The Naples real estate market demonstrated notable resilience and growth throughout 2024, as highlighted by the Naples Area Board of REALTORS® (NABOR®). The year-end market report reveals several key trends that shaped the housing landscape in the region.

Inventory Expansion

One of the most significant developments in 2024 was the substantial increase in housing inventory. The market saw a 36% rise, with available properties climbing from 4,198 in December 2023 to 5,695 by the end of December 2024. This surge provided buyers with a broader selection of homes, potentially easing the competitive pressures experienced in previous years.

Pending and Closed Sales

The appetite for Naples properties remained robust, as evidenced by the 8% increase in pending sales, totaling 10,090 for the year. Closed sales also experienced an uptick, with 7,966 transactions finalized in 2024, marking a 10% improvement over the prior year.

Price Dynamics

The median closed price for homes experienced a modest increase of 2%, reaching $610,000. This steady appreciation indicates a stable market where property values continue to grow at a sustainable pace.

Days on Market

Homes in Naples remained on the market longer in 2024, with the average days on the market extending by 39% to 75 days. This shift suggests that while demand remains strong, buyers are taking more time to make purchasing decisions, possibly due to the increased inventory and broader options available.

New Listings

The market’s vibrancy was further underscored by a 16% rise in new listings, culminating in 15,459 properties entering the market over the year. This influx of new listings reflects growing seller confidence and a dynamic real estate environment.

Price Categories and Regional Highlights

The $500,000 to $1.5 million price segment emerged as the most active, recording 3,862 closed sales in 2024. Regionally, East Naples (zip codes 34114, 34117, 34120, 34137) led in single-family home sales with 1,542 closings, achieving a median closed price of $650,000. North Naples (zip codes 34109, 34110, 34119) stood out in the condominium market, with 1,073 closed sales and a median price of $489,000.

Looking Ahead

Looking ahead to 2025, market sentiment will play a significant role in shaping the year. As Huskey points out, “Uncertainty is the clincher—especially in a market where buyers purchase on sentiment.” While more inventory has created less urgency among buyers, Hughes reminds us that, unlike previous years when buyers faced rapid decision-making, concerns over insurance, interest rates, inflation, and even hurricanes have begun to settle. Young emphasizes that steady growth is possible, but REALTORS® must take the lead in educating clients and easing uncertainty. Weeks also highlights the importance of macroeconomic factors such as trade policies and inflation, which could determine the level of challenges ahead. One thing remains clear: Naples’ real estate professionals will need to rely on their resiliency and adaptability to navigate the evolving market in 2025.

For a comprehensive view of the market statistics and detailed reports, visit the Naples Area Board of REALTORS® official website.

*Note: All data and statistics are sourced from the Naples Area Board of REALTORS® 2024 Year-End Market Report.