$3,497 Closing Credit*
$294,500
1,453 SqFt
3 Beds
•2 Full Baths
P. Jordan Farrell, Listing Office: FLORIDA BEACHES REAL ESTATE
Is Downtown Palm Coast, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Downtown Palm Coast was a Seller's Market.
Key Takeaway
Downtown Palm Coast is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Downtown Palm Coast, FL
How much do homes in Downtown Palm Coast, FL cost?
Median Sold Price
$283,807
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$15,692(-5.2%)
Key Takeaway
Homes in Downtown Palm Coast have sold for 5.2% less than they did a year ago.
Summary: The median home sold price in Downtown Palm Coast was $283,807 in October 2024, down 5.2% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $217K | $237.5K | +9.4% |
| 3 Bedrooms | $297K | $279K | -6.1% |
| 4 Bedrooms | $319.5K | $326K | +2.0% |
| 5+ Bedrooms | $383K | $354.6K | -7.4% |
Summary: Downtown Palm Coast housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.4%, 3 bedroom homes decreased by 6.1%, 4 bedroom homes increased by 2%, and 5+ bedroom homes decreased by 7.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Arbor Trace at Palm Coast | $311K | $310K | -0.3% |
| Pine Grove - Belle Terre | $329.9K | $324.4K | -1.6% |
| Downtown Palm Coast | $299.5K | $283.8K | -5.2% |
| Kings Colony | $227.4K | $172.5K | -24.2% |
Housing Supply in Downtown Palm Coast, FL
How many homes are available in Downtown Palm Coast, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 22 | +22.2% |
Summary: The Downtown Palm Coast real estate market had 22 homes for sale in October 2024, a 22.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 11 | +10.0% |
| 3 Bedrooms | 8 | 11 | +37.5% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Downtown Palm Coast housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 37.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Downtown Palm Coast, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Downtown Palm Coast in October 2024, up by 200.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Downtown Palm Coast, FL
How long does it take to sell a home in Downtown Palm Coast, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 68 Days | 67 Days | -2.0% |
Summary: Homes in Downtown Palm Coast had an average of 67 days on market in Oct 2024, down by 2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Downtown Palm Coast are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Downtown Palm Coast; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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