Naples Area Market Report Naples Area Market Report | Page 19

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

North Naples

34109 , 34110 , 34119
Single Family
February
Year to Date
Key Metrics
2023
2024
% Change
Thru 2-2023
Thru 2-2024
% Change
New Listings
135
169
+ 25.2 %
276
365
+ 32.2 %
Total Sales
78
65
- 16.7 %
130
120
- 7.7 %
Days on Market Until Sale
57
54
- 5.3 %
56
53
- 5.4 %
Median Closed Price *
$ 1,025,000
$ 967,250
- 5.6 %
$ 1,072,500
$ 971,125
- 9.5 %
Average Closed Price *
$ 1,484,468
$ 1,580,224
+ 6.5 %
$ 1,535,057
$ 1,463,325
- 4.7 %
Percent of List Price Received *
95.6 %
95.8 %
+ 0.2 %
95.4 %
95.8 %
+ 0.4 %
Inventory of Homes for Sale
308
464
+ 50.6 %
––
––
––
Months Supply of Inventory
3.4
5.7
+ 67.6 %
––
––
––
Condo
February
Year to Date
Key Metrics
2023
2024
% Change
Thru 2-2023
Thru 2-2024
% Change
New Listings
178
217
+ 21.9 %
354
447
+ 26.3 %
Total Sales
82
73
- 11.0 %
167
141
- 15.6 %
Days on Market Until Sale
35
48
+ 37.1 %
42
48
+ 14.3 %
Median Closed Price *
$ 440,000
$ 480,000
+ 9.1 %
$ 500,000
$ 500,000
0.0 %
Average Closed Price *
$ 595,541
$ 543,700
- 8.7 %
$ 914,452
$ 616,320
- 32.6 %
Percent of List Price Received *
96.7 %
96.1 %
- 0.6 %
96.9 %
96.2 %
- 0.7 %
Inventory of Homes for Sale
307
577
+ 87.9 %
––
––
––
Months Supply of Inventory
2.6
6.1
+ 134.6 %
––
––
––
* 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
$ 1,200,000
Overall Naples Market North Naples
Median Closed Price - Condo
Rolling 12-Month Calculation
$ 600,000
Overall Naples Market North Naples
$ 1,000,000
$ 500,000
$ 800,000
$ 400,000
$ 600,000
$ 300,000
$ 400,000
$ 200,000
$ 200,000
$ 0 1-2006 1-2008 1-2010 1-2012 1-2014 1-2016 1-2018 1-2020 1-2022 1-2024
$ 100,000
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 March 10 , 2024 . All data from Southwest Florida MLS . Report © 2024 ShowingTime Plus , LLC . | 18