$3,250,000
4,690 SqFt
5 Beds
•5 Full Baths, 1 Partial
Nicole Gossett, Listing Office: CENTURY 21 LIST WITH BEGGINS
Is Palma Ceia, 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, Palma Ceia has remained a Seller's Market.
Key Takeaway
Palma Ceia is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Palma Ceia, FL
How much do homes in Palma Ceia, FL cost?
Median Sold Price
$1,305,000
$495/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$405,000(+45.0%)
Key Takeaway
Homes in Palma Ceia have sold for 45% more than they did a year ago.
Summary: The median home sold price in Palma Ceia was $1,305,000 in November 2024, up 45% from last year, and the median price per square foot was $495.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $606.6K | $630.6K | +4.0% |
| 3 Bedrooms | $785K | $958.5K | +22.1% |
| 4 Bedrooms | $1.2M | $1.5M | +22.4% |
| 5+ Bedrooms | $1.8M | $1.8M | +4.7% |
Summary: Palma Ceia 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 increased by 4%, 3 bedroom homes increased by 22.1%, 4 bedroom homes increased by 22.4%, and 5+ bedroom homes increased by 4.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Bayshore Gardens | $670K | $1.8M | +182.8% |
| Palma Ceia | $900K | $1.3M | +45.0% |
| South Tampa | $638.7K | $732.4K | +14.7% |
Housing Supply in Palma Ceia, FL
How many homes are available in Palma Ceia, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 30 | +7.1% |
Summary: The Palma Ceia real estate market had 30 homes for sale in November 2024, a 7.1% 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 | 5 | +25.0% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 10 | 11 | +10.0% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Palma Ceia 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 increased by 25%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 9 | +125.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Palma Ceia, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Palma Ceia in November 2024, up by 125.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 44% were sold at asking, and 11% were sold over asking.
Days on Market for Palma Ceia, FL
How long does it take to sell a home in Palma Ceia, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 90 Days | 44 Days | -50.9% |
Summary: Homes in Palma Ceia had an average of 44 days on market in Nov 2024, down by 50.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Palma Ceia are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 9 homes were sold in Palma Ceia; 56% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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