Is North Port, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, North Port has remained a Buyer's Market.
Housing Prices in North Port, FL
How much do homes in North Port, FL cost?
Median Sold Price
$370,032
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in North Port was $370,032 in February 2024, down 3.9% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $165K | $155K | -6.1% |
2 Bedrooms | $316.9K | $282K | -11.0% |
3 Bedrooms | $379.9K | $370K | -2.6% |
4 Bedrooms | $485K | $420K | -13.4% |
5+ Bedrooms | $696.2K | $584.7K | -16.0% |
Summary: North Port housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.1%, 2 bedroom homes decreased by 11%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes decreased by 13.4%, and 5+ bedroom homes decreased by 16%.
Median Sold Price Compared To Nearby Cities
Port Charlotte | $320K | $324.7K | +1.5% |
North Port | $384.9K | $370K | -3.9% |
Arcadia West | $290K | $277K | -4.5% |
Grove City-Rotonda | $415.2K | $389.4K | -6.2% |
Housing Supply in North Port, FL
How many homes are available in North Port, FL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
1,416 | 1,578 | +11.4% |
Summary: The North Port real estate market had 1,578 homes for sale in February 2024, a 11.4% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 293 | 339 | +15.7% |
3 Bedrooms | 919 | 1,014 | +10.3% |
4 Bedrooms | 190 | 212 | +11.6% |
5+ Bedrooms | 13 | 12 | -7.7% |
Summary: The North Port housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 15.7%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes decreased by 7.7%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
136 | 150 | +10.3% |
Asking Price vs. Sold Price
109 Homes Were Sold
Under Asking
30 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 150 homes were sold or pending in North Port in February 2024, up by 10.3% month-over-month. Of the 150 sold homes, 73% were sold under asking, 20% were sold at asking, and 7% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
39 Days | 73 Days | +85.2% |
Summary: Homes in North Port had an average of 73 days on market in Feb 2024, up by 85.2% compared to last year.
Breakdown of Home Sale Times
54 Homes Were Sold
Under 30 Days
52 Homes Were Sold
In 30 - 90 Days
44 Homes Were Sold
Over 90 Days
Summary: During February 2024, 150 homes were sold in North Port; 36% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.