Is 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, New Port Richey has remained a Seller's Market.
Key Takeaway
New Port Richey is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in New Port Richey, FL
How much do homes in New Port Richey, FL cost?
Median Sold Price
$295,097
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in New Port Richey have sold for 5.9% more than they did a year ago.
Summary: The median home sold price in New Port Richey was $295,097 in April 2024, up 5.9% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $110K | $113.5K | +3.2% |
| 2 Bedrooms | $217.4K | $229.9K | +5.8% |
| 3 Bedrooms | $335K | $330.5K | -1.3% |
| 4 Bedrooms | $467.2K | $482K | +3.2% |
| 5+ Bedrooms | $545K | $655K | +20.2% |
Summary: New Port Richey housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.2%, 2 bedroom homes increased by 5.8%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 20.2%.
Median Sold Price Compared To Nearby Cities
| New Port Richey | $278.5K | $295K | +5.9% |
| Port Richey | $255K | $240K | -5.9% |
Housing Supply in New Port Richey, FL
How many homes are available in New Port Richey, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1,116 | 1,143 | +2.4% |
Summary: The New Port Richey real estate market had 1,143 homes for sale in April 2024, a 2.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 45 | 60 | +33.3% |
| 2 Bedrooms | 491 | 508 | +3.5% |
| 3 Bedrooms | 408 | 401 | -1.7% |
| 4 Bedrooms | 127 | 132 | +3.9% |
| 5+ Bedrooms | 45 | 42 | -6.7% |
Summary: The New Port Richey housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 3.5%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes decreased by 6.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 209 | 200 | -4.3% |
Asking Price vs. Sold Price
124 Homes Were Sold
Under Asking
51 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Port Richey, you may be able to get a good deal. 62% of homes here sold below asking price last month.
Summary: A total of 200 homes were sold or pending in New Port Richey in April 2024, down by 4.3% month-over-month. Of the 200 sold homes, 62% were sold under asking, 26% were sold at asking, and 13% were sold over asking.
Days on Market for New Port Richey, FL
How long does it take to sell a home in New Port Richey, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 35 Days | 48 Days | +35.6% |
Summary: Homes in New Port Richey had an average of 48 days on market in Apr 2024, up by 35.6% compared to last year.
Breakdown of Home Sale Times
101 Homes Were Sold
Under 30 Days
64 Homes Were Sold
In 30 - 90 Days
35 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in New Port Richey are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 200 homes were sold in New Port Richey; 51% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
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Copyright © 2024 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.