34654 (New Port Richey)
Housing Market
Median sale price $240,000, down 3.5% year over year, with homes going under contract in about 42 days, 26 homes on the market.
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Housing Market Analyst
Inventory sits at 5.0 months of supply — balanced by the 3-to-6-month balanced benchmark, and 58% of listed homes are already under contract. Prices are down 3.5% versus the prior year, but sellers are still collecting 94.1% of asking. Taken together, the data points to a broadly balanced market where preparation decides who wins.
Who has leverage right now
Leverage scores are derived from the Momentum Score (supply, demand, speed, pricing power, and trend). Right now the data favors sellers.
- Prices — balanced supply argues for a sideways market; condition and pricing decide individual outcomes.
- Inventory — building over the tracked window; watch whether that holds through the season.
- Negotiating power — sellers hold the leverage while 58% of inventory sits under contract.
- Mortgage sensitivity — at 4.9× income, this market is moderately sensitive to rate moves; rate relief tends to show up in demand here quickly.
Derived from current 34654 data, not a prediction or guarantee. Markets move; talk to an agent before acting on any single reading.
One inventory number hides four different markets
Months of supply = active listings ÷ monthly sales pace, bucketing communities by their recent median. 3–6 months is the balanced band.
Where 34654 is hot — and where it isn't
Each dot is a community (39 shown, sized by sales volume rank). Click any dot to open its full neighborhood guide.
The read on 34654 (New Port Richey)
The median sale price across 34654 currently stands at $240,000, down 3.5% from a year ago. Buyers are paying a median of $193 per square foot. The typical home goes under contract in about 42 days. Sellers are capturing 94.1% of their original asking price on average.
There are 26 active listings on the market, with 11 more already under contract. At the current sales pace that works out to 5.0 months of supply — roughly balanced conditions by the standard six-month benchmark. 83 homes closed here over the trailing 12 months.
Zillow's home value index for Pasco County stands at $331,852. About 32% of listings county-wide have taken a price cut — a useful gauge of seller flexibility.
Weighing supply, demand, speed, pricing power, and trend together, the Momentum Score for 34654 is 63 of 100 — balanced market territory. This page recalculates every day as new MLS data lands, so the numbers above reflect the market as of August 6, 2026.
34654 since 2012 — and where it’s heading
A median home here sold for $59,070 in 2012 and $262,327 over the last recorded year — 344% appreciation across 14 years of recorded sales. Cash buyers took 34% of recent sales, down from a 50% peak.
Median sale price · 2012–2026 (4,270 recorded sales)
Days on market by year
Cash buyers · share of sales
Home value trend · Pasco County (Zillow ZHVI)
For-sale inventory · county (Zillow)
Daily active vs pending · Pasco County (MLS)
What’s driving 34654
Top inbound states: NY, NJ, IL, CA. Movers arriving report ~$76,486 average income. Source: IRS SOI county-to-county migration, 2022-2023
8,233 Citizens policies in force in Pasco County — the state-backed insurer of last resort. Budget insurance into any Pasco purchase before you fall in love with a house. Source: Citizens Property Insurance, Detail by County, April 2026
6,191 single-family · 1,687 multi-family · 13.4 per 1,000 residents. Future supply pressure starts here. Source: U.S. Census Bureau, Building Permits Survey, 2025
The calls we’re making from today’s data
The sharpest 1-yr median swing among tracked communities. Thin samples can exaggerate swings — verify with a comp analysis before treating it as trend.
The most crowded shelf in the market. Sellers here are competing hardest — which means overpaying in this band is the most avoidable mistake in 34654 right now.
The tightest band — sellers in this range hold the most leverage, and buyers should walk in with financing done and terms clean.
Sellers: price to the last 60 days of comps, not the peak — well-prepared listings are still commanding strong terms. Buyers: get underwritten now so you can move when the right house hits.
Generated from today’s data by Momentum’s analysis engine and reviewed on a rolling basis by our broker team.
