Is Port Richey, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Port Richey has remained a Seller's Market.
Key Takeaway
Port Richey is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Port Richey, FL
How much do homes in Port Richey, FL cost?
Median Sold Price
$244,636
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Port Richey have sold for 1.9% less than they did a year ago.
Summary: The median home sold price in Port Richey was $244,636 in June 2024, down 1.9% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $85.5K | $60K | -29.8% |
| 2 Bedrooms | $230K | $225K | -2.2% |
| 3 Bedrooms | $275K | $275K | 0.0% |
| 4 Bedrooms | $330K | $311K | -5.8% |
| 5+ Bedrooms | $420K | $362.5K | -13.7% |
Summary: Port Richey housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 29.8%, 2 bedroom homes decreased by 2.2%, 3 bedroom homes did not change, 4 bedroom homes decreased by 5.8%, and 5+ bedroom homes decreased by 13.7%.
Median Sold Price Compared To Nearby Cities
| New Port Richey | $282.7K | $299.6K | +6.0% |
| Port Richey | $249.4K | $244.6K | -1.9% |
Housing Supply in Port Richey, FL
How many homes are available in Port Richey, FL?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 468 | 460 | -1.7% |
Summary: The Port Richey real estate market had 460 homes for sale in June 2024, a 1.7% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 8 | +60.0% |
| 2 Bedrooms | 262 | 256 | -2.3% |
| 3 Bedrooms | 176 | 170 | -3.4% |
| 4 Bedrooms | 24 | 26 | +8.3% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Port Richey housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 60%, 2 bedroom homes decreased by 2.3%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 110 | 83 | -24.5% |
Asking Price vs. Sold Price
42 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Port Richey, you may be able to get a good deal. 50.6% of homes here sold below asking price last month.
Summary: A total of 83 homes were sold or pending in Port Richey in June 2024, down by 24.5% month-over-month. Of the 83 sold homes, 51% were sold under asking, 28% were sold at asking, and 22% were sold over asking.
Days on Market for Port Richey, FL
How long does it take to sell a home in Port Richey, FL?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 38 Days | 42 Days | +12.6% |
Summary: Homes in Port Richey had an average of 42 days on market in Jun 2024, up by 12.6% compared to last year.
Breakdown of Home Sale Times
48 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Port Richey are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 83 homes were sold in Port Richey; 58% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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