Is Palm Coast, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Palm Coast was a Seller's Market.
Housing Prices in Palm Coast, FL
How much do homes in Palm Coast, FL cost?
Median Sold Price
$356,636
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Palm Coast was $356,636 in May 2024, down 3.1% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $258K | $331.2K | +28.4% |
2 Bedrooms | $280K | $271K | -3.2% |
3 Bedrooms | $360K | $350K | -2.8% |
4 Bedrooms | $389.9K | $374.9K | -3.8% |
5+ Bedrooms | $485K | $499.2K | +2.9% |
Summary: Palm Coast housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.4%, 2 bedroom homes decreased by 3.2%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes increased by 2.9%.
Median Sold Price Compared To Nearby Cities
Bunnell | $307.4K | $301.6K | -1.9% |
Palm Coast | $367.8K | $356.6K | -3.1% |
Flagler Beach | $550K | $499.8K | -9.1% |
Housing Supply in Palm Coast, FL
How many homes are available in Palm Coast, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1,901 | 1,860 | -2.2% |
Summary: The Palm Coast real estate market had 1,860 homes for sale in May 2024, a 2.2% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 16 | 17 | +6.3% |
2 Bedrooms | 134 | 120 | -10.4% |
3 Bedrooms | 1,077 | 1,052 | -2.3% |
4 Bedrooms | 580 | 567 | -2.2% |
5+ Bedrooms | 94 | 104 | +10.6% |
Summary: The Palm Coast housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.3%, 2 bedroom homes decreased by 10.4%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes increased by 10.6%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
304 | 301 | -1.0% |
Asking Price vs. Sold Price
228 Homes Were Sold
Under Asking
51 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Summary: A total of 301 homes were sold or pending in Palm Coast in May 2024, down by 1.0% month-over-month. Of the 301 sold homes, 76% were sold under asking, 17% were sold at asking, and 7% were sold over asking.
Days on Market for Palm Coast, FL
How long does it take to sell a home in Palm Coast, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
60 Days | 74 Days | +23.0% |
Summary: Homes in Palm Coast had an average of 74 days on market in May 2024, up by 23% compared to last year.
Breakdown of Home Sale Times
124 Homes Were Sold
Under 30 Days
92 Homes Were Sold
In 30 - 90 Days
85 Homes Were Sold
Over 90 Days
Summary: During May 2024, 301 homes were sold in Palm Coast; 41% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.