$24,500
1.13 Acres
Land
James Stup, Listing Office: PALM COAST REAL ESTATE COMPANY
Is Palatka, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Palatka was a Seller's Market.
Key Takeaway
Palatka is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Palatka, FL
How much do homes in Palatka, FL cost?
Median Sold Price
$215,000
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$8,333(-3.7%)
Key Takeaway
Homes in Palatka have sold for 3.7% less than they did a year ago.
Summary: The median home sold price in Palatka was $215,000 in November 2024, down 3.7% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $62.2K | $110.5K | +77.5% |
| 2 Bedrooms | $113.7K | $159.5K | +40.2% |
| 3 Bedrooms | $229K | $214K | -6.6% |
| 4 Bedrooms | $275K | $305K | +10.9% |
| 5+ Bedrooms | $314K | $435K | +38.5% |
Summary: Palatka housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 77.5%, 2 bedroom homes increased by 40.2%, 3 bedroom homes decreased by 6.6%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes increased by 38.5%.
Median Sold Price Compared To Nearby Cities
| East Palatka | $250K | $272.5K | +9.0% |
| Palatka | $223.3K | $215K | -3.7% |
Housing Supply in Palatka, FL
How many homes are available in Palatka, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 149 | 160 | +7.4% |
Summary: The Palatka real estate market had 160 homes for sale in November 2024, a 7.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 19 | 21 | +10.5% |
| 3 Bedrooms | 92 | 103 | +12.0% |
| 4 Bedrooms | 25 | 23 | -8.0% |
| 5+ Bedrooms | 13 | 13 | 0.0% |
Summary: The Palatka housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 12%, 4 bedroom homes decreased by 8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 11 | -15.4% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Palatka, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Palatka in November 2024, down by 15.4% month-over-month. Of the 11 sold homes, 64% were sold under asking, 36% were sold at asking, and 0% were sold over asking.
Days on Market for Palatka, FL
How long does it take to sell a home in Palatka, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 52 Days | 63 Days | +21.7% |
Summary: Homes in Palatka had an average of 63 days on market in Nov 2024, up by 21.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Palatka are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 11 homes were sold in Palatka; 45% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
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