New Port Richey Real Estate Market Update 12/2024
Hello everyone, I’m Bill Zeltman, Broker REALTORĀ® and Team Lead of Gulf Palm Home Team of Realty One Group Beyond. Today, I am excited to provide you with a market update for New Port Richey, FL.
Let’s dive right into the data. Currently, there are 5.76 Months Supply of Inventory in the market. Over the last 12 months, we have seen a significant increase of 284% in the Months Supply of Inventory. This data gives us insight into the balance between supply and demand in the market.
When it comes to the List to Sold Price percentage, we are seeing a strong number of 96.1%. This means that properties are selling close to their listing price, which is great news for both buyers and sellers.
The median days on market in New Port Richey is 37 days. This is a key indicator of how quickly homes are selling in the area. A lower number of days on market typically indicates a more competitive market.
Lastly, the median Sold Price in New Port Richey is $351,000. This figure represents the middle point of all sold prices in the area and gives us a snapshot of the current market value.
As always, it’s important to consult with a professional REALTORĀ® for personalized advice based on your specific situation. Whether you are a buyer or seller, understanding the market data can help you make informed decisions.
Thank you for watching this market update. If you have any questions or are interested in buying or selling a property in New Port Richey, feel free to reach out to my team and I at the Gulf Palm Home Team at Realty One Group Beyond. Stay informed and stay tuned for more updates. Thank you and have a great day!
Contact us at 727-488-7423 or go to GulfPalmHomes.com.
