Is North Port, 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, North Port was a Seller's Market.
Key Takeaway
North Port is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in North Port, FL
How much do homes in North Port, FL cost?
Median Sold Price
$365,064
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in North Port have sold for 4.4% less than they did a year ago.
Summary: The median home sold price in North Port was $365,064 in April 2024, down 4.4% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170K | $106K | -37.6% |
| 2 Bedrooms | $317.6K | $265K | -16.6% |
| 3 Bedrooms | $379.9K | $364.9K | -3.9% |
| 4 Bedrooms | $480.1K | $425.7K | -11.3% |
| 5+ Bedrooms | $624K | $640K | +2.6% |
Summary: North Port housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 37.6%, 2 bedroom homes decreased by 16.6%, 3 bedroom homes decreased by 3.9%, 4 bedroom homes decreased by 11.3%, and 5+ bedroom homes increased by 2.6%.
Median Sold Price Compared To Nearby Cities
| Port Charlotte | $320K | $325K | +1.6% |
| Arcadia West | $287.5K | $278K | -3.3% |
| North Port | $381.9K | $365K | -4.4% |
| Grove City-Rotonda | $409.9K | $386.5K | -5.7% |
Housing Supply in North Port, FL
How many homes are available in North Port, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1,596 | 1,653 | +3.6% |
Summary: The North Port real estate market had 1,653 homes for sale in April 2024, a 3.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 305 | 311 | +2.0% |
| 3 Bedrooms | 1,055 | 1,095 | +3.8% |
| 4 Bedrooms | 218 | 223 | +2.3% |
| 5+ Bedrooms | 17 | 21 | +23.5% |
Summary: The North Port housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 23.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 213 | 220 | +3.3% |
Asking Price vs. Sold Price
148 Homes Were Sold
Under Asking
45 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Port, you may be able to get a good deal. 67.3% of homes here sold below asking price last month.
Summary: A total of 220 homes were sold or pending in North Port in April 2024, up by 3.3% month-over-month. Of the 220 sold homes, 67% were sold under asking, 20% were sold at asking, and 12% were sold over asking.
Days on Market for North Port, FL
How long does it take to sell a home in North Port, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 38 Days | 79 Days | +105.7% |
Summary: Homes in North Port had an average of 79 days on market in Apr 2024, up by 105.7% compared to last year.
Breakdown of Home Sale Times
86 Homes Were Sold
Under 30 Days
60 Homes Were Sold
In 30 - 90 Days
74 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North Port are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 220 homes were sold in North Port; 39% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 34% of homes were sold over 90 days.
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