Is Punta Gorda, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$377,222
$227/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Punta Gorda was $377,222 in April 2024, down 11.1% from last year, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $164.5K | $145K | -11.9% |
2 Bedrooms | $315K | $284.5K | -9.7% |
3 Bedrooms | $527.3K | $439.5K | -16.7% |
4 Bedrooms | $439.7K | $397.2K | -9.7% |
5+ Bedrooms | $625K | $622.5K | -0.4% |
Summary: Punta Gorda housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.9%, 2 bedroom homes decreased by 9.7%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 9.7%, and 5+ bedroom homes decreased by 0.4%.
Median Sold Price Compared To Nearby Cities
Port Charlotte | $320K | $325K | +1.6% |
Punta Gorda | $424.5K | $377.2K | -11.1% |
Housing Supply in Punta Gorda, FL
How many homes are available in Punta Gorda, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2,465 | 2,516 | +2.1% |
Summary: The Punta Gorda real estate market had 2,516 homes for sale in April 2024, a 2.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 19 | 18 | -5.3% |
2 Bedrooms | 747 | 783 | +4.8% |
3 Bedrooms | 1,291 | 1,278 | -1.0% |
4 Bedrooms | 358 | 381 | +6.4% |
5+ Bedrooms | 50 | 56 | +12.0% |
Summary: The Punta Gorda housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 5.3%, 2 bedroom homes increased by 4.8%, 3 bedroom homes decreased by 1%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 12%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
322 | 318 | -1.2% |
Asking Price vs. Sold Price
250 Homes Were Sold
Under Asking
52 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 318 homes were sold or pending in Punta Gorda in April 2024, down by 1.2% month-over-month. Of the 318 sold homes, 79% were sold under asking, 16% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
41 Days | 85 Days | +106.5% |
Summary: Homes in Punta Gorda had an average of 85 days on market in Apr 2024, up by 106.5% compared to last year.
Breakdown of Home Sale Times
97 Homes Were Sold
Under 30 Days
113 Homes Were Sold
In 30 - 90 Days
108 Homes Were Sold
Over 90 Days
Summary: During April 2024, 318 homes were sold in Punta Gorda; 31% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 34% of homes were sold over 90 days.