$120,000
0.11 Acres
Land
Heidi Arnold, Listing Office: DEMETER PROPERTIES INC
Is Palmetto Park, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Palmetto Park was a Buyer'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
$615,000
$280/sqft
Based on all homes sold in September 2024.
Difference Since Last Month
+$290,000(+89.2%)
Key Takeaway
Homes in Palmetto Park have sold for 89.2% more than they did a month ago.
Summary: The median home sold price in Palmetto Park was $615,000 in September 2024, up 89.2% from last month, and the median price per square foot was $280.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $325K | - | N/A |
| 3 Bedrooms | - | $425K | N/A |
| 4 Bedrooms | - | $615K | N/A |
| 5+ Bedrooms | - | $854.5K | N/A |
Summary: Palmetto Park housing prices by bedroom type for September 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Palmetto Park | $325K | $615K | +89.2% |
| Wildwood Heights | $216K | $269.3K | +24.7% |
| Grand Central District | $758K | $739.9K | -2.4% |
Housing Supply in Palmetto Park, FL
How many homes are available in Palmetto Park, FL?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 20 | 21 | +5.0% |
Summary: The Palmetto Park real estate market had 21 homes for sale in September 2024, a 5.0% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Palmetto Park housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Palmetto Park, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Palmetto Park in September 2024, up by 300.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% 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
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 86 Days | 43 Days | -50.0% |
Summary: Homes in Palmetto Park had an average of 43 days on market in Sep 2024, down by 50% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 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 September 2024, 4 homes were sold in Palmetto Park; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.