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.
Key Takeaway
Port Charlotte is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
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
Key Takeaway
Homes in Port Charlotte have sold for 0.6% more than they did a year ago.
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
Key Takeaway
If you're buying a home in Port Charlotte, you may be able to get a good deal. 72.3% of homes here sold below asking price last month.
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
Key Takeaway
Many homes in Port Charlotte are selling fast, if you're buying plan to act quickly.
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.
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