A total of 206 homes were sold or pending in North Port in August 2024, up by 8.4% month-over-month. Of the 206 sold homes, 72% were sold under asking, 19% were sold at asking, and 9% were sold over asking.
Days on Market for North Port, FL
How long does it take to sell a home in North Port, FL?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 52 Days | 90 Days | +71.5% |
Summary: Homes in North Port had an average of 90 days on market in Aug 2024, up by 71.5% compared to last year.
Breakdown of Home Sale Times
72 Homes Were Sold
Under 30 Days
52 Homes Were Sold
In 30 - 90 Days
82 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in North Port are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During August 2024, 206 homes were sold in North Port; 35% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
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