How's the Real Estate Market??

North Port, FL

Single-Family Homes

Astrid Hartleb | 239-558-1130 | https://affinityswfl.com



North Port, FL

Thu Sep 16 2021
This week the median list price for North Port, FL is $379,900 with the market action index hovering around 90. This is less than last month's market action index of 92. Inventory has decreased to 89. Click here to stay informed with the North Port market!

Market Action Index

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

Strong Seller's Market

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

North Port, FL

Thu Sep 16 2021
This week the median list price for North Port, FL is $379,900 with the market action index hovering around 90. This is less than last month's market action index of 92. Inventory has decreased to 89. Click here to stay informed with the North Port market!

Market Action Index

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

Strong Seller's Market

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the North Port market.
Median List Price $379,900
Median Price of New Listings $329,950
Per Square Foot $201
Average Days on Market 44
Median Days on Market 7
Price Decreased 24%
Price Increased 4%
Relisted 2%
Inventory 89
Median Rent $2,200
Market Action 90
Strong Seller's Market

Prices hit another all time high this week. Given current conditions, prices continue to march higher. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.

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
$562,450 2,284 0.25 - 0.5 acre 3 2 15 5 1 21
$400,000 1,885 0.25 - 0.5 acre 3 1 16 8 5 7
$337,375 1,799 0.25 - 0.5 acre 3 1 18 5 9 10
$225,000 1,176 0.25 - 0.5 acre 3 1 42 13 10 14