$12,500
0.46 Acres
Land
Larry Beckford, Listing Office: HOMETRUST HOLDING REALTY LLC.
Is Palatka, 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, 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
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$3,833(-1.8%)
Key Takeaway
Homes in Palatka have sold for 1.8% less than they did a year ago.
Summary: The median home sold price in Palatka was $215,000 in October 2024, down 1.8% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $62.2K | $110.5K | +77.5% |
| 2 Bedrooms | $104K | $159.5K | +53.4% |
| 3 Bedrooms | $228K | $213K | -6.6% |
| 4 Bedrooms | $275K | $312K | +13.5% |
| 5+ Bedrooms | $317K | $430K | +35.6% |
Summary: Palatka housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 77.5%, 2 bedroom homes increased by 53.4%, 3 bedroom homes decreased by 6.6%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes increased by 35.6%.
Median Sold Price Compared To Nearby Cities
| East Palatka | $250K | $264K | +5.6% |
| Palatka | $218.8K | $215K | -1.8% |
Housing Supply in Palatka, FL
How many homes are available in Palatka, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 144 | 148 | +2.8% |
Summary: The Palatka real estate market had 148 homes for sale in October 2024, a 2.8% 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 | 18 | 19 | +5.6% |
| 3 Bedrooms | 88 | 93 | +5.7% |
| 4 Bedrooms | 26 | 23 | -11.5% |
| 5+ Bedrooms | 12 | 13 | +8.3% |
Summary: The 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 5.6%, 3 bedroom homes increased by 5.7%, 4 bedroom homes decreased by 11.5%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 9 | -60.9% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Palatka, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Palatka in October 2024, down by 60.9% month-over-month. Of the 9 sold homes, 67% were sold under asking, 11% were sold at asking, and 22% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 65 Days | 38 Days | -41.5% |
Summary: Homes in Palatka had an average of 38 days on market in Oct 2024, down by 41.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Palatka has remained consistent over time.
Summary: During October 2024, 9 homes were sold in Palatka; 44% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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