The Robert Slack Market Report

New Port Richey, FL

Single-Family Homes

Find Your Next Home https://www.robertslackflorida.com/



New Port Richey, FL

Sun Dec 22 2024
This week the median list price for New Port Richey, FL is $364,999 with the market action index hovering around 35. This is about the same as last month's market action index of 35. Inventory has held steady at or around 507. Click here to stay informed with the New Port Richey market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

New Port Richey, FL

Sun Dec 22 2024
This week the median list price for New Port Richey, FL is $364,999 with the market action index hovering around 35. This is about the same as last month's market action index of 35. Inventory has held steady at or around 507. Click here to stay informed with the New Port Richey market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the New Port Richey market.
Median List Price $364,999
Median Price of New Listings $325,000
Per Square Foot $224
Average Days on Market 97
Median Days on Market 77
Price Decreased 53%
Price Increased 2%
Relisted 6%
Inventory 507
Median Rent
Market Action 35
Slight Seller's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$674,750 2,777 0.25 - 0.5 acre 4 3 22 11 7 73
$419,900 1,877 6,500 - 8,000 sqft 3 2 24 7 8 91
$300,000 1,458 6,500 - 8,000 sqft 3 2 43 9 9 77
$235,000 1,068 4,500 - 6,500 sqft 2 1.5 53 13 9 56