Is Palma Ceia Pines, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Palma Ceia Pines is a buyer's market

Buyer's
Market

Difference Since November 2023

Since last year, Palma Ceia Pines has remained a Buyer's Market.

Key Takeaway

Palma Ceia Pines is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Palma Ceia Pines, FL

How much do homes in Palma Ceia Pines, FL cost?

Median Sold Price

$582,500

$348/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$16,500(-2.8%)

Key Takeaway

Homes in Palma Ceia Pines have sold for 2.8% less than they did a year ago.

Summary: The median home sold price in Palma Ceia Pines was $582,500 in November 2024, down 2.8% from last year, and the median price per square foot was $348.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $172K$173.5K
+0.9%
2 $335K$359K
+7.2%
3 $762.4K$782.5K
+2.6%
4 $893K$802K
-10.2%
5+ $2.1M-
N/A

Summary: Palma Ceia Pines housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.9%, 2 bedroom homes increased by 7.2%, 3 bedroom homes increased by 2.6%, 4 bedroom homes decreased by 10.2%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Courier City
+20.9%
Armory Gardens
+1.7%
Palma Ceia Pines
-2.8%

Housing Supply in Palma Ceia Pines, FL

How many homes are available in Palma Ceia Pines, FL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2427+12.5%

Summary: The Palma Ceia Pines real estate market had 27 homes for sale in November 2024, a 12.5% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 1113
+18.2%
3 910
+11.1%
4 22
0.0%
5+ 00
0.0%

Summary: The Palma Ceia Pines 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 18.2%, 3 bedroom homes increased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Palma Ceia Pines, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Palma Ceia Pines in November 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Palma Ceia Pines, FL

How long does it take to sell a home in Palma Ceia Pines, FL?

Average Sale Time

Nov 2023Nov 2024CHANGE
119 Days11 Days-90.8%

Summary: Homes in Palma Ceia Pines had an average of 11 days on market in Nov 2024, down by 90.8% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Palma Ceia Pines are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 1 homes were sold in Palma Ceia Pines; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

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