Naples Housing Market Update – May 28, 2025
(Data from April 2025 compared to April 2024)
More Inventory. More Opportunity.
Source: Naples Area Board of REALTORS® December 2024 Market Report
Naples, Fla. (May 28, 2025) –
April brought a welcome wave of buyer activity to the Naples real estate market, marking the highest number of closed sales so far in 2025. While total closed sales were down 12.3% year-over-year, they rose nearly 9% compared to March—indicating renewed momentum after a slower start to the year.
Inventory is still elevated compared to past years, but it tightened slightly in April, dropping to just over 11 months of supply—the lowest level this year. With 2,572 price reductions in April alone, sellers are clearly adjusting to market realities and aligning prices more closely with buyer expectations.
Naples Area Board of REALTORS® (NABOR®), April 2025 Market Report. Full report available here.
Median Home Prices Continue to Normalize
The median closed price across all property types in Naples dipped 10% year-over-year to $585,000. Single-family homes saw a 6.1% decline to $745,000, and condominiums dropped 6.7% to $490,000. These numbers reflect a continued recalibration of the market following the unprecedented surge in prices during 2021 and 2022.
Certain areas, such as Port Royal and Naples Beach, saw spikes in average sales prices due to a few ultra-luxury transactions—but these outliers did not significantly affect broader pricing trends. In fact, North Naples and East Naples both saw notable median price declines of 8.3% and 13.5%, respectively.
Homes Need to Be Priced Right to Move
Days on market increased to 84, and a growing number of listings are sitting stale—often due to unrealistic pricing. Compared to the fast-paced market of 2022, today’s conditions require more strategic pricing and marketing. With over 7,000 homes on the market, buyers have more options, making competitive pricing essential to secure a sale.
Looking Ahead: Don’t Sleep on Summer
Contrary to past trends, summer has become a strong season for serious buyers. Sellers who keep their homes listed through the summer months may benefit from motivated activity and less competition. Holding off until fall in hopes of better offers may mean missing out on qualified buyers ready to act now.
Bottom Line
The Naples market is adjusting, not collapsing. Well-priced homes are still selling, and buyer interest is steady—especially in key neighborhoods. Whether you’re buying or selling, working with an expert who understands this evolving landscape is key. At Shawn Stuben Naples Properties, we’re here to help you make smart moves in any season.
Ready to Buy or Sell?
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
