Top Real Estate Agents in Naples, Florida

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2023 Naples, Florida Housing Market Summary

Naples, Florida started 2023 with a total of 1,295 single-family homes on the market, with a median home price of $1,050,000 and an average price per square foot of $781. By the end of the year, inventory had increased to 1,660 homes on the market (+28%), with a median home price of $1,200,000 (+14%) and an average price per square foot of $842 (+7%).

At the start of 2023, the median days on market (DOM) was 70 days – by the end of the year, median DOM had remained the same at 70 days.

Naples started the year with 32% 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 36% of Naples homes for sale had taken a price cut.

Finally, Altos’ proprietary Market Action Index (MAI) shows that Naples started 2023 as a balanced buyer and seller’s market, with an MAI score of 32; by the end of the year, the MAI had dropped to 24 – a buyer’s advantage.

This market summary is powered by Altos Research – click here to run a free report for your area.

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