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
Since last year, Palm Aire has remained a Seller's Market.
Housing Prices in Palm Aire, FL
How much do homes in Palm Aire, FL cost?
Median Sold Price
$424,250
$257/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 $424,250 in April 2024, down 2.8% from last year, and the median price per square foot was $257.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $211.5K | $222K | +5.0% |
2 Bedrooms | $350K | $360.3K | +3.0% |
3 Bedrooms | $512.5K | $535K | +4.4% |
4 Bedrooms | $679.9K | $685K | +0.7% |
5+ Bedrooms | $1.0M | - | 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 5%, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
University Park Country Club | $845K | $860K | +1.8% |
Palm Aire | $436.5K | $424.2K | -2.8% |
Mote Ranch | $620K | $583.5K | -5.9% |
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 |
---|---|---|
97 | 85 | -12.4% |
Summary: The Palm Aire real estate market had 85 homes for sale in April 2024, a 12.4% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 46 | 39 | -15.2% |
3 Bedrooms | 41 | 38 | -7.3% |
4 Bedrooms | 9 | 7 | -22.2% |
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 remained the same, 2 bedroom homes decreased by 15.2%, 3 bedroom homes decreased by 7.3%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
21 | 19 | -9.5% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Palm Aire in April 2024, down by 9.5% month-over-month. Of the 19 sold homes, 89% were sold under asking, 5% were sold at asking, and 5% 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 |
---|---|---|
30 Days | 60 Days | +97.1% |
Summary: Homes in Palm Aire had an average of 60 days on market in Apr 2024, up by 97.1% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 19 homes were sold in Palm Aire; 32% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 37% of homes were sold over 90 days.