Naples, FL Real Estate Listings & Homes For Sale

As of February 2024, the Naples real estate market witnessed a 4.4% decline in home prices compared to the previous year, with the median sale price settling at $832K. Homes in Naples are spending a slightly longer time on the market, averaging 60 days before sale, compared to 54 days the year before. Additionally, the number of homes sold in February experienced a decrease, with 162 properties changing hands, down from 173 sold during the same period last year. This trend suggests a slight cooling in the market, with a modest increase in the time it takes to sell a home and a small reduction in the volume of sales.

The Naples real estate market presents a somewhat competitive landscape. On average, properties are sold within 53 days. It's not uncommon for some homes to receive multiple offers, reflecting a degree of competition among buyers. Generally, homes are sold for approximately 5% below their listed prices, with the average home going pending within the same 53-day timeframe.

However, properties considered to be particularly desirable, or "hot" homes, may sell at closer to their asking price and tend to go pending significantly faster, usually within about 17 days. This indicates a dynamic market where the appeal and positioning of a property can significantly influence how quickly it sells and at what price.

Nationally, Naples has caught the attention of homebuyers looking to relocate, with 1% of buyers exploring moves from other metropolitan areas into Naples. Notably, Miami residents are leading this trend, showing the highest interest in moving to Naples, followed by those from Chicago and New York. This pattern highlights Naples' appeal to a diverse range of homebuyers from different cities, with its allure strong enough to attract interest from major urban centers across the country.