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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Port is a neutral's market

Buyer's
Market

Difference Since September 2021

At the same time last year, North Port was a Seller's Market.

Key Takeaway

North Port is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in North Port, FL cost?

Median Sold Price

$374,950

$234/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$100,068(+36.4%)

Key Takeaway

Homes in North Port have sold for 36.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $196.5K$157.5K
-19.8%
2 $244.9K$291.7K
+19.1%
3 $269.9K$374.3K
+38.6%
4 $353K$483.7K
+37.0%
5+ $562.4K$650K
+15.6%

Median Sold Price Compared To Nearby Cities

North Port
+36.4%
Arcadia West
+29.6%
Port Charlotte
+29.1%
Grove City-Rotonda
+22.0%

How many homes are available in North Port, FL?

Number of Homes For Sale

Aug 2022Sep 2022%
832741-10.9%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 44
0.0%
2 10591
-13.3%
3 589534
-9.3%
4 117100
-14.5%
5+ 1712
-29.4%

Number of Homes Sold

Aug 2022Sep 2022%
212122-42.5%

Asking Price vs. Sold Price

65 Homes Were Sold
Under Asking

37 Homes Were Sold
At Asking

20 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Port, you may be able to get a good deal. 53.3% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
11 Days23 Days+110.3%

Breakdown of Home Sale Times

83 Homes Were Sold
Under 30 Days

34 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in North Port 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 North Port, FL

Homes for sale in North Port, FL have reached 741. In September 2022 in North Port, FL there were 10.9% less homes for sale than in August 2022. While the average time on the market in September 2022 was 23 days, the median list price was $374,950. Listing prices have changed in this real estate market between August 2022 and September 2022: prices of 1 bedroom properties went down by 19.8%, the cost of 2 bedrooms properties went up by 19.1%, the cost of 3 bedrooms properties went up by 38.6%, prices of 4 bedrooms properties went up by 37%, 5 bedrooms properties prices increased by 15.6%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes did not move, the quantity of 2 bedrooms homes went down by 13.3%, 3 bedrooms homes inventory decreased by 9.3%, number of 4 bedrooms homes decreased by 14.5%, volume of 5 bedrooms homes went down by 29.4%. Over 20 listings were sold over their listed price in September 2022 in North Port, FL. In the same period over 65 listings were sold below the listed price and 37 listings were sold for the listed price.

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