$2,494 Closing Credit*
$210,000
1,056 SqFt
3 Beds
•1 Full Bath, 1 Partial
Jenn Barriffe, Listing Office: FATHOM REALTY FL LLC
Is Palm River-Gibsonton, 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, Palm River-Gibsonton was a Seller's Market.
Key Takeaway
Palm River-Gibsonton is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Palm River-Gibsonton, FL
How much do homes in Palm River-Gibsonton, FL cost?
Median Sold Price
$331,700
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$1,700(+0.5%)
Key Takeaway
Homes in Palm River-Gibsonton have sold for 0.5% more than they did a year ago.
Summary: The median home sold price in Palm River-Gibsonton was $331,700 in November 2024, up 0.5% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185K | - | N/A |
| 2 Bedrooms | $255K | $250K | -2.0% |
| 3 Bedrooms | $320K | $320K | 0.0% |
| 4 Bedrooms | $379.8K | $369.4K | -2.7% |
| 5+ Bedrooms | $435K | $449K | +3.2% |
Summary: Palm River-Gibsonton 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 2%, 3 bedroom homes did not change, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes increased by 3.2%.
Housing Supply in Palm River-Gibsonton, FL
How many homes are available in Palm River-Gibsonton, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 254 | 264 | +3.9% |
Summary: The Palm River-Gibsonton real estate market had 264 homes for sale in November 2024, a 3.9% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 42 | 43 | +2.4% |
| 3 Bedrooms | 133 | 132 | -0.8% |
| 4 Bedrooms | 62 | 64 | +3.2% |
| 5+ Bedrooms | 16 | 23 | +43.8% |
Summary: The Palm River-Gibsonton housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 2.4%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 43.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 38 | 29 | -23.7% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Palm River-Gibsonton, you may be able to get a good deal. 48.3% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in Palm River-Gibsonton in November 2024, down by 23.7% month-over-month. Of the 29 sold homes, 48% were sold under asking, 28% were sold at asking, and 24% were sold over asking.
Days on Market for Palm River-Gibsonton, FL
How long does it take to sell a home in Palm River-Gibsonton, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 26 Days | 59 Days | +126.0% |
Summary: Homes in Palm River-Gibsonton had an average of 59 days on market in Nov 2024, up by 126% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Palm River-Gibsonton has remained consistent over time.
Summary: During November 2024, 29 homes were sold in Palm River-Gibsonton; 34% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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