Is North Port, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$368,044
$232/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in North Port have sold for 4.3% less than they did a year ago.
Summary: The median home sold price in North Port was $368,044 in March 2024, down 4.3% from last year, and the median price per square foot was $232.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170K | $133.5K | -21.4% |
| 2 Bedrooms | $329K | $272.7K | -17.1% |
| 3 Bedrooms | $379.9K | $367.9K | -3.2% |
| 4 Bedrooms | $484K | $422.7K | -12.6% |
| 5+ Bedrooms | $650K | $594.5K | -8.5% |
Summary: North Port housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.4%, 2 bedroom homes decreased by 17.1%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes decreased by 12.6%, and 5+ bedroom homes decreased by 8.5%.
Median Sold Price Compared To Nearby Cities
| Port Charlotte | $323.3K | $325.1K | +0.6% |
| Arcadia West | $285K | $279K | -2.1% |
| North Port | $384.4K | $368K | -4.3% |
| Grove City-Rotonda | $419.1K | $380.8K | -9.1% |
Housing Supply in North Port, FL
How many homes are available in North Port, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1,563 | 1,670 | +6.8% |
Summary: The North Port real estate market had 1,670 homes for sale in March 2024, a 6.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 324 | 337 | +4.0% |
| 3 Bedrooms | 1,021 | 1,087 | +6.5% |
| 4 Bedrooms | 205 | 229 | +11.7% |
| 5+ Bedrooms | 12 | 15 | +25.0% |
Summary: The North Port housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 168 | 199 | +18.5% |
Asking Price vs. Sold Price
132 Homes Were Sold
Under Asking
45 Homes Were Sold
At Asking
22 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. 66.3% of homes here sold below asking price last month.
Summary: A total of 199 homes were sold or pending in North Port in March 2024, up by 18.5% month-over-month. Of the 199 sold homes, 66% were sold under asking, 23% were sold at asking, and 11% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 37 Days | 69 Days | +87.4% |
Summary: Homes in North Port had an average of 69 days on market in Mar 2024, up by 87.4% compared to last year.
Breakdown of Home Sale Times
80 Homes Were Sold
Under 30 Days
55 Homes Were Sold
In 30 - 90 Days
64 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North Port are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 199 homes were sold in North Port; 40% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.
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