Is Port Richey, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$241,666
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Port Richey was $241,666 in May 2024, down 3.3% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $85.5K | $60K | -29.8% |
2 Bedrooms | $230K | $225K | -2.2% |
3 Bedrooms | $280K | $275K | -1.8% |
4 Bedrooms | $330K | $332.5K | +0.8% |
5+ Bedrooms | $420K | $362.5K | -13.7% |
Summary: Port Richey housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 29.8%, 2 bedroom homes decreased by 2.2%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes decreased by 13.7%.
Median Sold Price Compared To Nearby Cities
New Port Richey | $280.1K | $295.3K | +5.4% |
Port Richey | $250K | $241.6K | -3.3% |
Housing Supply in Port Richey, FL
How many homes are available in Port Richey, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
470 | 472 | 0.4% |
Summary: The Port Richey real estate market had 472 homes for sale in May 2024, a 0.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 5 | +25.0% |
2 Bedrooms | 269 | 270 | 0.4% |
3 Bedrooms | 173 | 174 | +0.6% |
4 Bedrooms | 22 | 21 | -4.5% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Port Richey housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 0.4%, 3 bedroom homes increased by 0.6%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
107 | 102 | -4.7% |
Asking Price vs. Sold Price
59 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 102 homes were sold or pending in Port Richey in May 2024, down by 4.7% month-over-month. Of the 102 sold homes, 58% were sold under asking, 25% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
37 Days | 44 Days | +19.7% |
Summary: Homes in Port Richey had an average of 44 days on market in May 2024, up by 19.7% compared to last year.
Breakdown of Home Sale Times
54 Homes Were Sold
Under 30 Days
30 Homes Were Sold
In 30 - 90 Days
18 Homes Were Sold
Over 90 Days
Summary: During May 2024, 102 homes were sold in Port Richey; 53% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.