Naples Area Market Report Naples Area Market Report | Page 18

Local Market Update – March 2024
Local Market Update – March 2024
A Research Tool Provided by Naples Area Board of REALTORS ®

Naples Beach

34102 , 34103 , 34108
Single Family
March
Year to Date
Key Metrics
2023
2024
% Change
Thru 3-2023
Thru 3-2024
% Change
New Listings
110
109
- 0.9 %
378
381
+ 0.8 %
Total Sales
54
52
- 3.7 %
144
109
- 24.3 %
Days on Market Until Sale
70
110
+ 57.1 %
77
110
+ 42.9 %
Median Closed Price *
$ 2,433,500
$ 2,507,500
+ 3.0 %
$ 2,602,500
$ 2,415,000
- 7.2 %
Average Closed Price *
$ 3,333,093
$ 4,768,630
+ 43.1 %
$ 4,234,244
$ 4,659,410
+ 10.0 %
Percent of List Price Received *
92.3 %
92.1 %
- 0.2 %
93.0 %
92.3 %
- 0.8 %
Inventory of Homes for Sale
509
625
+ 22.8 %
––
––
––
Months Supply of Inventory
10.3
17.2
+ 67.0 %
––
––
––
Condo
March
Year to Date
Key Metrics
2023
2024
% Change
Thru 3-2023
Thru 3-2024
% Change
New Listings
201
188
- 6.5 %
551
680
+ 23.4 %
Total Sales
136
109
- 19.9 %
254
230
- 9.4 %
Days on Market Until Sale
49
93
+ 89.8 %
51
84
+ 64.7 %
Median Closed Price *
$ 1,227,500
$ 1,260,000
+ 2.6 %
$ 1,232,500
$ 1,200,000
- 2.6 %
Average Closed Price *
$ 1,629,699
$ 1,875,755
+ 15.1 %
$ 1,642,072
$ 1,800,845
+ 9.7 %
Percent of List Price Received *
95.7 %
94.1 %
- 1.7 %
95.5 %
94.0 %
- 1.6 %
Inventory of Homes for Sale
416
859
+ 106.5 %
––
––
––
Months Supply of Inventory
5.1
11.5
+ 125.5 %
––
––
––
* Does not account for sale concessions and / or downpayment assistance . | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size .
Median Closed Price - Single Family
Rolling 12-Month Calculation
$ 3,000,000
Overall Naples Market Naples Beach
Median Closed Price - Condo
Rolling 12-Month Calculation
$ 1,400,000
Overall Naples Market Naples Beach
$ 2,500,000
$ 1,200,000
$ 2,000,000
$ 1,000,000
$ 800,000
$ 1,500,000
$ 600,000
$ 1,000,000
$ 400,000
$ 500,000
$ 200,000
$ 0 1-2006 1-2008 1-2010 1-2012 1-2014 1-2016 1-2018 1-2020 1-2022 1-2024
$ 0
1-2006 1-2008 1-2010 1-2012 1-2014 1-2016 1-2018 1-2020 1-2022 1-2024
A rolling 12-month calculation represents the current month and the 11 months prior in a single data point . If no activity occurred during a month , the line extends to the next available data point .
Current as of April 10 , 2024 . All data from Southwest Florida MLS . Report © 2024 ShowingTime Plus , LLC . | 17