Is Grand Palm, 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, Grand Palm was a Seller's Market.
Housing Prices in Grand Palm, FL
How much do homes in Grand Palm, FL cost?
Median Sold Price
$615,000
$311/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Grand Palm was $615,000 in April 2024, up 9.1% from last year, and the median price per square foot was $311.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $520K | $490K | -5.8% |
3 Bedrooms | $600K | $648.9K | +8.2% |
4 Bedrooms | $995K | $750K | -24.6% |
5+ Bedrooms | - | - | N/A |
Summary: Grand Palm 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 5.8%, 3 bedroom homes increased by 8.2%, 4 bedroom homes decreased by 24.6%, and 5+ bedroom homes did not change.
Housing Supply in Grand Palm, FL
How many homes are available in Grand Palm, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
38 | 41 | +7.9% |
Summary: The Grand Palm real estate market had 41 homes for sale in April 2024, a 7.9% increase 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 | 12 | 12 | 0.0% |
3 Bedrooms | 23 | 26 | +13.0% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Grand Palm 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 remained the same, 3 bedroom homes increased by 13%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 6 | +20.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Grand Palm in April 2024, up by 20.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% were sold over asking.
Days on Market for Grand Palm, FL
How long does it take to sell a home in Grand Palm, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
29 Days | 47 Days | +61.5% |
Summary: Homes in Grand Palm had an average of 47 days on market in Apr 2024, up by 61.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in Grand Palm; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.