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 seller's market

Buyer's
Market

Difference Since August 2021

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

Key Takeaway

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

How much do homes in North Port, FL cost?

Median Sold Price

$369,978

$230/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$101,477(+37.8%)

Key Takeaway

Homes in North Port have sold for 37.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $160.2K$165K
+3.0%
2 $242.5K$291K
+20.0%
3 $262.3K$367.8K
+40.2%
4 $339K$482.3K
+42.3%
5+ $535K$624K
+16.6%

Median Sold Price Compared To Nearby Cities

North Port
+37.8%
Port Charlotte
+27.9%
Grove City-Rotonda
+23.9%
Arcadia West
+20.7%

How many homes are available in North Port, FL?

Number of Homes For Sale

Jul 2022Aug 2022%
814810-0.5%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 22
0.0%
2 103102
-1.0%
3 586582
-0.7%
4 107108
+0.9%
5+ 1616
0.0%

Number of Homes Sold

Jul 2022Aug 2022%
202201-0.5%

Asking Price vs. Sold Price

99 Homes Were Sold
Under Asking

52 Homes Were Sold
At Asking

50 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. 49.3% of homes here sold below asking price last month.

Average Sale Time

Aug 2021Aug 2022%
10 Days19 Days+76.0%

Breakdown of Home Sale Times

155 Homes Were Sold
Under 30 Days

43 Homes Were Sold
In 30 - 90 Days

3 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

North Port, FL has 810 homes for sale to choose from. In August 2022 in North Port, FL there were 0.5% less homes for sale than in July 2022. In August 2022, listings were on the market for 19 days. During the same period, the median list price in this real estate market was $369,978. Between July 2022 and August 2022, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties increased by 3%, prices of 2 bedrooms properties went up by 20%, prices of 3 bedrooms properties increased by 40.2%, the cost of 4 bedrooms properties went up by 42.3%, 5 bedrooms properties became 16.6% more expensive. This housing market inventory have changed: the quantity of 1 bedroom homes have not changed, the quantity of 2 bedrooms homes went down by 1%, volume of 3 bedrooms homes went down by 0.7%, number of 4 bedrooms homes increased by 0.9%, the quantity of 5 bedrooms homes have not changed. In August 2022 more than 50 listings in North Port, FL were sold above the asking price. During the same period more than 52 listings were sold at asking price, while more than 99 were sold below.

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