Naples Housing Market Update – March 31, 2025
(Data from February 2025 compared to February 2024)
Naples Housing Market Remains Competitive in February
Source: Naples Area Board of REALTORS® December 2024 Market Report
Naples, Fla. (March 31, 2025) – In February 2025, the Naples housing market experienced a significant inventory increase of 35.8%, rising to 7,320 properties from 5,389 in February 2024. Overall closed sales decreased by 9.5% to 584 from 645 in the same period last year. However, compared to January 2025, closed sales saw a 6% uptick from 511.
Naples Area Board of REALTORS® (NABOR®), February 2025 Market Report. Full report available here.
Median Closed Prices and Pricing Strategies
The overall median closed price in February 2025 increased by 4% to $650,000 from $625,000 in February 2024. To remain competitive amid growing inventory, sellers implemented 2,883 price decreases during the month.
Market Corrections and Buyer Behavior
The market is showing signs of self-correction, with prices stabilizing and sales slowing slightly due to recent economic disruptions and a general lack of buyer urgency.
Neighborhood-Specific Price Variations
Market conditions vary by location and property type. For instance, the median closed price for single-family homes in Central Naples (ZIP codes 34104, 34105, 34116) decreased by 28.7%, while in the Naples Beach area (ZIP codes 34102, 34103, 34108), it increased by 82.2%. This disparity is likely due to the sale of a few high-priced properties rather than widespread price appreciation.
Impact on Recent Home Purchases
Homes purchased in 2022 are beginning to see value declines, particularly in areas with an oversupply of homes for sale.Neighborhoods around Old Naples, Vanderbilt, and Lakes Park are experiencing challenges due to this oversupply.
Seller Strategies in a Competitive Market
Sellers are adopting varied pricing strategies: some are making incremental price reductions without aligning with current market trends, while others are implementing significant cuts to stand out in the competitive landscape.
February 2025 Market Statistics
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Total Closed Sales: 584 (down 9.5% from February 2024)
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Total Pending Sales: 843 (down 27.8% from February 2024)
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Median Closed Price: $650,000 (up 4% from February 2024)
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New Listings: 1,710 (comparable to February 2024)
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Total Active Listings: 7,320 (up 35.8% from February 2024)
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Average Days on Market: 85 (up from 69 in February 2024)
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Single-Family Closed Sales: 305 (down 4.7% from February 2024)
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Single-Family Median Closed Price: $790,000 (down 5.3% from February 2024)
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Single-Family Inventory: 3,490 (up 30.7% from February 2024)
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Condominium Closed Sales: 279 (down from 325 in February 2024)
My Read…
The Naples housing market in February 2025 reflects a transition towards increased inventory and moderated price growth. Sellers are adjusting strategies to navigate the competitive landscape, while buyers may find more opportunities amid these evolving conditions.
Prospective buyers should work with an experienced REALTOR® to navigate these changes and understand the potential impact of assessments and fees on condo ownership costs.
Ready to Buy or Sell?
The Naples housing market is poised for growth in 2025. Whether you’re looking for a seasonal getaway or a full-time residence, let me help you navigate this evolving market. Contact me today to get started!
It’s time.
Shawn Stuben
