Is Port Charlotte, 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, Port Charlotte was a Seller's Market.
Housing Prices in Port Charlotte, FL
How much do homes in Port Charlotte, FL cost?
Median Sold Price
$325,124
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Port Charlotte was $325,124 in March 2024, up 0.6% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $130K | $135K | +3.8% |
2 Bedrooms | $225K | $225.2K | 0.1% |
3 Bedrooms | $374.8K | $355.8K | -5.1% |
4 Bedrooms | $397.5K | $383.1K | -3.6% |
5+ Bedrooms | $560K | $515K | -8.0% |
Summary: Port Charlotte housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.8%, 2 bedroom homes increased by 0.1%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes decreased by 8%.
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% |
Punta Gorda | $430K | $379.9K | -11.6% |
Housing Supply in Port Charlotte, FL
How many homes are available in Port Charlotte, FL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2,510 | 2,651 | +5.6% |
Summary: The Port Charlotte real estate market had 2,651 homes for sale in March 2024, a 5.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 24 | 29 | +20.8% |
2 Bedrooms | 660 | 709 | +7.4% |
3 Bedrooms | 1,360 | 1,419 | +4.3% |
4 Bedrooms | 418 | 443 | +6.0% |
5+ Bedrooms | 48 | 51 | +6.3% |
Summary: The Port Charlotte housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20.8%, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 6.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
280 | 318 | +13.6% |
Asking Price vs. Sold Price
230 Homes Were Sold
Under Asking
60 Homes Were Sold
At Asking
28 Homes Were Sold
Over Asking
Summary: A total of 318 homes were sold or pending in Port Charlotte in March 2024, up by 13.6% month-over-month. Of the 318 sold homes, 72% were sold under asking, 19% were sold at asking, and 9% were sold over asking.
Days on Market for Port Charlotte, FL
How long does it take to sell a home in Port Charlotte, FL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
40 Days | 77 Days | +89.3% |
Summary: Homes in Port Charlotte had an average of 77 days on market in Mar 2024, up by 89.3% compared to last year.
Breakdown of Home Sale Times
110 Homes Were Sold
Under 30 Days
107 Homes Were Sold
In 30 - 90 Days
101 Homes Were Sold
Over 90 Days
Summary: During March 2024, 318 homes were sold in Port Charlotte; 35% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.