$6,401 Closing Credit*
$539,000
3,081 SqFt
5 Beds
•5 Full Baths
Carolina Medeiros, Listing Office: PREMIER SOTHEBYS INT'L REALTY
Is Paradise Palms, 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, Paradise Palms was a Neutral Market.
Key Takeaway
Paradise Palms is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Paradise Palms, FL
How much do homes in Paradise Palms, FL cost?
Median Sold Price
$395,000
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$51,809(-11.6%)
Key Takeaway
Homes in Paradise Palms have sold for 11.6% less than they did a year ago.
Summary: The median home sold price in Paradise Palms was $395,000 in October 2024, down 11.6% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $377.5K | - | N/A |
| 4 Bedrooms | $425K | $380K | -10.6% |
| 5+ Bedrooms | $548.5K | $485K | -11.6% |
Summary: Paradise Palms housing prices by bedroom type for October 2024 compared to the previous year: 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 decreased by 10.6%, and 5+ bedroom homes decreased by 11.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Four Corners | $405.5K | $400.6K | -1.2% |
| Paradise Palms | $446.8K | $395K | -11.6% |
Housing Supply in Paradise Palms, FL
How many homes are available in Paradise Palms, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 40 | 44 | +10.0% |
Summary: The Paradise Palms real estate market had 44 homes for sale in October 2024, a 10.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 0 | 0 | 0.0% |
| 4 Bedrooms | 24 | 27 | +12.5% |
| 5+ Bedrooms | 16 | 17 | +6.3% |
Summary: The Paradise Palms housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 6.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Paradise Palms, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Paradise Palms in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Paradise Palms, FL
How long does it take to sell a home in Paradise Palms, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 72 Days | 122 Days | +70.5% |
Summary: Homes in Paradise Palms had an average of 122 days on market in Oct 2024, up by 70.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Paradise Palms are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 4 homes were sold in Paradise Palms; 25% of homes were sold within 30 days, 25% 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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