$10,000 Closing Credit*
$1,399,000
2,684 SqFt
3 Beds
•3 Full Baths
Rachel Tessoff, Listing Office: Sotheby's Intl. Realty, Inc.
Is South Palm Park, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, South Palm Park has remained a Buyer's Market.
Key Takeaway
South Palm Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in South Palm Park, FL
How much do homes in South Palm Park, FL cost?
Median Sold Price
$182,000
$211/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$1,638,000(-90.0%)
Key Takeaway
Homes in South Palm Park have sold for 90% less than they did a month ago.
Summary: The median home sold price in South Palm Park was $182,000 in October 2024, down 90% from last month, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $182K | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $615K | - | N/A |
| 4 Bedrooms | $3.0M | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: South Palm Park housing prices by bedroom type for October 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.
Housing Supply in South Palm Park, FL
How many homes are available in South Palm Park, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 16 | 0.0% |
Summary: The South Palm Park real estate market had 16 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The South Palm Park 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 increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Palm Park, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in South Palm Park in October 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for South Palm Park, FL
How long does it take to sell a home in South Palm Park, FL?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 89 Days | 216 Days | +142.7% |
Summary: Homes in South Palm Park had an average of 216 days on market in Oct 2024, up by 142.7% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in South Palm Park are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 1 homes were sold in South Palm Park; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
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