$3,266 Closing Credit*
$275,000
1,163 SqFt
2 Beds
•2 Full Baths
Sara Leicht, Listing Office: SARASELLSSARASOTA.COM
Is Palmer Ranch, 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, Palmer Ranch was a Seller's Market.
Key Takeaway
Palmer Ranch is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Palmer Ranch, FL
How much do homes in Palmer Ranch, FL cost?
Median Sold Price
$528,750
$288/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$25,194(+5.0%)
Key Takeaway
Homes in Palmer Ranch have sold for 5% more than they did a year ago.
Summary: The median home sold price in Palmer Ranch was $528,750 in October 2024, up 5% from last year, and the median price per square foot was $288.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $216.9K | $173.2K | -20.1% |
| 2 Bedrooms | $395K | $387.5K | -1.9% |
| 3 Bedrooms | $590K | $623K | +5.6% |
| 4 Bedrooms | $807.5K | $815K | +0.9% |
| 5+ Bedrooms | $1.0M | $946K | -5.4% |
Summary: Palmer Ranch housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20.1%, 2 bedroom homes decreased by 1.9%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes decreased by 5.4%.
Housing Supply in Palmer Ranch, FL
How many homes are available in Palmer Ranch, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 229 | 248 | +8.3% |
Summary: The Palmer Ranch real estate market had 248 homes for sale in October 2024, a 8.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 16 | +60.0% |
| 2 Bedrooms | 95 | 105 | +10.5% |
| 3 Bedrooms | 95 | 96 | +1.1% |
| 4 Bedrooms | 23 | 26 | +13.0% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Palmer Ranch housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 60%, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 13%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 31 | +55.0% |
Asking Price vs. Sold Price
26 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 Palmer Ranch, you may be able to get a good deal. 83.9% of homes here sold below asking price last month.
Summary: A total of 31 homes were sold or pending in Palmer Ranch in October 2024, up by 55.0% month-over-month. Of the 31 sold homes, 84% were sold under asking, 13% were sold at asking, and 3% were sold over asking.
Days on Market for Palmer Ranch, FL
How long does it take to sell a home in Palmer Ranch, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 45 Days | 66 Days | +44.3% |
Summary: Homes in Palmer Ranch had an average of 66 days on market in Oct 2024, up by 44.3% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Palmer Ranch are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 31 homes were sold in Palmer Ranch; 35% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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The data relating to real estate for sale on this website comes in part from the Southwest Florida Multiple Listing Service. The information being provided is for consumers` personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information has not been verified, is not guaranteed, and is subject to change. Real estate listings held by other brokerage firms other are marked with the IDX logo and detailed information about them includes the name of the listing brokers.