$2,374 Closing Credit*
$199,900
940 SqFt
2 Beds
•1 Full Bath
Jodi Pollack, Listing Office: PLATINUM REALTY & INVESTMENTS INC
Is Palm Hill, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Palm Hill has remained a Seller's Market.
Key Takeaway
Palm Hill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Palm Hill, FL
How much do homes in Palm Hill, FL cost?
Median Sold Price
$195,000
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$4,990(-2.5%)
Key Takeaway
Homes in Palm Hill have sold for 2.5% less than they did a year ago.
Summary: The median home sold price in Palm Hill was $195,000 in November 2024, down 2.5% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $175K | $125.5K | -28.3% |
| 3 Bedrooms | $325K | $335K | +3.1% |
| 4 Bedrooms | $499K | $561K | +12.4% |
| 5+ Bedrooms | - | - | N/A |
Summary: Palm Hill housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 28.3%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 12.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Downtown Largo | $354K | $350K | -1.1% |
| Palm Hill | $199.9K | $195K | -2.5% |
| Water View Estates | $214K | $205K | -4.2% |
Housing Supply in Palm Hill, FL
How many homes are available in Palm Hill, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Summary: The Palm Hill real estate market had 8 homes for sale in November 2024, a 14.3% 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 | 4 | 3 | -25.0% |
| 3 Bedrooms | 1 | 4 | +300.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Palm Hill 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 decreased by 25%, 3 bedroom homes increased by 300%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Palm Hill, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Palm Hill in November 2024, up by 200.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Palm Hill, FL
How long does it take to sell a home in Palm Hill, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 16 Days | 26 Days | +62.1% |
Summary: Homes in Palm Hill had an average of 26 days on market in Nov 2024, up by 62.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Palm Hill has remained consistent over time.
Summary: During November 2024, 3 homes were sold in Palm Hill; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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