Is 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, Port Richey has remained a Seller's Market.
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 April 2023
Summary: The median home sold price in Port Richey was $240,000 in April 2024, down 5.9% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $85.5K | $70K | -18.1% |
2 Bedrooms | $232.2K | $225K | -3.1% |
3 Bedrooms | $281K | $275K | -2.1% |
4 Bedrooms | $335K | $334.5K | -0.1% |
5+ Bedrooms | $420K | $350K | -16.7% |
Summary: Port Richey housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.1%, 2 bedroom homes decreased by 3.1%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes decreased by 16.7%.
Median Sold Price Compared To Nearby Cities
New Port Richey | $278.5K | $295K | +5.9% |
Port Richey | $255K | $240K | -5.9% |
Housing Supply in Port Richey, FL
How many homes are available in Port Richey, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
453 | 469 | +3.5% |
Summary: The Port Richey real estate market had 469 homes for sale in April 2024, a 3.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 8 | +166.7% |
2 Bedrooms | 258 | 266 | +3.1% |
3 Bedrooms | 166 | 169 | +1.8% |
4 Bedrooms | 23 | 24 | +4.3% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Port Richey housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 166.7%, 2 bedroom homes increased by 3.1%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
85 | 105 | +23.5% |
Asking Price vs. Sold Price
56 Homes Were Sold
Under Asking
30 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Summary: A total of 105 homes were sold or pending in Port Richey in April 2024, up by 23.5% month-over-month. Of the 105 sold homes, 53% were sold under asking, 29% were sold at asking, and 18% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
41 Days | 46 Days | +13.6% |
Summary: Homes in Port Richey had an average of 46 days on market in Apr 2024, up by 13.6% compared to last year.
Breakdown of Home Sale Times
56 Homes Were Sold
Under 30 Days
31 Homes Were Sold
In 30 - 90 Days
18 Homes Were Sold
Over 90 Days
Summary: During April 2024, 105 homes were sold in Port Richey; 53% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.