Homes in Naples, Collier County, FL selling for lower prices recently: See how much here

Newly released data from Realtor.com for March shows that potential buyers and sellers in Collier County saw lower home sale prices than the previous month's median of $675,000.
The median home sold for $650,000, an analysis of data from Realtor.com shows. That means March, the most recent month for which figures are available, was down 3.7% from February.
Compared to March 2024, the median home sales price was down 1.5% compared to $660,000.
Realtor.com sources sales data from real estate deeds, resulting in a few months' delay in the data. The statistics don't include homes currently listed for sale and aren't directly comparable to listings data.
Information on your local housing market, along with other useful community data, is available at data.naplesnews.com.
Here is a breakdown on median sale prices:
Looking only at single-family homes, the $780,000 median selling price in Collier County was down 4.5% in March from $817,000 the month prior. Since March 2024, the sales price of single-family homes was down 2.5% from a median of $800,000.One hundred ninety-two single family homes sold for $1 million or more during the month, compared to 198 recorded transactions of at least $1 million in March 2024.
Condominiums and townhomes decreased by 6.9% in sales price during March to a median of $475,000 from $510,000 in February. Compared to March 2024, the sales price of condominiums and townhomes was down 5% from $500,000. One hundred fifteen condominiums or townhomes sold for $1 million or more during the month, compared to 114 recorded transactions of at least $1 million in March 2024.
In March, the number of recorded sales in Collier County slightly decreased from 1,030 in March 2024 to 1,026. All residential home sales totaled $1.3 billion.
Across Florida, homes sold at a median of $380,614 during March, a slight increase from $379,999 in February. There were 32,971 recorded sales across the state during March, down 10.6% from 36,887 recorded sales in March 2024.
Here's a breakdown for the full state:
The total value of recorded residential home sales in Florida increased by 64.2% from $15.1 billion in February to $24.9 billion this March.
Out of all residential home sales in Florida, 9.77% of homes sold for at least $1 million in March, up from 9.12% in March 2024.
Sales prices of single-family homes across Florida slightly increased from a median of $399,985 in February to $402,281 in March. Since March 2024, the sales price of single-family homes across the state was down 1.8% from $409,600.
Across the state, the sales price of condominiums and townhomes dropped 1.5% from a median of $310,758 in February to $306,057 during March. The median sales price of condominiums and townhomes is down 5% from the median of $322,280 in March 2024.
The median home sales price used in this report represents the midway point of all the houses or units listed over the given period of time. The median offers a more accurate view of what's happening in a market than the average sales price, which would mean taking the sum of all sales prices then dividing by the number of homes sold. The average can be skewed by one particularly low or high sale.
The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from Realtor.com. Please leave any feedback or corrections for this story here. This story was written by Ozge Terzioglu. Our News Automation and AI team would like to hear from you. Take this survey and share your thoughts with us.
This article originally appeared on Naples Daily News: Real estate prices down in Collier County, FL. See how much here

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