Is Port Richey, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$240,000
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Port Richey have sold for 6.5% less than they did a year ago.
Summary: The median home sold price in Port Richey was $240,000 in March 2024, down 6.5% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $85.5K | $70K | -18.1% |
| 2 Bedrooms | $235K | $225K | -4.3% |
| 3 Bedrooms | $282.7K | $275K | -2.7% |
| 4 Bedrooms | $460K | $330K | -28.3% |
| 5+ Bedrooms | $935K | $362.5K | -61.2% |
Summary: Port Richey housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.1%, 2 bedroom homes decreased by 4.3%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes decreased by 28.3%, and 5+ bedroom homes decreased by 61.2%.
Median Sold Price Compared To Nearby Cities
| New Port Richey | $275.3K | $293.8K | +6.7% |
| Port Richey | $256.5K | $240K | -6.5% |
Housing Supply in Port Richey, FL
How many homes are available in Port Richey, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 435 | 441 | +1.4% |
Summary: The Port Richey real estate market had 441 homes for sale in March 2024, a 1.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 239 | 253 | +5.9% |
| 3 Bedrooms | 169 | 160 | -5.3% |
| 4 Bedrooms | 23 | 22 | -4.3% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Port Richey housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 5.9%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 72 | 82 | +13.9% |
Asking Price vs. Sold Price
50 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
14 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. 61% of homes here sold below asking price last month.
Summary: A total of 82 homes were sold or pending in Port Richey in March 2024, up by 13.9% month-over-month. Of the 82 sold homes, 61% were sold under asking, 22% were sold at asking, and 17% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 48 Days | 57 Days | +19.3% |
Summary: Homes in Port Richey had an average of 57 days on market in Mar 2024, up by 19.3% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
25 Homes Were Sold
In 30 - 90 Days
22 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 March 2024, 82 homes were sold in Port Richey; 43% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
The information contained herein has been provided by by Hernando County Association of REALTORS®. This information is from sources deemed reliable but not guaranteed. The information is for consumers' personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing. The information contained in this web site is believed to be reliable and while every effort is made to assure that the information is as accurate as possible, the owner of this site disclaims any implied warranty or representation about it's accuracy, completeness or appropriateness for any particular purpose. This includes but is not limited to information provided by any third party which is accessed through this site via a hyperlink. Those persons who access this information assume full responsibility for the use of said information and understand and agree that the owner of this site named above not responsible or liable for any claim, loss or damage arising from the use of any information contained in this site. Any reference to specific products, companies or services does not necessarily constitute or imply recommendation or endorsement by the owner of this site. 
The data relating to real estate for sale on this website comes in part from the Southwest Florida Multiple Listing Service. The information being provided is for consumers` personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information has not been verified, is not guaranteed, and is subject to change. Real estate listings held by other brokerage firms other are marked with the IDX logo and detailed information about them includes the name of the listing brokers.