February 2024 Real Estate Market Statistics for Naples, Florida

February 2024 Naples Real Estate Market Infographic

February 2024 Real Estate Market Statistics for Naples, Florida

Home values in Naples continued their upward trajectory in February 2024, with the median sales price for single-family homes rising 5 percent since the same time last year.

Naples is where luxury and leisure overlap. Stunning estate homes and golf course communities abound among Royal Palms that sway in the warm Gulf breeze.

In our city, you’ll enjoy fine dining in restaurants that offer a bounty of Gulf delights in an assortment of cuisines ranging from authentic Italian, to Asian, to American fare. High-end shopping awaits, and our city’s lively arts and culture scene offers a variety of entertainment by talented creatives.

Lush golf greens nestle-up to upscale communities and vast stretches of sugary-soft white sands outline our beautiful coast. Wherever you are in life, whether you’re a retiree, an empty-nester, snowbird, or investor, you can truly have it all in Naples.

If you’re searching for a new home, and you’re considering buying a luxury home in Naples or a lovely property elsewhere in Southwest Florida, your investment will be a smart move!

Consider these details about the thriving real estate market and economy in Naples.

Essential February 2024 Real Estate Market Statistics for Naples and Southwest Florida

Take a look at this snapshot of home sales and dynamics of the real estate market in Naples for February 2024:

The median sales price for single-family homes in Naples increased by 5 percent from February 2023 to February 2024.

When you find a home you love in Naples, you should move swiftly. Homes for sale in our city typically don’t remain on the market for long–only about a month-and-a-half in February–before being snatched-up by interested buyers!

Other Reasons Why There’s No Better Time Than Now to Buy a Home in Naples

Here’s a composite of recent employment and economic data for Naples and other parts of Southwest Florida:

Labor Force and Employment

In February 2024 unemployment in Collier County ticked upward by 0.2 percent from the previous month, reaching 3.2 percent, according to figures from Florida Gulf Coast University (FGCU). Although it’s an increase, this figure is still sizably lower than the U.S. national average, which was 3.9 percent in February 2024, per data from the U.S. Bureau of Labor Statistics.

Taxable Sales

State and local municipalities raise revenue through sales tax. Take a look at these snapshots of taxable sales figures for Collier County, and other portions of Southwest Florida:

According to FGCU’s calculations, seasonally-adjusted real taxable sales in Collier County amounted to $1.024 billion in January 2024. It’s a 3-percent dip from December 2023 (the month prior).

In Lee County the seasonally-adjusted real taxable sales totaled $1.690 billion in January 2024. That’s 2 percent down from the previous month.

Tourist Tax Revenues

In January 2024, Collier County’s seasonally-adjusted real tourist tax revenues were $4.0 million. That’s 18 percent higher than the same time last year.
Seasonally-adjusted real tourist tax revenues in Lee County totaled $3.4 million in January 2024—16 percent over January 2023.
In coastal counties, the seasonally-adjusted real tourist tax revenues were $8.3 million in January 2024. That’s 16 percent above January 2023.

Airport Passenger Activity

Airport passenger traffic at Southwest Florida International Airport (RSW) amounted to 942,329 in February 2024. That’s a 26 percent increase from February 2023, per research performed by FGCU.

Check Out These Upcoming Events in Naples

Naples Flower Show & Garden Market

Flower enthusiasts, this one’s for you! Splashy colors of flower blossoms await at the Naples Flower Show & Garden Market. This annual juried flower show, one of the largest of its kind in The Sunshine State, will feature floral creations, tropical plants, botanical arts, as well as other intriguing demonstrations. Local and national vendors will be on-hand offering plants and botanically-themed wares.

Event details: naplesgarden.org; Naples Botanical Garden: 4820 Bayshore Drive, Naples, Florida 34112; phone: 239.643.7275; Apr. 5^th & 6^th, from 9 a.m. to 5 p.m.

Sandcastles and Seashells Family Day

This event is perfect for families with small kids or for your grandchildren. At Sandcastles and Seashells Family Day, your child will learn about different elements that make up our coastal beach environment, including intriguing crustaceans and other sea life that inhabit our shores. They can even make a “beach in a bottle.”

Event details: Collier Museum at Government Center: 3331 Tamiami Trail East, Naples, Florida 34112; phone: 239.252.8517; email: victoria.albright@colliercountyfl.gov; Apr. 13^th from 10 a.m. to 1 p.m.

REALTORS® Alexandra Janz and Juergen Haeringer Are Your Premier Real Estate Brokers

At Alexandra Janz AJ International Group Naples, the team of Alexandra Janz & Juergen Haeringer, Broker Associates & Luxury Properties Specialists with William Raveis-Florida, LLC, help clients realize their dreams of purchasing a luxury home and basking in the glow of the Naples and Southwest Florida luxury lifestyle. Alexandra is not only an expert in the real estate market in Naples and Southwest Florida, but in international markets as well.

Find out how much your home is worth now!

Are You Buying or Selling a Home in Naples?

Selling your home is a big deal, so you need to work with a REALTOR® who can get it right. We know how to market your home to all the right buyers, regardless of its price point. We’ll help you sell your home quickly and at the best possible price!

If you’re looking for a home for sale in Naples, we’re here to help. We specialize in luxury real estate and can show you any listing. In the meantime, please feel free to explore what’s available now: .

You can also browse all Naples homes for sale.

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