Is East Palatka, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, East Palatka has remained a Seller's Market.
Housing Prices in East Palatka, FL
How much do homes in East Palatka, FL cost?
Median Sold Price
$263,000
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in East Palatka was $263,000 in April 2024, up 9.6% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $170K | $100K | -41.2% |
2 Bedrooms | $159K | $182.5K | +14.8% |
3 Bedrooms | $260K | $300K | +15.4% |
4 Bedrooms | $254.6K | $355K | +39.4% |
5+ Bedrooms | $757.6K | $275K | -63.7% |
Summary: East Palatka housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 41.2%, 2 bedroom homes increased by 14.8%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 39.4%, and 5+ bedroom homes decreased by 63.7%.
Median Sold Price Compared To Nearby Cities
East Palatka | $239.9K | $263K | +9.6% |
Palatka | $207.4K | $218.9K | +5.6% |
Hastings | $290K | $302K | +4.1% |
Housing Supply in East Palatka, FL
How many homes are available in East Palatka, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
39 | 44 | +12.8% |
Summary: The East Palatka real estate market had 44 homes for sale in April 2024, a 12.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 5 | 5 | 0.0% |
3 Bedrooms | 24 | 28 | +16.7% |
4 Bedrooms | 6 | 5 | -16.7% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The East Palatka housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 8 | +33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 8 homes were sold or pending in East Palatka in April 2024, up by 33.3% month-over-month. Of the 8 sold homes, 50% were sold under asking, 38% were sold at asking, and 13% were sold over asking.
Days on Market for East Palatka, FL
How long does it take to sell a home in East Palatka, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
94 Days | 39 Days | -57.7% |
Summary: Homes in East Palatka had an average of 39 days on market in Apr 2024, down by 57.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in East Palatka; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.