New Port Richey Housing Market Report January 2025•Pasco County, Florida

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Housing Prices in New Port Richey, FL

How much do homes in New Port Richey, FL cost?

Housing Market Conditions

Is New Port Richey, FL a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

New Port Richey is a Buyer's Market

Difference Since January 2024

At the same time last year, New Port Richey was a Seller's Market.

Insight

New Port Richey is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$290,199$205/SqFt
-$363
-0.1%

Based on all homes sold in the last 12 months

Insight

The sold price of homes in New Port Richey has remained the same since last year.

Summary: The median home sold price in New Port Richey was $290,199 in January 2025, down 0.1% from last year, and the median price per square foot was $205.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Port Richey
+1.9%
New Port Richey
-0.1%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsJan 2024Jan 2025Change YoY
1$112.5K$101.3K
-9.9%
2$225K$224.8K
-0.1%
3$336.5K$329.6K
-2.0%
4$471K$497.8K
+5.7%
5$595K$680K
+14.3%

Summary: New Port Richey housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -9.9%. The home price for 2 bedroom homes decreased by -0.1%. The home price for 3 bedroom homes decreased by -2.0%. The home price for 4 bedroom homes increased by +5.7%. The home price for 5 bedroom homes increased by +14.3%.

Housing supply in New Port Richey, FL

How many homes are available in New Port Richey, FL?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
1,074Last MonthJan 2025
9892 months agoDec 2024
+8.6 %
Change MoMDec – Jan

Summary: The New Port Richey real estate market had 1,074 homes for sale in Jan 2025, a 8.6 % increase compared to Dec 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
118Last MonthJan 2025
1812 months agoDec 2024
-34.8 %
Change MoMDec – Jan

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsDec 2024Jan 2025Change MoM
2418458
+9.6%
4115128
+11.3%
14652
+13.0%
3368391
+6.3%
54245
+7.1%

Summary: New Port Richey housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 2 bedroom homes increased by +9.6%. The inventory for 4 bedroom homes increased by +11.3%. The inventory for 1 bedroom homes increased by +13.0%. The inventory for 3 bedroom homes increased by +6.3%. The inventory for 5 bedroom homes increased by +7.1%.

Asking Price vs. Sold Price

How much do homes in New Port Richey, FL cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price9 Homes

At Asking Price29 Homes

Under Asking Price80 Homes

Insight

If you're buying a home in New Port Richey, you may be able to get a good deal. 67.8% of homes here sold below asking price last month.

Summary: A total of 118 homes were sold or pending in New Port Richey in January 2025, down by 34.8% month-over-month. Of the 118 sold homes, 68% were sold under asking, 25% were sold at asking, and and 8% were sold over asking.

Days on Market for New Port Richey, FL

How long does it take to sell a home in New Port Richey, FL?

Breakdown of Home Sale Times

Under 30 Days52 Homes

30 – 90 Days33 Homes

Over 90 Days29 Homes

Insight

Many homes in New Port Richey are selling fast, if you're buying plan to act quickly.

Summary: During January 2025, 118 homes were sold in New Port Richey; 44% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
63 DaysThis YearJan 2025
40 Days1 year agoJan 2024
+57.1 %
Change YoYJan 2024 – Jan 2025

Summary: Homes in New Port Richey had an average listing age of 63 days in Jan 2025, up by 57.1% compared to the previous year.

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Newest Listings in New Port Richey, FL

What homes are available in New Port Richey, FL?

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MLS Disclaimers and Copyright

Based on information from Stellar MLS, Hernando County Information Services MLS, Beaches MLS, Citrus County MLS, and Florida Gulf Coast MLS for the period 02/01/2023 - 02/01/2025

IDX Listings courtesy of Stellar MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.

IDX Copyright 2025 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/20/2025, 2:20:00 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX The information contained herein has been provided by by Hernando County Association of REALTORS®. This information is from sources deemed reliable but not guaranteed. The information is for consumers' personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing. The information contained in this web site is believed to be reliable and while every effort is made to assure that the information is as accurate as possible, the owner of this site disclaims any implied warranty or representation about it's accuracy, completeness or appropriateness for any particular purpose. This includes but is not limited to information provided by any third party which is accessed through this site via a hyperlink. Those persons who access this information assume full responsibility for the use of said information and understand and agree that the owner of this site named above not responsible or liable for any claim, loss or damage arising from the use of any information contained in this site. Any reference to specific products, companies or services does not necessarily constitute or imply recommendation or endorsement by the owner of this site.

Copyright © 2025 Hernando County Association of REALTORS®
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/20/2025, 2:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDXAll listings featuring the BMLS logo are provided by BeachesMLS, Inc. Copyright 2025 BeachesMLS, Inc.

This information is not verified for authenticity or accuracy and is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/20/2025, 2:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Information is provided by Realtors® Association of Citrus County, Inc. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright © 2025 Realtors® Association of Citrus County, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/20/2025, 2:15:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX The data relating to real estate for sale on this website comes in part from the Southwest Florida Multiple Listing Service. The information being provided is for consumers` personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information has not been verified, is not guaranteed, and is subject to change. Real estate listings held by other brokerage firms other are marked with the IDX logo and detailed information about them includes the name of the listing brokers.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/20/2025, 2:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.