$3,230 Closing Credit*
$272,000
1,824 SqFt
3 Beds
•2 Full Baths, 1 Partial
Marcus Scott, Listing Office: SCOTT & FAULK INTERVEST REALTY
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 October 2023
At the same time last year, Palm River-Gibsonton was a Seller's Market.
Key Takeaway
Palm River-Gibsonton is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Palm River-Gibsonton, FL
How much do homes in Palm River-Gibsonton, FL cost?
Median Sold Price
$330,266
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$266(+0.1%)
Key Takeaway
The sold price of homes in Palm River-Gibsonton has remained the same since last year.
Summary: The median home sold price in Palm River-Gibsonton was $330,266 in October 2024, up 0.1% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185K | - | N/A |
| 2 Bedrooms | $256.9K | $250K | -2.7% |
| 3 Bedrooms | $320K | $320K | 0.0% |
| 4 Bedrooms | $380K | $371.8K | -2.1% |
| 5+ Bedrooms | $437.5K | $448K | +2.4% |
Summary: Palm River-Gibsonton housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.7%, 3 bedroom homes did not change, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes increased by 2.4%.
Housing Supply in Palm River-Gibsonton, FL
How many homes are available in Palm River-Gibsonton, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 264 | 251 | -4.9% |
Summary: The Palm River-Gibsonton real estate market had 251 homes for sale in October 2024, a 4.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 41 | 42 | +2.4% |
| 3 Bedrooms | 139 | 131 | -5.8% |
| 4 Bedrooms | 64 | 60 | -6.3% |
| 5+ Bedrooms | 19 | 17 | -10.5% |
Summary: The Palm River-Gibsonton 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 2.4%, 3 bedroom homes decreased by 5.8%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes decreased by 10.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 39 | 36 | -7.7% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Palm River-Gibsonton, expect to pay close to the asking price. 47.2% of homes here sold near the asking price last month.
Summary: A total of 36 homes were sold or pending in Palm River-Gibsonton in October 2024, down by 7.7% month-over-month. Of the 36 sold homes, 42% were sold under asking, 47% were sold at asking, and 11% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 69 Days | +193.5% |
Summary: Homes in Palm River-Gibsonton had an average of 69 days on market in Oct 2024, up by 193.5% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Palm River-Gibsonton has remained consistent over time.
Summary: During October 2024, 36 homes were sold in Palm River-Gibsonton; 25% of homes were sold within 30 days, 47% 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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