Port Richey Housing Market Report December 2024•Pasco County, Florida

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Housing Prices in Port Richey, FL

How much do homes in Port Richey, FL cost?

Housing Market Conditions

Is 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

Port Richey is a Seller's Market

Difference Since December 2023

Since last year, Port Richey has remained a Seller's Market.

Insight

Port Richey is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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.
$246,281$192/SqFt
+$2,706
+1.1%

Based on all homes sold in the last 12 months

Insight

Homes in Port Richey have sold for 1.1% more than they did a year ago.

Summary: The median home sold price in Port Richey was $246,281 in December 2024, up 1.1% from last year, and the median price per square foot was $192.

Median Sold Price By City

Median Sold Price By City
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
+1.1%
New Port Richey
-0.6%

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.
BedsDec 2023Dec 2024Change YoY
1$80K$75K
-6.3%
2$227.6K$222.5K
-2.3%
3$275K$272K
-1.1%
4$334K$303.5K
-9.1%
5$397.5K$331K
-16.7%

Summary: Port Richey housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes decreased by -6.3%. The home price for 2 bedroom homes decreased by -2.3%. The home price for 3 bedroom homes decreased by -1.1%. The home price for 4 bedroom homes decreased by -9.1%. The home price for 5 bedroom homes decreased by -16.7%.

Housing supply in Port Richey, FL

How many homes are available in 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
394Last MonthDec 2024
3952 months agoNov 2024
-0.3 %
Change MoMNov – Dec

Summary: The Port Richey real estate market had 394 homes for sale in Dec 2024, a 0.3 % decrease compared to Nov 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
73Last MonthDec 2024
572 months agoNov 2024
+28.1 %
Change MoMNov – Dec

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.
BedsNov 2024Dec 2024Change MoM
155
0.0%
2227214
-5.7%
3151164
+8.6%
41110
-9.1%
511
0.0%

Summary: Port Richey housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -5.7%. The inventory for 3 bedroom homes increased by +8.6%. The inventory for 4 bedroom homes decreased by -9.1%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in 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 Price14 Homes

At Asking Price22 Homes

Under Asking Price37 Homes

Insight

If you're buying a home in Port Richey, you may be able to get a good deal. 50.7% of homes here sold below asking price last month.

Summary: A total of 73 homes were sold or pending in Port Richey in December 2024, up by 28.1% month-over-month. Of the 73 sold homes, 51% were sold under asking, 30% were sold at asking, and and 19% were sold over asking.

Days on Market for Port Richey, FL

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

Breakdown of Home Sale Times

Under 30 Days21 Homes

30 – 90 Days34 Homes

Over 90 Days17 Homes

Insight

Avg time on Rocket Homes in Port Richey has remained consistent over time.

Summary: During December 2024, 73 homes were sold in Port Richey; 29% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 23% 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
64 DaysThis YearDec 2024
38 Days1 year agoDec 2023
+67.2 %
Change YoYDec 2023 – Dec 2024

Summary: Homes in Port Richey had an average listing age of 64 days in Dec 2024, up by 67.2% compared to the previous year.

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Newest Listings in Port Richey, FL

What homes are available in Port Richey, FL?

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Based on information from Stellar MLS, Hernando County Information Services MLS, Daytona Beach MLS, Miami MLS, and Citrus County MLS for the period 01/01/2023 - 01/01/2025

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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.
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Last updated on: 1/31/2025, 10:49:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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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: 1/31/2025, 11:50:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDXIDX 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, and that the data is deemed reliable but is not guaranteed accurate by the MLS.

Copyright 2025 Daytona Beach Area Association of REALTORS Multiple Listing Services. 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: 2/1/2025, 3:15:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX © 2025 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing 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. This property is offered without respect to any protected classes in accordance with the law.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/1/2025, 3:20:49 AM 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: 2/1/2025, 3:15:57 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.