Is Palm Aire, 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, Palm Aire was a Seller's Market.
Housing Prices in Palm Aire, FL
How much do homes in Palm Aire, FL cost?
Median Sold Price
$255,500
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Palm Aire was $255,500 in April 2024, down 10.5% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $178.5K | $183K | +2.5% |
2 Bedrooms | $234.7K | $245K | +4.4% |
3 Bedrooms | $330K | $326.5K | -1.1% |
4 Bedrooms | - | $599.9K | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Palm Aire housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.5%, 2 bedroom homes increased by 4.4%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
Palm Aire | $285.3K | $255.5K | -10.5% |
Cypress Bend | $264K | $230K | -12.9% |
Housing Supply in Palm Aire, FL
How many homes are available in Palm Aire, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
123 | 132 | +7.3% |
Summary: The Palm Aire real estate market had 132 homes for sale in April 2024, a 7.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 24 | 27 | +12.5% |
2 Bedrooms | 40 | 39 | -2.5% |
3 Bedrooms | 57 | 63 | +10.5% |
4 Bedrooms | 2 | 3 | +50.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Palm Aire housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes decreased by 2.5%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 9 | -35.7% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Palm Aire in April 2024, down by 35.7% month-over-month. Of the 9 sold homes, 89% were sold under asking, 11% were sold at asking, and 0% were sold over asking.
Days on Market for Palm Aire, FL
How long does it take to sell a home in Palm Aire, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
25 Days | 59 Days | +136.6% |
Summary: Homes in Palm Aire had an average of 59 days on market in Apr 2024, up by 136.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in Palm Aire; 33% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 44% of homes were sold over 90 days.