$425,000
0.12 Acres
Land
Besfort Behluli, Listing Office: TIGER REAL ESTATE LLC
Is Palmetto Park, 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, Palmetto Park has remained a Seller's Market.
Key Takeaway
Palmetto Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Palmetto Park, FL
How much do homes in Palmetto Park, FL cost?
Median Sold Price
$479,000
$381/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$131,500(+37.8%)
Key Takeaway
Homes in Palmetto Park have sold for 37.8% more than they did a year ago.
Summary: The median home sold price in Palmetto Park was $479,000 in November 2024, up 37.8% from last year, and the median price per square foot was $381.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $290K | $325K | +12.1% |
| 3 Bedrooms | $380K | $422.5K | +11.2% |
| 4 Bedrooms | $565K | $1.0M | +82.2% |
| 5+ Bedrooms | - | $812.2K | N/A |
Summary: Palmetto Park 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 12.1%, 3 bedroom homes increased by 11.2%, 4 bedroom homes increased by 82.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Palmetto Park | $347.5K | $479K | +37.8% |
| Melrose Mercy / Pine Acres | $244K | $279.9K | +14.7% |
| Historic Kenwood | $545K | $625K | +14.7% |
Housing Supply in Palmetto Park, FL
How many homes are available in Palmetto Park, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 | 22 | 0.0% |
Summary: The Palmetto Park real estate market had 22 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 7 | 9 | +28.6% |
| 4 Bedrooms | 8 | 5 | -37.5% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Palmetto Park 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 20%, 3 bedroom homes increased by 28.6%, 4 bedroom homes decreased by 37.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Palmetto Park, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Palmetto Park in November 2024, the same as the previous month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Palmetto Park, FL
How long does it take to sell a home in Palmetto Park, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 26 Days | 95 Days | +267.3% |
Summary: Homes in Palmetto Park had an average of 95 days on market in Nov 2024, up by 267.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Palmetto Park are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in Palmetto Park; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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