Naples, Florida started 2024 with a total of 1,738 single-family homes on the market, with a median home price of $1,250,000 and an average price per square foot of $863.60. By the end of the year, inventory had increased to 2,485 homes on the market (+43%), with a median home price of $1,065,000 (-15%), and an average price per square foot of $763 (-12%).
At the start of 2024, the median days on market (DOM) was 70 days – by the end of the year, median DOM had increased to 84 days.
Naples, Florida started the year with 34.29% of homes taking a price cut. (For reference, 35% is the national average for price reductions in a "normal" year.) By the end of the year, about 35.13% of homes for sale had taken a price cut.
