Is New Port Richey, FL 34654 a buyer’s or seller’s market?
New Port Richey is a balanced market. With about 5.5 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
More competitive than 5% of U.S. ZIP codes, and #603 of 796 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The New Port Richey housing market right now
In the three months ending August 31, 2026, 5% of homes in New Port Richey, FL 34654 sold above their list price, the typical home went under contract in 74 days and there were 5.5 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 92 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 11%, homes sold more slowly (59 days then) and the median sale price fell 8% to $299,370. Overall, New Port Richey is less competitive than a year ago, which gives buyers more room.
Within Pasco County, homes here sell more slowly than in 90% of the county’s ZIP codes, and sell less often over asking than in 95%. On our competition score, New Port Richey ranks #603 of 796 FL ZIP codes with enough sales (score 12 out of 100).
Nearby, Holiday 34690 (28% sold over asking) and Zephyrhills 33540 (23% sold over asking) are even more competitive.
Run the numbers for 34654
Nearby markets
Aripeka 34679 — /sq ftDade City 33523Seller’s market $205 /sq ftDade City 33525Balanced $185 /sq ftHoliday 34690Buyer’s market $205 /sq ft Browse all markets →Towns like New Port Richey nearby
Find towns like New Port Richey in other states →Where New Port Richey is
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Questions about New Port Richey real estate
Is New Port Richey a buyer’s or seller’s market?
A balanced market: there were 5.5 months of supply in New Port Richey, FL 34654 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in New Port Richey?
The typical home went under contract in 74 days in the latest three months.
Do homes in New Port Richey sell over asking?
5% of homes sold above their original list price, and the typical sale closed at 96.7% of the list price.
What are property taxes in New Port Richey?
About 0.73% of a home’s value a year in Pasco County, or roughly $2,920 on a $400,000 home.
What is the median home price in New Port Richey?
The median sale price was $299,370 in the three months ending August 31, 2026, about $182 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology