Is Southeast New Port Richey, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Southeast New Port Richey has remained a Seller's Market.
Housing Prices in Southeast New Port Richey, FL
How much do homes in Southeast New Port Richey, FL cost?
Median Sold Price
$238,000
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Southeast New Port Richey was $238,000 in April 2024, up 8.2% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $200K | $225.5K | +12.8% |
3 Bedrooms | $287.5K | $269.9K | -6.1% |
4 Bedrooms | $310K | $330K | +6.5% |
5+ Bedrooms | $345K | - | N/A |
Summary: Southeast New Port Richey housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.8%, 3 bedroom homes decreased by 6.1%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
Southeast New Port Richey | $220K | $238K | +8.2% |
East Madison | $189.9K | $199K | +4.8% |
Elfers | $239.9K | $245K | +2.1% |
Housing Supply in Southeast New Port Richey, FL
How many homes are available in Southeast New Port Richey, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
32 | 28 | -12.5% |
Summary: The Southeast New Port Richey real estate market had 28 homes for sale in April 2024, a 12.5% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 24 | 20 | -16.7% |
3 Bedrooms | 8 | 8 | 0.0% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Southeast New Port Richey housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 6 | -40.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Southeast New Port Richey in April 2024, down by 40.0% month-over-month. Of the 6 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Southeast New Port Richey, FL
How long does it take to sell a home in Southeast New Port Richey, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
25 Days | 60 Days | +138.8% |
Summary: Homes in Southeast New Port Richey had an average of 60 days on market in Apr 2024, up by 138.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in Southeast New Port Richey; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.