Is Heritage Palms, 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, Heritage Palms has remained a Seller's Market.
Housing Prices in Heritage Palms, FL
How much do homes in Heritage Palms, FL cost?
Median Sold Price
$405,000
$283/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Heritage Palms was $405,000 in April 2024, up 16.2% from last year, and the median price per square foot was $283.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $330K | $355K | +7.6% |
3 Bedrooms | $695K | $772.5K | +11.2% |
4 Bedrooms | $760K | $1.1M | +44.7% |
5+ Bedrooms | - | $1.0M | N/A |
Summary: Heritage Palms 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 increased by 7.6%, 3 bedroom homes increased by 11.2%, 4 bedroom homes increased by 44.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
Heritage Palms | $348.5K | $405K | +16.2% |
Villas | $250K | $270.7K | +8.3% |
Cypress Landing | $260K | $265K | +1.9% |
Paseo / Reflection Isles | $459.9K | $463K | +0.7% |
Housing Supply in Heritage Palms, FL
How many homes are available in Heritage Palms, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
47 | 44 | -6.4% |
Summary: The Heritage Palms real estate market had 44 homes for sale in April 2024, a 6.4% 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 | 36 | 35 | -2.8% |
3 Bedrooms | 8 | 6 | -25.0% |
4 Bedrooms | 3 | 3 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Heritage Palms 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 2.8%, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 12 | -14.3% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Heritage Palms in April 2024, down by 14.3% month-over-month. Of the 12 sold homes, 92% were sold under asking, 0% were sold at asking, and 8% were sold over asking.
Days on Market for Heritage Palms, FL
How long does it take to sell a home in Heritage Palms, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
14 Days | 50 Days | +247.8% |
Summary: Homes in Heritage Palms had an average of 50 days on market in Apr 2024, up by 247.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 12 homes were sold in Heritage Palms; 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.