Is Punta Gorda, 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, Punta Gorda was a Seller's Market.
Housing Prices in Punta Gorda, FL
How much do homes in Punta Gorda, FL cost?
Median Sold Price
$379,978
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Punta Gorda was $379,978 in March 2024, down 11.6% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $180K | $139.5K | -22.5% |
2 Bedrooms | $305.5K | $290K | -5.1% |
3 Bedrooms | $529.9K | $441.5K | -16.7% |
4 Bedrooms | $487.5K | $396.9K | -18.6% |
5+ Bedrooms | $625K | $635K | +1.6% |
Summary: Punta Gorda housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.5%, 2 bedroom homes decreased by 5.1%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 18.6%, and 5+ bedroom homes increased by 1.6%.
Median Sold Price Compared To Nearby Cities
Port Charlotte | $323.3K | $325.1K | +0.6% |
Punta Gorda | $430K | $379.9K | -11.6% |
Housing Supply in Punta Gorda, FL
How many homes are available in Punta Gorda, FL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2,475 | 2,577 | +4.1% |
Summary: The Punta Gorda real estate market had 2,577 homes for sale in March 2024, a 4.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 17 | 19 | +11.8% |
2 Bedrooms | 789 | 817 | +3.5% |
3 Bedrooms | 1,277 | 1,333 | +4.4% |
4 Bedrooms | 346 | 356 | +2.9% |
5+ Bedrooms | 46 | 52 | +13.0% |
Summary: The Punta Gorda housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.8%, 2 bedroom homes increased by 3.5%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 13%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
231 | 301 | +30.3% |
Asking Price vs. Sold Price
234 Homes Were Sold
Under Asking
51 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 301 homes were sold or pending in Punta Gorda in March 2024, up by 30.3% month-over-month. Of the 301 sold homes, 78% were sold under asking, 17% were sold at asking, and 5% were sold over asking.
Days on Market for Punta Gorda, FL
How long does it take to sell a home in Punta Gorda, FL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
43 Days | 78 Days | +80.4% |
Summary: Homes in Punta Gorda had an average of 78 days on market in Mar 2024, up by 80.4% compared to last year.
Breakdown of Home Sale Times
108 Homes Were Sold
Under 30 Days
92 Homes Were Sold
In 30 - 90 Days
101 Homes Were Sold
Over 90 Days
Summary: During March 2024, 301 homes were sold in Punta Gorda; 36% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 34% of homes were sold over 90 days.