Is Naples, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Naples was a Seller's Market.
Key Takeaway
Naples is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Naples, FL
How much do homes in Naples, FL cost?
Median Sold Price
$639,923
$359/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Naples have sold for 5.8% more than they did a year ago.
Summary: The median home sold price in Naples was $639,923 in May 2024, up 5.8% from last year, and the median price per square foot was $359.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $250K | $262K | +4.8% |
| 2 Bedrooms | $424.7K | $454.2K | +6.9% |
| 3 Bedrooms | $675.3K | $697.5K | +3.3% |
| 4 Bedrooms | $1.1M | $1.1M | -3.4% |
| 5+ Bedrooms | $1.5M | $1.6M | +4.0% |
Summary: Naples housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.8%, 2 bedroom homes increased by 6.9%, 3 bedroom homes increased by 3.3%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes increased by 4%.
Housing Supply in Naples, FL
How many homes are available in Naples, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6,331 | 6,184 | -2.3% |
Summary: The Naples real estate market had 6,184 homes for sale in May 2024, a 2.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 96 | 96 | 0.0% |
| 2 Bedrooms | 2,150 | 2,071 | -3.7% |
| 3 Bedrooms | 2,732 | 2,640 | -3.4% |
| 4 Bedrooms | 970 | 977 | +0.7% |
| 5+ Bedrooms | 383 | 400 | +4.4% |
Summary: The Naples housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 3.7%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes increased by 4.4%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 957 | 808 | -15.6% |
Asking Price vs. Sold Price
671 Homes Were Sold
Under Asking
97 Homes Were Sold
At Asking
40 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Naples, you may be able to get a good deal. 83% of homes here sold below asking price last month.
Summary: A total of 808 homes were sold or pending in Naples in May 2024, down by 15.6% month-over-month. Of the 808 sold homes, 83% were sold under asking, 12% were sold at asking, and 5% were sold over asking.
Days on Market for Naples, FL
How long does it take to sell a home in Naples, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 52 Days | 67 Days | +27.7% |
Summary: Homes in Naples had an average of 67 days on market in May 2024, up by 27.7% compared to last year.
Breakdown of Home Sale Times
321 Homes Were Sold
Under 30 Days
275 Homes Were Sold
In 30 - 90 Days
212 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Naples are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 808 homes were sold in Naples; 40% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.
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