$3,444 Closing Credit*
$290,000
1,039 SqFt
2 Beds
•2 Full Baths
AMY BENDER CORNETT, Listing Office: BEACHES REALTY AND MANAGEMENT LLC
Is Palm Valley, 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 Valley was a Seller's Market.
Key Takeaway
Palm Valley is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Palm Valley, FL
How much do homes in Palm Valley, FL cost?
Median Sold Price
$677,125
$350/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$27,125(+4.2%)
Key Takeaway
Homes in Palm Valley have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in Palm Valley was $677,125 in October 2024, up 4.2% from last year, and the median price per square foot was $350.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $234.5K | $223.7K | -4.6% |
| 2 Bedrooms | $310K | $308.5K | -0.5% |
| 3 Bedrooms | $650K | $645K | -0.8% |
| 4 Bedrooms | $1.0M | $1.1M | +4.8% |
| 5+ Bedrooms | $1.4M | $1.7M | +21.9% |
Summary: Palm Valley housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.6%, 2 bedroom homes decreased by 0.5%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 21.9%.
Housing Supply in Palm Valley, FL
How many homes are available in Palm Valley, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 152 | 153 | +0.7% |
Summary: The Palm Valley real estate market had 153 homes for sale in October 2024, a 0.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 9 | -10.0% |
| 2 Bedrooms | 32 | 32 | 0.0% |
| 3 Bedrooms | 45 | 48 | +6.7% |
| 4 Bedrooms | 42 | 37 | -11.9% |
| 5+ Bedrooms | 23 | 27 | +17.4% |
Summary: The Palm Valley housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 10%, 2 bedroom homes remained the same, 3 bedroom homes increased by 6.7%, 4 bedroom homes decreased by 11.9%, and 5+ bedroom homes increased by 17.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 28 | 19 | -32.1% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Palm Valley, you may be able to get a good deal. 73.7% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Palm Valley in October 2024, down by 32.1% month-over-month. Of the 19 sold homes, 74% were sold under asking, 11% were sold at asking, and 16% were sold over asking.
Days on Market for Palm Valley, FL
How long does it take to sell a home in Palm Valley, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 59 Days | 51 Days | -13.5% |
Summary: Homes in Palm Valley had an average of 51 days on market in Oct 2024, down by 13.5% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Palm Valley are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 19 homes were sold in Palm Valley; 53% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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