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 buyer's market

Buyer's
Market

Difference Since February 2023

Since last year, North Port has remained a Buyer'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

$370,032

$234/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$14,872(-3.9%)

Key Takeaway

Homes in North Port have sold for 3.9% less than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $165K$155K
-6.1%
2 $316.9K$282K
-11.0%
3 $379.9K$370K
-2.6%
4 $485K$420K
-13.4%
5+ $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
+1.5%
North Port
-3.9%
Arcadia West
-4.5%
Grove City-Rotonda
-6.2%

Housing Supply in North Port, FL

How many homes are available in North Port, FL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1,4161,578+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

# BEDSJan 2024Feb 2024CHANGE
1 11
0.0%
2 293339
+15.7%
3 9191,014
+10.3%
4 190212
+11.6%
5+ 1312
-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 2024Feb 2024CHANGE
136150+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Port, you may be able to get a good deal. 72.7% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
39 Days73 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in North Port are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

Newest Listings in North Port, FL

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