34242
North Port, Florida

The 34242 ZIP code in North Port shows clear cooling with a median sale price of $1,000,000, down 5.9% year-over-year as of February 2026. Homes are sitting on the market for an average of 74.5 days, significantly longer than in tighter markets. Only 1% of properties are selling above list price, indicating buyers hold negotiating leverage and sellers face pricing pressure in what has become a decidedly buyer-favorable environment.

This market configuration benefits patient buyers with capital who can exploit the 5.9% price decline and extended 74.5-day marketing periods to negotiate below asking prices. Investors seeking immediate returns should exercise caution given the PropIQ score of 45, but those with longer time horizons may find value in the $1,000,000 median price point if they believe depreciation is bottoming. Sellers face difficult conditions with minimal above-list transactions and should price aggressively to avoid extended market exposure.

The PropIQ score of 45 signals continued weakness, suggesting the 5.9% price decline may not have fully run its course. Key metrics to monitor include whether days-on-market extends beyond the current 74.5 days and if the 1% above-list figure deteriorates further toward zero. Without improvement in absorption rates and buyer urgency, this market likely faces additional months of price discovery before stabilization occurs.