Is Port Richey, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Port Richey is a seller's market

Buyer's
Market

Difference Since October 2021

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.

How much do homes in Port Richey, FL cost?

Median Sold Price

$330,000

$248/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$70,000(+26.9%)

Key Takeaway

Homes in Port Richey have sold for 26.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $57K$85.5K
+50.0%
2 $245K$320K
+30.6%
3 $336.5K$360K
+7.0%
4 $612.4K$605K
-1.2%
5+ $1.3M$1.4M
+7.9%

Median Sold Price Compared To Nearby Cities

New Port Richey
+30.6%
Port Richey
+26.9%

How many homes are available in Port Richey, FL?

Number of Homes For Sale

Sep 2022Oct 2022%
3638+5.6%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 1817
-5.6%
3 1216
+33.3%
4 44
0.0%
5+ 21
-50.0%

Number of Homes Sold

Sep 2022Oct 2022%
880.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Port Richey, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
39 Days26 Days-32.9%

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Port Richey, FL

Port Richey, FL has 38 homes on the market. The inventory of homes for sale in Port Richey, FL between September 2022 and October 2022 increased by 5.6%. The median list price of listings available in October 2022 was $330,000, while the average time on the real estate market was 26 days. This housing market listing prices have changed between September 2022 and October 2022: 1 bedroom properties prices increased by 50%, the cost of 2 bedrooms properties went up by 30.6%, prices of 3 bedrooms properties went up by 7%, prices of 4 bedrooms properties decreased by 1.2%, 5 bedrooms properties prices increased by 7.9%. Housing inventory have changed in this real estate market: number of 1 bedroom homes remained the same, number of 2 bedrooms homes decreased by 5.6%, number of 3 bedrooms homes increased by 33.3%, 4 bedrooms homes did not move, the quantity of 5 bedrooms homes went down by 50%. While more than 1 listings in Port Richey, FL in October 2022 were sold above asking price, there were more than 3 listings sold at asking price, and more than 4 were sold below.

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