Is Deer Creek on Palmer Ranch, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Deer Creek on Palmer Ranch was a Seller's Market.
Key Takeaway
Deer Creek on Palmer Ranch is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Deer Creek on Palmer Ranch, FL
How much do homes in Deer Creek on Palmer Ranch, FL cost?
Median Sold Price
$750,000
$297/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Deer Creek on Palmer Ranch have sold for 9.6% less than they did a year ago.
Summary: The median home sold price in Deer Creek on Palmer Ranch was $750,000 in April 2024, down 9.6% from last year, and the median price per square foot was $297.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $550K | $497K | -9.6% |
| 3 Bedrooms | $807K | $799.5K | -0.9% |
| 4 Bedrooms | $922.5K | $995K | +7.9% |
| 5+ Bedrooms | $1.2M | - | N/A |
Summary: Deer Creek on Palmer Ranch housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 9.6%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Palmer Ranch | $520K | $511.7K | -1.6% |
| Country Club of Sarasota / TPC Prestancia | $800K | $750K | -6.3% |
| Turtle Rock on Palmer Ranch | $795.5K | $739.5K | -7.0% |
| Deer Creek on Palmer Ranch | $830K | $750K | -9.6% |
Housing Supply in Deer Creek on Palmer Ranch, FL
How many homes are available in Deer Creek on Palmer Ranch, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 7 | -41.7% |
Summary: The Deer Creek on Palmer Ranch real estate market had 7 homes for sale in April 2024, a 41.7% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 2 | -60.0% |
| 3 Bedrooms | 5 | 3 | -40.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Deer Creek on Palmer Ranch 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 decreased by 60%, 3 bedroom homes decreased by 40%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 1 | -83.3% |
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 Deer Creek on Palmer Ranch, 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 Deer Creek on Palmer Ranch in April 2024, down by 83.3% 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 Deer Creek on Palmer Ranch, FL
How long does it take to sell a home in Deer Creek on Palmer Ranch, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 28 Days | 124 Days | +337.6% |
Summary: Homes in Deer Creek on Palmer Ranch had an average of 124 days on market in Apr 2024, up by 337.6% compared to last year.
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 Deer Creek on Palmer Ranch are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 1 homes were sold in Deer Creek on Palmer Ranch; 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.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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