Nearby ZIP codes in Pasco
| Market | Median | Active | Score | |
|---|---|---|---|---|
| 34654 ← this page | $240K | 26 | 63 | |
| 33543 | $415K | 182 | 52 | Open → |
| 34652 | $239K | 177 | 47 | Open → |
| 34667 | $250K | 165 | 43 | Open → |
| 33541 | $400K | 153 | 45 | Open → |
| 33545 | $439K | 98 | 48 | Open → |
Neighborhoods on the move
| WATERS EDGE 02New Port Richey | $495K | ▲ 15% |
| TANGLEWOOD TERRACENew Port Richey | $279K | ▲ 7% |
| MOON LAKE ESTATESNew Port Richey | $180K | ▲ 2% |
| SUMMERTREE PRCL 3BNew Port Richey | $320K | ▲ -1% |
| ROSEWOOD AT RIVER RIDGENew Port Richey | $425K | ▲ -2% |
| PORT RICHEY LAND CO SUBNew Port Richey | $100K | ▼ 46% |
| HIDDEN LAKE ESTATESGroveland | $509K | ▼ 21% |
| PARADISE POINTE WESTNew Port Richey | $108K | ▼ 10% |
| ARBORWOOD AT SUMMERTREENew Port Richey | $239K | ▼ 4% |
| COLONIAL HILLSNew Port Richey | $239K | ▼ 4% |
| ROSE HAVENNew Port Richey | $434K | 9 |
| ROSEWOOD AT RIVER RIDGENew Port Richey | $425K | 2 |
| WATERS EDGE 02New Port Richey | $495K | 2 |
| GRIFFIN PARK SUBNew Port Richey | $100K | 1 |
| HIDDEN LAKE ESTATESGroveland | $509K | 1 |
| COLONIAL HILLSNew Port Richey | $239K | 18 days |
| WATERS EDGE 02New Port Richey | $495K | 27 days |
| ROSEWOOD AT RIVER RIDGENew Port Richey | $425K | 33 days |
| ALOHA GARDENSHoliday | $240K | 36 days |
| TANGLEWOOD TERRACENew Port Richey | $279K | 38 days |
Cities in this ZIP
Most active communities
Put this data to work
The questions people actually ask
Should I buy a house in 34654 right now?
The data says conditions currently favor neither side decisively in 34654 — the Momentum Score reads 63/100 with 5.0 months of supply. For buyers that means preparation over hesitation: well-priced homes still move fast, but there is more room to negotiate than a year ago. The right timing always depends on your rate, your equity, and how long you plan to stay — not just the market.
Is 34654 becoming more affordable?
Yes, modestly — the median sale price in 34654 is $240,000, down 3.5% versus the prior year, while sellers still capture 94.1% of asking price. Softening prices plus normal-length marketing times mean affordability is improving at the margin, though financing costs matter more than list prices for most monthly payments.
Where are prices falling fastest in 34654?
Among tracked communities with enough sales to measure, the sharpest 1-year median declines are PORT RICHEY LAND CO SUB (-46%); HIDDEN LAKE ESTATES (-21%); PARADISE POINTE WEST (-10%). Note that community-level medians move on small sale counts — a few high- or low-end closings can swing them — so treat these as leads for a comp analysis, not verdicts.
Which 34654 neighborhoods are most competitive?
Measured by speed of sale, the fastest-moving tracked communities right now are COLONIAL HILLS (18 days); WATERS EDGE 02 (27 days); ROSEWOOD AT RIVER RIDGE (33 days) — homes there go under contract well ahead of the market-wide pace of 42 days.
34654 (New Port Richey) housing market FAQ
What is the median home price in 34654?
The median sale price in 34654 is currently $240,000, down 3.5% from a year ago, based on MLS sales data updated August 6, 2026.
Is 34654 a buyer's or seller's market right now?
The data currently favors sellers. 34654 scores 63 of 100 on the Momentum Score, with 5.0 months of housing supply. Conditions change; this page updates daily.
How long do homes take to sell in 34654?
The typical home in 34654 goes under contract in about 42 days, per current MLS data.
How many homes are for sale in 34654?
There are approximately 26 active listings in 34654 as of August 6, 2026.
Are home prices in 34654 rising or falling?
Median sale prices are down 3.5% year over year based on a rolling comparison of MLS sales.
Momentum agents use this intelligence every day to price listings and write winning offers across 34654 (New Port Richey). Talk through what the numbers mean for your move.
Every number on this page is computed directly from licensed Florida MLS feeds, recorded public sales, Zillow Research, and U.S. Census data — nothing is manually adjusted or estimated by hand. Medians use recorded closed sales; supply figures use live listing counts refreshed twice daily; the Momentum Score methodology is summarized .
Analyst oversight: Jon Brooks — Co-Founder, Momentum Realty · CEO, Momentum Research · Housing Market Analyst · methodology reviewed quarterly · Last data refresh: August 6, 2026 at 7:18 PM ET
Statistics on this page are computed automatically from licensed MLS feeds and public data sources (Zillow Research, U.S. Census Bureau) and summarized without manual review. Figures are estimates based on recent recorded activity, are deemed reliable but not guaranteed, and should be verified with a licensed agent before making decisions. This page does not constitute an appraisal or an automated valuation of any specific property. Momentum Realty is licensed in Florida and Georgia. Equal Housing Opportunity.