Is 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, Palatka has remained a Seller's Market.
Housing Prices in Palatka, FL
How much do homes in Palatka, FL cost?
Median Sold Price
$218,999
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Palatka was $218,999 in April 2024, up 5.6% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $180K | $62.2K | -65.4% |
2 Bedrooms | $136.9K | $120K | -12.4% |
3 Bedrooms | $210K | $225K | +7.1% |
4 Bedrooms | $274.9K | $260K | -5.4% |
5+ Bedrooms | $281.5K | $303.3K | +7.8% |
Summary: Palatka housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 65.4%, 2 bedroom homes decreased by 12.4%, 3 bedroom homes increased by 7.1%, 4 bedroom homes decreased by 5.4%, and 5+ bedroom homes increased by 7.8%.
Median Sold Price Compared To Nearby Cities
East Palatka | $239.9K | $263K | +9.6% |
Palatka | $207.4K | $218.9K | +5.6% |
Housing Supply in Palatka, FL
How many homes are available in Palatka, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
141 | 154 | +9.2% |
Summary: The Palatka real estate market had 154 homes for sale in April 2024, a 9.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 20 | 23 | +15.0% |
3 Bedrooms | 81 | 88 | +8.6% |
4 Bedrooms | 29 | 33 | +13.8% |
5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The Palatka housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 15%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
22 | 27 | +22.7% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in Palatka in April 2024, up by 22.7% month-over-month. Of the 27 sold homes, 59% were sold under asking, 30% were sold at asking, and 11% were sold over asking.
Days on Market for Palatka, FL
How long does it take to sell a home in Palatka, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
66 Days | 51 Days | -22.9% |
Summary: Homes in Palatka had an average of 51 days on market in Apr 2024, down by 22.9% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 27 homes were sold in Palatka; 59% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.