$2,019 Closing Credit*
$170,000
768 SqFt
2 Beds
•1 Full Bath
Ruthie Archie, Listing Office: CB/ELLISON RLTY WEST
Is Palm Cay, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, Palm Cay was a Neutral Market.
Key Takeaway
Palm Cay is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Palm Cay, FL
How much do homes in Palm Cay, FL cost?
Median Sold Price
$174,000
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
-$11,000(-5.9%)
Key Takeaway
Homes in Palm Cay have sold for 5.9% less than they did a year ago.
Summary: The median home sold price in Palm Cay was $174,000 in December 2024, down 5.9% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $183K | $172K | -6.0% |
| 3 Bedrooms | $227.5K | $210K | -7.7% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Palm Cay housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Palm Cay, FL
How many homes are available in Palm Cay, FL?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 32 | 32 | 0.0% |
Summary: The Palm Cay real estate market had 32 homes for sale in December 2024, the same as November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 24 | 22 | -8.3% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Palm Cay housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 8.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Palm Cay, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Palm Cay in December 2024, the same as the previous month. Of the 6 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Palm Cay, FL
How long does it take to sell a home in Palm Cay, FL?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 43 Days | 37 Days | -13.0% |
Summary: Homes in Palm Cay had an average of 37 days on market in Dec 2024, down by 13% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Palm Cay are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 6 homes were sold in Palm Cay; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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