Naples Area Market Report Naples Area Market Report | Page 21

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

South Naples

34112 , 34113
Single Family
March
Year to Date
Key Metrics
2023
2024
% Change
Thru 3-2023
Thru 3-2024
% Change
New Listings
78
90
+ 15.4 %
241
295
+ 22.4 %
Total Sales
76
48
- 36.8 %
144
112
- 22.2 %
Days on Market Until Sale
50
58
+ 16.0 %
59
54
- 8.5 %
Median Closed Price *
$ 825,000
$ 670,000
- 18.8 %
$ 646,000
$ 717,500
+ 11.1 %
Average Closed Price *
$ 1,037,624
$ 1,085,906
+ 4.7 %
$ 953,982
$ 1,108,187
+ 16.2 %
Percent of List Price Received *
96.7 %
95.4 %
- 1.3 %
95.3 %
95.2 %
- 0.1 %
Inventory of Homes for Sale
189
302
+ 59.8 %
––
––
––
Months Supply of Inventory
3.9
6.7
+ 71.8 %
––
––
––
Condo
March
Year to Date
Key Metrics
2023
2024
% Change
Thru 3-2023
Thru 3-2024
% Change
New Listings
177
183
+ 3.4 %
443
578
+ 30.5 %
Total Sales
111
84
- 24.3 %
247
217
- 12.1 %
Days on Market Until Sale
43
62
+ 44.2 %
51
67
+ 31.4 %
Median Closed Price *
$ 355,000
$ 448,500
+ 26.3 %
$ 382,450
$ 439,000
+ 14.8 %
Average Closed Price *
$ 419,551
$ 529,118
+ 26.1 %
$ 443,209
$ 500,369
+ 12.9 %
Percent of List Price Received *
96.9 %
96.5 %
- 0.4 %
96.8 %
96.7 %
- 0.1 %
Inventory of Homes for Sale
297
571
+ 92.3 %
––
––
––
Months Supply of Inventory
3.4
7.1
+ 108.8 %
––
––
––
* 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
$ 800,000
Overall Naples Market South Naples
Median Closed Price - Condo
Rolling 12-Month Calculation
$ 600,000
Overall Naples Market South Naples
$ 700,000
$ 500,000
$ 600,000
$ 400,000
$ 500,000
$ 300,000
$ 400,000
$ 300,000
$ 200,000
$ 200,000
$ 100,000
$ 100,000 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 . | 20