Is Palencia, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Palencia has remained a Seller's Market.
Key Takeaway
Palencia is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Palencia, FL
How much do homes in Palencia, FL cost?
Median Sold Price
$716,250
$258/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Palencia have sold for 4% more than they did a year ago.
Summary: The median home sold price in Palencia was $716,250 in March 2024, up 4% from last year, and the median price per square foot was $258.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $289K | $282.5K | -2.2% |
| 2 Bedrooms | $275K | $253K | -8.0% |
| 3 Bedrooms | $515K | $537.7K | +4.4% |
| 4 Bedrooms | $723.7K | $830K | +14.7% |
| 5+ Bedrooms | $1.1M | $1.3M | +13.0% |
Summary: Palencia housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.2%, 2 bedroom homes decreased by 8%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 14.7%, and 5+ bedroom homes increased by 13%.
Housing Supply in Palencia, FL
How many homes are available in Palencia, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 40 | 49 | +22.5% |
Summary: The Palencia real estate market had 49 homes for sale in March 2024, a 22.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 15 | 19 | +26.7% |
| 4 Bedrooms | 14 | 17 | +21.4% |
| 5+ Bedrooms | 7 | 10 | +42.9% |
Summary: The Palencia housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 26.7%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes increased by 42.9%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 9 | +80.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Palencia, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Palencia in March 2024, up by 80.0% month-over-month. Of the 9 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Palencia, FL
How long does it take to sell a home in Palencia, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 44 Days | 45 Days | +1.7% |
Summary: Homes in Palencia had an average of 45 days on market in Mar 2024, up by 1.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Palencia are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 9 homes were sold in Palencia; 44% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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