$20,000
0.20 Acres
Land
Syna Prasse, Listing Office: SMITH REALTY AND ASSOC INC
Is East Palatka, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, East Palatka has remained a Seller's Market.
Key Takeaway
East Palatka is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East Palatka, FL
How much do homes in East Palatka, FL cost?
Median Sold Price
$264,000
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$14,000(+5.6%)
Key Takeaway
Homes in East Palatka have sold for 5.6% more than they did a year ago.
Summary: The median home sold price in East Palatka was $264,000 in October 2024, up 5.6% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $132K | $202.4K | +53.4% |
| 2 Bedrooms | $162.5K | $192.9K | +18.7% |
| 3 Bedrooms | $267.5K | $299K | +11.8% |
| 4 Bedrooms | $388.4K | $330K | -15.0% |
| 5+ Bedrooms | $765.3K | $972.5K | +27.1% |
Summary: East Palatka housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 53.4%, 2 bedroom homes increased by 18.7%, 3 bedroom homes increased by 11.8%, 4 bedroom homes decreased by 15%, and 5+ bedroom homes increased by 27.1%.
Median Sold Price Compared To Nearby Cities
| Hastings | $298.9K | $319K | +6.7% |
| East Palatka | $250K | $264K | +5.6% |
| Palatka | $218.8K | $215K | -1.8% |
Housing Supply in East Palatka, FL
How many homes are available in East Palatka, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 36 | 39 | +8.3% |
Summary: The East Palatka real estate market had 39 homes for sale in October 2024, a 8.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 18 | 21 | +16.7% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The East Palatka 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 14.3%, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 7 | +250.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Palatka, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in East Palatka in October 2024, up by 250.0% month-over-month. Of the 7 sold homes, 86% were sold under asking, 14% were sold at asking, and 0% were sold over asking.
Days on Market for East Palatka, FL
How long does it take to sell a home in East Palatka, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 26 Days | 111 Days | +319.5% |
Summary: Homes in East Palatka had an average of 111 days on market in Oct 2024, up by 319.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in East Palatka are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 7 homes were sold in East Palatka; 14% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 57% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
All listings featuring the BMLS logo are provided by BeachesMLS, Inc. Copyright 2024 BeachesMLS, Inc.